Binance Smart Chain (BSC) is a smart contract platform designed to provide developers with the ecosystem they need to build decentralized apps or DApps. BSC has experienced immense growth over the past year and also continues to attract a series of interesting projects. Here are some of its strengths:
The Binance Smart Chain hopes to use low gasoline costs and low speed to compete with Ethereum, the world’s largest smart contract platform.
The chain is designed to complement the Binance (BC) chain with excellent trading volume and exceptional liquidity.
So far, the BSC has attracted developers with new and innovative blockchain projects that offer a lot of promise.
If you are planning to invest in tokens built only on the Binance Smart chain, the two options below should be perfect:
PancakeSwap is a DeFi automated market maker protocol that allows crypto investors to instantly trade a wide range of assets. The platform also gives you the opportunity to earn income by providing cash and farm yields. After launching in 2020 on the BSC, PancakeSwap literally exploded.
Data source: Tradingview.com
The platform offers excellent speeds, secure transactions and low fuel costs, in line with BSC’s mission. At the time of reporting, CAKE, the native governance token, was selling for $ 12.33. CAKE also has a market capitalization of around $ 3.1 billion, ranking among the top 55 crypto assets by market capitalization.
Venus (XVS) is a synthetic stablecoin that doubles as an algorithmic money market protocol. Built on BSC, the platform allows users to borrow and lend crypto assets at low fees.
The platform also gives you the option of minting VAI Stable Coins. At the time of going to press, the native Venus XVS governance token was selling for $ 15.74. The token also had a market cap of around $ 186 million.