Author: BSCTimes

Anytime a new project comes out, it can sometimes be tough for the average investor not to follow into the hype and “FOMO” in. However with the sheer number of new projects coming out nearly every single day on Binance Smart Chain, some will not only fail, but can do so in bad faith.As such, it’s recommended to study the facts, look over the tokenomics, and always do some research and due diligence before getting into any type of investment. There are 3 main types of catastrophic failures for a project. One of which is done with malicious intent whether…

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At some point or another in DeFi I am sure you will come across the term “slippage” at some point or another, if you haven’t already. What is it? What does it mean? Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. When using decentralized exchanges, often times the liquidity pools have an algorithm that quickly balances out the funds in each market. This process can sometimes cause the price of an asset to change in between someone starting and finalizing a trade. It’s important to also point…

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Decentralized Finance moves at a blazingly fast speed, and because of that change, it can be hard to understand how to evaluate projects. I’d like to take a moment to go over some things that everyone in DeFi should know, that will help you learn how to better understand the health or status of a particular project. Tokenomics Tokenomics is short for token and economics, and in the cryptocurrency world, a token is a representation of something, such as value, voting rights etc., and economics we already know. The quality of the tokens economics will convince others to invest as…

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Not only a foundational technology behind DeFi, liquidity pools are an essential part of many different segments of DeFi, such as; automated market makers (AMM), yield farming, credit/lending protocols, synthetic assets, on-chain insurance and much more. The idea itself seems like it could be very complicated, but it’s actually very simple. A liquidity pool is basically a pool of everyones funds thrown together. But how does this pool of funds facilitate the highly complex functions that occur routinely in DeFi? Let’s dive into how liquidity pools can benefit the world of decentralized finance. Decentralized Finance (DeFi) has exploded onto the…

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As you are probably aware, different blockchains have different specifications for their tokens. This causes headaches when the tokens are incompatible, and the blockchains can’t talk to each other. We’ve all been there, trying to use tokens for one blockchain, but they are only compatible with a different blockchain? Would you like to use your BTC as collateral on a smart contract blockchain like BSC, to borrow against? Would you like to actively trade your ETH on BSC without the exorbitant transaction fees? I have good news for you. Binance Smart Chain has a cool feature that allows you to…

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What Is Binance Smart Chain? In September of 2020, Binance launched the Binance Smart Chain, an Ethereum-Virtual-Machine compatible smart contract blockchain, and since then it has far surpassed Ethereum in daily transactions. With transactions taking only 5–10 seconds, as opposed to 5–10 minutes, and costing only .05c-.10c each, as opposed to $15+, it’s no wonder why it’s seeing such massive growth. Existing smart contracts, and Solidity developers can easily migrate to BSC, and pickup right where they left off. Investors can also “wrap” any of their favorite ERC-20 tokens, and use them on Binance Smart Chain. While there are a…

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Hello, and welcome to BSC Times! We here at BSC Times couldn’t be more pleased to share what we have been working on for the past couple months with you. BSC Times is a new media outlet that will primarily focus on the burgeoning Binance Smart Chain, with accompanying news, project updates, project AMA’s, podcasts and more. It is our goal to bring our users much more than the regular nuts & bolts 24-hour news cycle stuff. We want to also provide in-depth, long form, and other content, that will really help us stand out from our competitors in this…

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Binance Coin (BNB) has been on fire lately, and as of approximately 4 hours ago, reached a new all-time-high of $420.23. BNB has now entered the top 3 cryptocurrency projects by market-cap, and seems to show no signs of slowing down anytime soon. BNB surging ahead, forming bullish trend With Binance Smart Chain’s rise in popularity (4 million daily transactions, over 2x the daily transactions on Ethereum), and the fact that BNB is the native token for the blockchain, BNB has experienced a real uptick in price action. Could we soon see a $500 (BNB) token? Now that (BNB) is…

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Creating a Binance.com account The cryptocurrency market is hot, and you’d like to get in on some of the action? No problem, it’s as simple as creating an account, inputting payment information, and placing your first trade. I’ll walk you through the process of getting started with Binance, how to fund the account and trade. When you are ready to create your account, click on the Binance logo below to visit their website. When you get to Binance.com click on the “register” button on the top right of the homepage. You will then input your email address, and choose a…

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