Author: BSCTimes

Following the recent listing of Coinbase on the Nasdaq stock exchange, it appears as more and more bridges are being built between stocks and cryptocurrencies. Thanks to projects like Horizon Protocol or Mirror Protocol, cryptocurrency investors on Binance Smart Chain can now not only have some market exposure to stocks, but even earn yields on their investments. These projects enable investors to hold a 1:1 version of the original stock, this time in #BEP20, a tokenized equity which resides on the blockchain. There are actually many benefits of holding a synthetic version of an asset instead of the real one,…

CoinGecko has released their Quarterly Cryptocurrency Report for the Q1, and the report shows that Binance Smart Chain, Decentralized Finance, and BNB specifically absolutely crushed it. The growth in DeFi applications such as NFT’s, yield farms, decentralized exchanges and others, has pushed the TVL (total value locked) of BSC DeFi to over $35 billion today. To give you context on how that compares to the current king of DeFi, Ethereum, here is a graphic. As you can see, in 3 months time, Binance Smart Chain was able to grow their DeFi dominance from 3%, to 27%. In that same timespan,…

The interest in NFTs has exploded. While many NFT projects had a small community of enthusiasts since their early existence, 2021 has brought forth a bit of an NFT mooning. Many thought DeFi would bring mainstream adoption to the crypto space. However, it seems like the value proposition of NFTs is much easier to grasp for people not involved with blockchain technology with new stories everyday about how a new celebrity or artist are joining the NFT craze. Introduction In short, NFTs are unique digital items secured by cryptography. They can represent digital collectibles, game items, pets, memes, even liquidity…

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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…

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…

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…

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…

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…

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…