Archive for the ‘Binance Smart Chain’ Category
Binance Integrates DeXe (DEXE) on BNB Smart Chain, Opens Deposits and Withdrawals – Blockchain.News
Binance Completes DeXe Integration
Leading cryptocurrency exchange Binance has successfully integrated DeXe (DEXE) on the BNB Smart Chain (BEP20), according to Binance's latest announcement. The integration opens up the platform for deposits and withdrawals of the DEXE token.
The integration of DeXe on the BNB Smart Chain represents a significant step for both Binance and the DeXe community. Users can now deposit and withdraw DEXE tokens on the BNB Smart Chain, providing them with more flexibility and efficiency in their transactions.
Binance has provided users with their assigned token deposit addresses, which can be accessed here. Additionally, the smart contract address for the DEXE token on the BNB Smart Chain can be viewed on BscScan here.
This integration is expected to enhance the liquidity and utility of the DEXE token across the Binance ecosystem. By leveraging the BNB Smart Chain, users can benefit from lower transaction fees and faster processing times compared to Ethereum-based transactions.
Binance has emphasized that there may be discrepancies in translated versions of the announcement and recommends referring to the original English version for the most accurate information. The exchange also reserves the right to amend or cancel the announcement at its discretion.
For further details, users are encouraged to visit the official announcement on Binance's website here.
Binance has reminded users that digital asset prices are subject to high market risk and price volatility. The value of investments can fluctuate, and there is no guarantee of returns. Users are advised to make informed investment decisions and consult independent financial advisors if necessary.
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Binance Integrates DeXe (DEXE) on BNB Smart Chain, Opens Deposits and Withdrawals - Blockchain.News
DeFi Exchange 1Inch Expands to Binance Smart Chain Citing ETH Gas Fees – Yahoo News UK
1inch, a decentralized finance (DeFi) protocol for routing trades, is now live on Binance Smart Chain (BSC) hedging its bets on Ethereums ability to handle more transaction volume.
Launched in 2019, 1inch routes trading orders for Ethereum-based tokens (and now BSC tokens) through dozens of integrated decentralized exchanges (DEXs) to get the best prices. Its one of the largest DEX aggregators by trading volumes with some $450 million traded in the past 24 hours, according to Dune Analytics.
The 1INCH token on Binance Smart Chain will be used for a bridge between the Binance and Ethereum networks, a blog post shared with CoinDesk reads. 1inch users will get access to PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap, BakerySwap and other Binance-based DEXes and lending protocols.
Related: US Energy Department Floats Solution to Illicit Crypto Mining Malware
Bukov said Binance did not pay for the integration, but did participate in the startups seed round in August.
1inch was forced to move onto BSC, 1inch CTO Anton Bukov told CoinDesk in a Telegram message, because Ethereum miners killed the Ethereum network by not raising the block gas limit.
Stepping back, each block on Ehtereum has an upper bound on how much gas can be used. That number has moved up a few times since the blockchains inception in 2015 depending on a few factors such as the uncle block rate, state size growth and transaction fee pressure. Historically high fees have garnered support for increasing the gas rate from application developers. Its unlikely to happen, however, as a large increase in the Ethereum state size would further the risk of a denial of service (DoS) attack.
Many applications are looking elsewhere as the gas cap is unlikely to move. Some apps, such as Synthetix and dYdX, have chosen Ethereum-based rollups a technology that bundles and processes transactions on Ethereum. Others are looking for alternative Layer 1 homes such as Compound Finances Compound Chain.
Related: Kraken Negotiating New Capital Raise at $10B Valuation: Report
BSC just has 10 times more gas every minute, he added. We are exploring what is really interesting for DeFi users.
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DeFi Exchange 1Inch Expands to Binance Smart Chain Citing ETH Gas Fees - Yahoo News UK
WUSD Stablecoin Expands Reach with Integration on Binance Smart Chain and Solana – PR Newswire
TORTOLA, British Virgin Islands, June 14, 2024 /PRNewswire/ -- WSPN, a leading global digital payments company renowned for its commitment to transparency, speed, and efficiency, is actively broadening the accessibility of its Worldwide USD ("WUSD") stablecoin. Now readily available on both Binance Smart Chain ("BSC") and Solana, alongside its existing presence on Ethereum and Polygon, WUSD is able to provide users across multiple platforms with faster transactions, future upgrade opportunities, and a more expansive presence in the Web3 space.
The integration with BSC brings significant advantages, including lower transaction fees and faster transaction speeds. This expansion allows WUSD to tap into BSC's thriving ecosystem, providing users with a fast and efficient stablecoin option for various financial applications. Additionally, the compatibility with Ethereum Virtual Machine ("EVM") enables WSPN to partner with leading dAPPs and other projects on BSC, further broadening the WUSD ecosystem.
Renowned for its high throughput and minimal fees, Solana offers a robust and rapidly growing ecosystem. This expansion to a non-EVM chain significantly boosts WUSD's utility, enabling seamless and cost-effective participation in DeFi protocols and other payment-focused applications. Furthermore, the upcoming Firedancer upgrade is expected to make Solana's transaction speed even more impressive, strengthening WUSD's presence in this high-growth space.
The expansion of WUSD to BSC and Solana demonstrates WSPN's dedication to providing efficient, scalable, and accessible financial solutions for its users. WSPN will continue to integrate with XLayer and other blockchains, develop cross-chain swaps, and create bridging solutions across multiple networks to further enhance the interoperability and usability of WUSD across different blockchain ecosystems.
About WSPNWSPN is a global digital payments company that provides transparent, fast, and efficient digital payment solutions leveraging the latest technological advancements of Distributed Ledger Technology ("DLT"). We are dedicated to shaping seamless digital payment solutions for our global partners worldwide at the frontier of future digital payments and financial inclusion.
Worldwide USD ('WUSD'), WSPN's flagship USD stablecoin, is a fiat-collateralized stablecoin that is pegged to the U.S. Dollar at a 1:1 ratio. Dedicated to optimizing payment solutions for web3 industry enterprise users, WUSD empower the real economy through secure, compliant digital payments, spanning stablecoins, exchanges and cards, all geared for global expansion.
Learn more:www.wspn.io |Twitter| LinkedIn| Telegram
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WUSD Stablecoin Expands Reach with Integration on Binance Smart Chain and Solana - PR Newswire
Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Binance Smart … – CryptoPotato
[PRESS RELEASE Monaco City, Monaco, June 10th, 2024]
Memereum, a groundbreaking Binance Smart Chain token, is excited to highlight the success of its ongoing presale for its innovative services.
Memereum is designed to offer the first blockchain-based insurance, positioning itself as a potential next 100x crypto investment opportunity due to its robust technology backbone. With over 21 million tokens already sold, the Memereum team is optimistic about Memereums growth potential.
Key Features and Benefits
Memereums blockchain insurance solution and unique offerings distinguish it in the market. For detailed information on key features and benefits, users can visit Memereums website.
Presale Performance
The Memereum team is optimistic about the potential for Memereum to achieve a high return on investment, driven by strong fundamentals, innovative technology, and growing market demand for secure and scalable blockchain solutions. The team sees the sale of over 21 million tokens as a reflection of the strong interest and confidence from Memereums community.
Users can join Memereums presale here.
We are thrilled to highlight the ongoing success of the Memereum presale, which has attracted significant interest from investors worldwide. Our team has developed a product that not only enhances security but also offers extensive utility for various blockchain applications, said Oliver Sanchez, CEO of Memereum. With over 21 million tokens already sold, the presale presents a unique opportunity for early investors to potentially realize significant returns. We are confident in Memereums ability to drive innovation in the cryptocurrency space.
Memereum is a groundbreaking Binance Smart Chain token at the forefront of blockchain technology, dedicated to developing innovative solutions that harness the power of blockchain to solve real-world problems. With a team of experienced professionals and a commitment to excellence, Memereum aims to lead the way in the cryptocurrency and blockchain industry.
MemeSwap First Decentralized Exchange with Insurance Coverage
In addition to its groundbreaking blockchain insurance cryptocurrency, Memereum introduces MemeSwap, the first decentralized exchange with automatic insurance coverage. MemeSwap offers users added security and confidence in their transactions, further enhancing the Memereum ecosystem.
For more information, users can visit Memereums website.
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