Binance Smart Chain: Giant Steps in the Blockchain Space

SPONSORED POST*

The Binance Smart Chain (BSC) has become increasingly popular in the blockchain space and cryptocurrency market, particularly in the GameFi space. However, it’s in the broader DeFi space that it has made giant leaps, thanks to cryptocurrency projects like Binance Coin (BNB), Chainlink (LINK), and HachiFi (HACH).

Witnessing exponential growth over 2021, Binance Smart Chain (BSC) — has solidified its position as the third most popular decentralized finance (DeFi) ecosystem, with about $12 billion in assets locked in its most successful DeFi protocols.

BSC benefits from extremely high throughput, fast transaction speed, and low transaction fees. As a result, it’s widely considered to be a cost-effective alternative to Ethereum (ETH). 

BSC currently has more than 1000 projects and tokens deployed on its ecosystem. It also enjoys the backing of Binance Exchange, the world’s largest cryptocurrency exchange.

In this article, we explore Binance Coin (BNB), Chainlink (LINK), and HachiFi (HACH), three robust projects already deployed on the Binance Smart Chain (BSC).

Chainlink (LINK)

Chainlink (LINK) is a decentralized two-way oracle provider that makes it easier for blockchain-based projects to integrate data feeds from off-chain sources, such as financial exchanges, centralized databases, IoT sensors, etc.

The extracted data can be fed into smart contracts, helping to power and secure various decentralized applications and services, including exchanges, prediction markets, and tokenized stocks.

Additionally, its two-way oracles allow traditional databases and businesses to access data from decentralized blockchains; as a result, delivering blockchain benefits to the real world.

Initially launched on the Ethereum (ETH) network, Chainlink (LINK) has also linked with the Binance Smart Chain (BSC) and several other blockchains. The platform also features a utility asset, LINK, an ERC-20 standard, and a BEP-20 compatible token, which secures all activities on the Chainlink (LINK) ecosystem.

Binance Coin (BNB)

By miles, the most popular digital asset on the Binance Smart Chain (BSC) is the blockchain’s BEP-20 standard token, Binance Coin (BNB).  Initially a utility token for Binance Exchange, Binance Coin (BNB) saw its utility and popularity skyrocket after the launch of the Binance Smart Chain in 2020.

The token currently has over 1.5 million holders across the Binance Smart Chain (BSC) and Ethereum (ETH) ecosystems. It also has many different use cases, such as discount fees on Binance, paying transaction fees on BSC, etc. In addition, Binance Coin (BNB) was one of the best-performing cryptocurrencies in 2021, earning holders an astounding 1,280% return in 2021 alone.

HachiFi (HACH)

HachiFi (HACH) is a community-governed, decentralized, next-generation, and Layer-III network that aspires to unlock prospects in the Decentralized Finance (DeFi) industry.

From paying fees to earning passive rewards, the HachiFi (HACH) ecosystem has you covered. HachiFi (HACH) is committed to creating financial opportunities for millions of individuals worldwide in the cryptocurrency market, Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and metaverse spaces.

The ecosystem will be driven by the HACH token, the utility cryptocurrency of the HachFi (HACH) ecosystem.

The HachiFi (HACH) team believes that having HACH as the primary token driving the project’s platforms, goods, and services brings credibility, flexibility, and accountability, to all users. HACH’s utility will span payment of HachiFi swap fees, storing value, breeding Non-fungible Tokens (NFTs) creatures, P2P payments, staking, etc.

HACH’s presale is keenly anticipated, and the developers promise several presale bonuses. Users can receive between 20-125% bonus when they purchase HACH tokens up to five times. Each purchase will be treated as a level and has its corresponding bonus.

BSC has migrated several users from Ethereum (ETH) network due to the former’s congestion challenges and astronomical fees. 

However, while some critics believe that BSC’s popularity will wane after the launch of Ethereum 2.0 (Ethereum’s scalability solution), that may not be the case.

Most projects on the BSC platform will easily bridge to Ethereum (ETH), thanks to BSC’s utility token, BNB. Therefore, expect more growth from BSC-based projects, particularly Hachifi (HACH).

HachiFi (HACHI)

Presale: http://signpup.hachifi.com/ 

Website: http://hachifi.com/ 

Telegram: https://t.me/HachiFiOfficial 

*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.