Top 10 Tokens of BSC ecosystem platform – BNB Chain platform coin roll
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Binance Smart Chain (changed to BNB Chain) is one of the mature ecosystems, compared to the level of influence, only inferior to Ethereum (ETH). It is for this reason that project information and platforms in the BSC ecosystem are of great interest to many people. In this article, Beat Investment will help you to summarize the top 10 tokens of the BSC ecosystem .
What is the BSC ecosystem platform token?
Each ecosystem will be a component of many projects with functions that serve the project (may support other ecosystems). You can imagine an ecosystem like a human body, it takes many parts that work together to maintain human life. Each part can perform one or more of their own functions. for example: the vascular system that feeds the body (cash flow, stablecoins), the digestive system that feeds the body (the DEX exchanges receive cash flow into the project), the movement system that helps people move (the bridges). bridge connection with other ecosystems), … In general, an ecosystem may lack or not need some activities to still operate,
Ecosystem platform tokens are tokens of important projects that play important roles in the ecosystem. Typically tokens of DEXs, Lending projects, Oracle, etc. The development of platform projects as well as platform tokens is a measure for the development of the whole ecosystem. Platform projects and tokens also often have good reputation and strength, often growing at the forefront when the ecosystem is noticed and receiving cash flow.
The BNB Chain ecosystem has witnessed its strong development, the platform tokens also play an important role in influencing the overall strength of the ecosystem.
Top 10 coins of BSC ecosystem platform
Binance Coin (BNB)
The important foundation coin of that ecosystem is BNB. Binance Coin (BNB) is the official coin of the Binance exchange, issued by the exchange itself under the symbol BNB. Because, BNB Chain itself does not issue tokens, but immediately uses the BNB token of this exchange. For that reason, the influence of this token is growing on the BNB Chain ecosystem.
Users can use BNB to receive trading incentives on Binance, become the own coin of the Binance ecosystem or community utility token on games, dApps of Binance Smart Chain, use payment functions, buy and sell IEO tokens. hosted on Binance Launchpad, contributed to Binance funds, …
As an important foundation coin of the ecosystem, participating in many projects of the system, with the great development potential of BNB Chain, it is a premise for the BNB token to continue to grow well in the long-term future.
Binance USD (BUSD)
Binance USD (BUSD), is one of the most popular Stablecoins in the crypto space. Like other Stablecoins, Binance USD is pegged 1:1 to the US dollar. Of course, BUSD will be a tool for users to trade and buy other coins, not hold them to farm or stake. What we need to pay attention to is the market size as well as the trading volume. Because the development of Stablecoins also reflects the strength of the entire ecosystem
Pancake Swap (CAKE)
Pancake Swap (CAKE) is a decentralized exchange (DEX) developed on the Binance Smart Chain (BSC) platform. The platform uses an automated market-making model ( AMM ) where users can trade digital assets but do not have an order book to wait for others to match. Pancake is oriented to be BSC's liquidity hub, a counterweight to Ethereum's Uniswap. Despite "late birth" (released on September 24, 2020), Pancake Swap is the so-called "baby" platform of BSC. This exchange has surpassed previous photos and is the application with the top 1 users on the BSC platform.
Venus (XVS)
Venus (XVS) is the Lending platform of Binance Smart Chain, a project that allows borrowing and lending of digital assets and the creation of synthetic stablecoins backed by various BEP-20 assets. Users can borrow Crypto assets worth 75% or less of the value of the collateral and receive VAI Token (Venus Stable Coin).
Venus is powered by Venus Token (XVS), there will be no allocation of founders, team or developers, this token can only be earned through Binance LaunchPool projects or through the liquidity offering. account for the protocol.
As the leading platform in the ecosystem, Venus also has an influence on the overall development of the system and has relationships with other projects of BNB Chain.
Beefy Finance (BIFI)
Beefy Finance (BIFI) is a yield aggregator built on Binance Smart Chain.Beefy Finance is developed to help liquidity Providers get the most optimal yield farming. to optimize profits from providing liquidity.
This return optimization is done through the vault system, the vault acts as an investment tool, executing the strategy through smart contracts. These vaults automate the best yield farming opportunities. Vault can perform the following actions: Use assets as liquidity, provide assets as collateral to others, manage collateral to reduce liquidation rates, use assets to generate yield and compound profits.
Beefy Finance inherits the idea of Yearn Finance and brings it to Binance Smart Chain but has better transaction fees and transaction processing speed.
Alpaca Finance (ALPACA)
Alpaca Finance (ALPACA) is a lending protocol at the BNB Chain ecosystem. For Alpaca, lenders can fully earn a stable source of profit, while providing lenders with leveraged loans and allowing them to optimize profits along with capital. Mortgage.
Currently, Alpaca is a platform that provides a variety of services and allows users from new to experienced DeFi to exploit to make money, including:
- Staking + Lending: Stable and safe APR.
- Grazing Range: earn extra profit from staking ibALPACA to receive reward tokens from partner projects on the market today.
- Leveraged Yield Farming: is maximizing the ability to use capital to farm yields at AMM platforms with leverage up to 6x maximum.
Tranchess (CHESS)
Tranchess (CHESS) is a project in the Asset Management array on the BNB Chain platform. Compared to previous platforms such as dHEDGE, Tranchess uses a tokenization mechanism through 3 different token forms, corresponding to investment needs at different levels of risk and return.
Tranchess' ideas were first conceived in early 2020 and quickly developed into the current project. The project's inspiration comes from tranchess fund's ability to meet different risk needs of users. The project's vision is to empower DeFi users with asset allocation flexibility, becoming a lasting solution for long-term holders of crypto assets. Tranchess will continuously expand the platform's protocols to provide more services to users.
Tranchess helps users in the BNB Chain ecosystem to have more investment options, manage and make the most of investment opportunities on the platform.
CertiK (CTK)
CertiK (CTK) is a security blockchain platform built on BNB Chain, the goal of the platform to raise the security standard of DApps and Blockchains in the market today. Certik also often appears as an audit for quite a few platforms.
Founded in 2018 by Yale and Columbia professors, CertiK is a pioneer in blockchain security, using today's best Formal Verification and AI technology to secure and monitor blockchains, contract smart contracts and Web3 applications.
Dogecoin (DOGE)
Dogecoin (DOGE) is a meme coin built and developed based on the Litecoin platform, running on the BNB Chain platform. Dogecoin was launched on December 8, 2013. In fact, Dogecoin is still very rarely used for trading, but mainly used to give online gifts to people who share useful news and interesting stories online. The information and price of this coin is often associated with the American billionaire Elon Musk
Despite the skepticism from the community, the coin is still alive and kicking. There are even plans to develop this project in other areas.
BakerySwap(BAKE)
BakerySwap is an NFT and AMM exchange on BNB Chain, providing a decentralized and fast protocol platform similar toUniSwap, but with a faster operating mechanism and lower cost.
The highlight of BakerySwap is the direction of becoming an All-in-one Station for both DeFi and NFT. Bakeryswap has many features such as trade, earning, NFT Marketplace, Launchpad, ...
Conclude
The ecosystem's foundation tokens are important pieces of an ecosystem that you should pay attention to, these can be long-term investment channels for you. The article is a summary of BSC ecosystem platform coins synthesized by Hay Mod Game , hope they will help you in the investment research process.