Why does Binance Chain always change its name?
Why does Binance Chain always change its name? According to blockchain security
Why does Binance Chain always change its name?
According to blockchain security organization PeckShield, since Binance launched Binance DEX in November 2018, the number of users who have recharged their accounts has exceeded 20,000. However, various new names such as “recharge,” “trade,” and “withdrawal” have emerged since early 2017. So how did these new names come about? In fact, they were created to provide users with a better experience and attract more investors to participate.
Below, we will analyze the relationship between the cryptocurrency exchange Binance Chain, BNB Chain, and Binance Chain with the numbers one, two, three, four, six, seven, eight, and nine.
1. Binance Chain is one of the earliest companies established and operated in China. It registered its own Binance Chain account in June 2017. 2. 1inch is a major product under Binance, while 1INCH is the platform’s token. 3. The concepts of 4x leverage and contract gameplay were created by the Binance team. 4. The concepts of 5x leverage and contract gameplay were also introduced by Binance. 5. 1inch is a fully decentralized futures protocol that allows all exchanges to have access to fiat currency. Binance has enough people working on this business, so it is not just about making money; it is also a great source of revenue.
2. Binance’s liquidity providers earn profits by recharging the Binance Wallet and receiving rewards. Binance’s liquidity providers mainly earn rewards by recharging tokens into the wallet or directly depositing funds into it. For example, you can use 1INCH or 1USDT to earn rewards, or you can directly deposit assets into your investment account, or benefit from lending tools like 1AC.
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