Binance coin (BNB) has become one of the most important and fastest-growing cryptocurrencies since its inception. The coin is used for paying for the transaction fees on the BNBChain, which is touted to be the largest blockchain network after Ethereum.
Binance and BNB were founded in 2017, followed by BSC three years later. Along with Binance, BSC has grown in popularity. BSC was established around the time that the DeFi movement was getting momentum. As common good in different financing solutions grew, so did the amount of blockchain applications.
In this blog, we will be highlighting the top projects operating on BNBChain projects with the highest bullish sentiment:
RichQuack is a hyper-deflationary meme coin with a massive supply of 100,000,000,000,000,000. (100 quadrillions). It is also creating a launchpad and incubator for other projects, with QUACK holders voting on which projects advance and receive rewards, as well as early access to their ICOs and IDOs.
PancakeSwap is a BNB Chain native decentralized exchange. In other words, it is similar to established platforms such as UniSwap in that users can swap their coins for other coins without the involvement of a middleman.
PancakeSwap isn’t just for traders. You can also serve as a liquidity provider (that is, you can stake tokens in a liquidity pool for the chance of earning a share of trading fees paid by those trading against the pool in question). Yield Farming is another money-making opportunity on PancakeSwap. You can use this to farm for a token called CAKE.
Baby doge coin is intended to become scarcer over time as a hyperinflationary token. Unlike some crypto teams, which simply destroy coins to reduce the number of coins in circulation, baby doge adds coins to holders’ wallets with each transaction, and some coins are added to the decentralized exchange PancakeSwap as part of a liquidity pair.
Redistributions are also made to charitable partners. The organization behind the baby dogecoin has made a donation of over $750,000 to The Humane Society, ASPCA, Paws with Cause, the North Shore Animal League, and other dog-related charities, according to the baby doge website.
FLOKI is a hyperinflationary coin with an auto-burn feature. Its liquidity is also locked in for 265 years on the Ethereum blockchain and the BSC blockchain. The maximum supply of FLOKI tokens is set at 10 trillion, with 9 trillion tokens currently circulating on the market.
Floki is constantly strengthening its utility and partnerships. CertiK, a blockchain security company, and Wintermute, a leading cryptocurrency market maker, are among its partners. It has also launched a television campaign in the United States and Turkey, as well as a partnership with Formula One team Alfa Romeo, increasing its exposure to millions of people.
Safemoon is a cryptocurrency, which are digital currencies that only exist online and are intended to be used as a medium of exchange. Safemoon, like other popular cryptocurrencies such as Bitcoin and Ethereum, is based on the distributed ledger technology known as a blockchain.
It was released in March 2021 and gained popularity after its price surged in April of that year. It has since lost almost all of its value, falling nearly 99 percent since its peak in April 2021. It was created to reward long-term holders and charge sellers a 10% fee, with a portion of that fee returned to existing holders.