The fastest growing cryptocurrency exchange Binance shows the successful implementation of its projects such as Binance Launchpad – an exclusive platform for conducting IEO. Where BitTorrent (BTT) token sale was completed in less than 15 minutes, received more than $7 million and the token price increased by 100 %. By the way, the price of the Matic Network (MATIC) token has grown by more than 500% after IEO.
Binance Chain and Binance DEX
Then, Binance launched own blockchain easily scalable with high capacity – Binance Chain. At the same time, Binance Coin (BNB) starts the migration to Binance Chain. During this announcement, the BNB rate with a capitalization of more than 4 billion dollars increased by 9000%.
Further, for trading Binance has launched an exchange on its blockchain – Binance DEX.
Thus, Binance has created the best-centralized exchange in the course of six months, and there is no doubt that Binance DEX will be the best-decentralized one shortly.
Therefore, certain projects have already migrated to the Binance Chain:
- Atomic wallet (AWC)
- Now Token (NOW),
- Spendcoin (SPND)
- Mithril (MITH)
The last one takes rank 161 and has $27,628,903 of Market Capitalization. In addition, the rate of the MITH coin has grown by more than 30% after listing. Another project achieved a 300% increase in SPND token capitalization. It is impossible not to notice that the migration and listing affect the growth of prices and capitalization. All this suggests that the crypto community makes their reliance on Binance Chain and Binance DEX.
Let’s see who is next to be on Binance DEX
The MyWish Platform with approx $750,610 of market capitalization is unremarkable at first glance. Let’s dive into the perspectives of this partnership.