Binance Chain Testnet Launchdate Unveiled

As reported by CEO, Binance Chain is a fork of the Tendermint, in which many things were cut off, including smart contracts
12 February 2019   667

The CEO of Binance announced the date of the upcoming launch of the Binance Chain test network, which is the basis of the Binance DEX decentralized exchange.

Binance Chain is built on the Tendermint protocol from the Cosmos Network project. According to Zhao, the architecture of this protocol is best suited for the tasks of the new site. The blockchain at the heart of Binance DEX will operate on the basis of the delegated share (Delegated Proof of Stake, DPoS) and the Byzantine Consensus (Byzantine Fault Tolerant, BFT).

Also, according to Zhao, Binance Chain is a fork of the Tendermint, in which many things are cut out, including smart contracts. This is done to increase productivity, which is more important for exchange tasks than an abundance of opportunities.

The platform interface will allow projects to release tokens based on Binance Chain and “carry out ICO effectively”, ​​attracting funds in BNB tokens.

Bibox Exchange to Conduct 4 IEO Simultaneously

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens and the IEO to be perfomed at Bibox's Orbit platform
19 April 2019   146

Bibox cryptocurrency exchange presented four projects that will conduct the initial exchange offering of their tokens as part of the first wave of IEO on April 22 on the Bibox Orbit platform.

  1. The Force Protocol (FOR) is a distributed protocol of crypto-financial services based on a public blockchain system, providing opportunities for cross-platform asset transaction and communication, use of crypto assets from several blockchains to provide steybcocoins, issue tokenized bonds, etc.
  2. Ludos (LUD) is a solution for a distributed gaming ecosystem designed to bring large-scale blockchain games and economic incentives to life.
  3. Staking (SKR) is a decentralized asset management platform that allows investors to safely stack tokens.
  4. X-Block (IX) is a computing system based on the blockchain architecture.

The allocation of tokens will be perfomed in the order of the lottery among holders of BIX tokens. Potential investors will be able to declare how many tokens of a project they want to purchase based on their BIX, after which a separate rally will be held for each of the projects.