• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My TechDecisions

  • COVID-19 Update
  • Best of Tech Decisions
  • Topics
    • Video
    • Audio
    • Mobility
    • Unified Communications
    • IT Infrastructure
    • Network Security
    • Physical Security
    • Facility
    • Compliance
  • RFP Resources
  • Resources
  • Podcasts
  • Subscribe
  • Project of the Week
  • About Us
    SEARCH
Latest News

BOSAGORA Links With Binance Smart Chain Taking a Big Step in the Expansion of DeFi

March 29, 2021 TechDecisions Staff

SEOUL, South Korea–(BUSINESS WIRE)–#BOACoin–Public blockchain platform BOSAGORA announced on the 29th that the company is linking BOA with Binance Smart Chain (BSC), the blockchain platform of Binance, which is the world’s largest cryptocurrency exchange.


Binance Smart Chain is one of the most popular platforms in the industry recently and is a blockchain platform developed by Binance to expand the Binance ecosystem by discovering promising projects through Smart Contracts. Only a few validated nodes are designed to create blocks, resulting in lower gas fees and faster transaction speeds compared to Ethereum. It is also compatible with other platforms such as Ethereum Virtual Machine (EVM) and can utilize various solutions.

The Binance Smart Chain launched in September 2020 and has been growing rapidly with more than 180 promising projects such as DeFi (Decentralized Finance), NFT (Non-Fungible Token), and DEX (Decentralized Exchange).

BOSAGORA has newly issued 400,000 BEP-20-based BOAs to link them with Binance Smart Chain. As a result, 400,000 BOAs based on the existing ERC-20 were frozen in lock-up accounts to prevent the overall issuance from changing.

The newly issued BEP-20-based BOA plans to open a pool of liquidity in pairs of BOA/BNB on PancakeSwap, the largest DEX with the highest liquidity and usage in the Binance Smart Chain.

In particular, BOSAGORA will expand its ecosystem to the area of DeFi by participating in PancakeSwap. This is significant as BOA’s ecosystem continues to expand following the recent business model announced by BOSAGORA T-Fi (True Finance), which bridges blockchain and traditional economies.

This link will also allow BOA holders to use various services within the Binance Smart Chain ecosystem. In the long run, it is expected that all BEP-20 token holders on the Binance Smart Chain, including BNB, will be able to use T-Fi.

Kim In-hwan, the president of BOSAGORA mentioned “Expanding interoperability through connections with various blockchain networks will be an important factor in becoming competitive in the rapidly changing blockchain market. We expect BOA to increase its value through linkage with Binance Smart Chain, the world’s largest exchange.”

Meanwhile, BOSAGORA is planning to release CoinNet within the third quarter and will develop Trust Contracts in the network after the launch of CoinNet to help developers build their own Dapps and play an active role.

Contacts

BOSAGORA

Matthew Kim

matthew.kim@bosagora.io

Related Content:

  • Akumina Announces 86% Year-over-Year SaaS Bookings Growth as…
  • Skykit Survey: Sharing Data Dashboards Broadly with Employees…
  • Insight Cuts Ribbon on New Global Headquarters
  • Keysight Enables AI-LINK to Accelerate 5G Private Network…

Get the FREE Tech Decisions eNewsletter

Sign up Today!

Latest Downloads

Shadow IT
Blueprint Series: How to Reduce Shadow IT

The distributed work model gives employees the flexibility they demand, but it can lead to shadow IT and introduce unnecessary security risk. Resea...

Hybrid Work webinar
Featured Webcast: Collaboration 2.0 — Where Are We Now?

In this webinar, subject matter experts discuss the transformation of the workplace, the rise of hybrid workers, the importance of open connectivit...

guide to end user training cover
Pro Tips for Conducting End User Training

Effective trainings are the glue that can make the difference following a new technology implementation that your team has spent so much time, effo...

View All Downloads

Would you like your latest project featured on TechDecisions as Project of the Week?

Apply Today!
Sharp Microsoft Collaboration HQ Logo

Learn More About the
Windows Collaboration Display

More from Our Sister Publications

Get the latest news about AV integrators and Security installers from our sister publications:

Commercial IntegratorSecurity Sales

AV-iQ

Footer

TechDecisions

  • Home
  • Welcome to TechDecisions
  • Subscribe to the Newsletter
  • Contact Us
  • Media Solutions & Advertising
  • Comment Guidelines
  • RSS Feeds
  • Twitter
  • Facebook
  • Linkedin

Free Technology Guides

FREE Downloadable resources from TechDecisions provide timely insight into the issues that IT, A/V, and Security end-users, managers, and decision makers are facing in commercial, corporate, education, institutional, and other vertical markets

View all Guides
TD Project of the Week

Get your latest project featured on TechDecisions Project of the Week. Submit your work once and it will be eligible for all upcoming weeks.

Enter Today!
Emerald Logo
ABOUTCAREERSAUTHORIZED SERVICE PROVIDERSTERMS OF USEPRIVACY POLICY

© 2022 Emerald X, LLC. All rights reserved.