Binance Introduces New Initiative “Binance X” for Blockchain Developers

In an effort to create several milestones as well as innovative platforms for the cryptocurrency community at large, leading crypto exchange, Binance launched today another initiative dubbed “Binance X” aimed at advancing developers’ ecosystem.

The new platform is set to facilitate developers with deals on blockchain technology, and will supposedly boost the massive adoption of digital currencies across the world. 

According to the Head of Binance X, Teck Chia, “The long-term goal of Binance X is to foster a thriving developer ecosystem that innovates on products and services that would advance the crypto ecosystem and contribute to crypto adoption.” 

Binance X is designed to help developers learn and collaborate with blockchain ecosystem, including the exchange-owned solutions such as Binance application program interfaces (APIs), its native public blockchain Binance Chain, and Trust Wallet software development kits (SDKs).

Interestingly, the initiative today connects developers to Binance X Fellowship, a platform that supports developers to create free and open-source software. It also allows for the development of new businesses and Innovations in the crypto economy.

As reported, the Binance X Fellowship platform already on-boarded 40 developers and projects from the different ecosystems, including JP Thorbjornsen of BEPTools, Hammad Tariq of GoBNB, Nikita Kozlov and Alexandr Safonov of BrowserBNB.

Binance X is coming in the “right time,” according to Chia, who further noted that there’s a high number of developer-facing products at Binance. Also, so many third-party developers are building different products on its platform.

Binance Leading With a Bang

Indeed, 2019 has been a big bang so far for Binance as the exchange has delivered several innovations in the crypto sphere within the course of the year. It is considered one of the crypto firms to launch many platforms in a short time.

Three days ago, Binance launched a new initiative dubbed “Binance Lending,” which aims at offering interest-earning opportunities for Binance Coin (BNB), Ethereum Classic (ETC) and stablecoin Tether (USDT).

The holders of these three cryptocurrencies will earn interest on their funds, which will improve their token balances, through the Binance Lending platform.

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