Binance DEX is the decentralized crypto exchange that has helped multiple crypto assets rise in price.
Binance recently formed a partnership with MyWish, a smart contract platform.
Binance has continued to be the fastest growing crypto exchange, which is only further perpetuated by the launch of their many projects like Binance Launchpad. This platform allows companies to launch IEOs or initial exchange offerings. It has been so successful that it sold out a BitTorrent (BTT) token sale within 15 minutes, bringing in $7 million as the token’s price doubled. With an IEO for Matic Network’s token, MATIC, the launchpad’s support brought up the token’s price by 500%.
Soon after, Binance decided to launch Binance Chain, which is a blockchain with scalability and high capacity for transactions. After Binance Chain was ready, Binance decided to migrate their own token to the blockchain with a big announcement to the public. As a result, the market capitalization of BNB skyrocketed by 9,000%. Binance also launched Binance DEX, their own exchange on the blockchain.
Over the last six months, it is clear that Binance had developed a superior centralized exchange. With all of this support, the Binance DEX will likely have a bunch of success with the decentralized platform soon. With the potential that Binance DEX has, there have been a few projects that have already migrated to Binance Chain, which includes:
- Atomic Wallet (AWC)
- Now Token (NOW)
- Spendcoin (SPND)
- Mithril (MITH)
Mithril ranks at #161 with a market capitalization of $24,628,903, and its crypto asset quickly grew by 30% when it was listed on Binance DEX. The SPND token saw an increase of 300% in its token capitalization when it listed as well. Clearly, there is a connection between the increase of capitalization for the tokens that join the platform, which means that there is a good chance that the crypto community relies on Binance Chain and Binance DEX.
So, with all of this progress, the industry wants to know what’s next, which is MyWish Platform. The platform has just over $750,000 in market capitalization, and it is known for their tools for anyone to develop and manage their smart contracts, which solve actual issues in the user’s life. The company recently partnered with Binance and is looking to get listed.
The proposal for the listing has already been approved by the validators with Binance, and users will see it listed on the exchange by June 12th and will be able to trade it on the DEX. The platform already has over 100 projects and there are 5,500 smart contracts listed on the platform. According to a news report by Binance, the team with MyWish is a strong group of blockchain experts, offering a weekly report and maintaining their development deadlines consistently.
The fact that MyWish generates any kind of revenue is impressive for a platform already, and they were actually the first one to support smart contract creation with RSK on Bitcoin. To get more information about the upcoming path that MyWish has planned, users can view the whitepaper at here
By now, WISH is at #903, and the climb to have more users notice the token will require a lot of work. However, the massive achievements of this platform will finally be noticed by a larger group as the token gets the exposure of the Binance DEX. With just the listing on the exchange, MyWish is hoping to gain new users and a wider audience that will show the benefit of real-life use of smart contracts.
To learn more information about the MyWish platform, visit https://mywish.io/.
- Source: First Appeared Here
- Published Time: 2019-05-27 20:29:16
The views and opinions expressed in the article MyWish Smart Contract Project Joins Binance Chain Through Collaboration with Binance do not reflect that of 48coins, nor of its originally published source. Article does not constitute financial advice. Kindly proceed with caution and always do your own research.
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