Recently, I took the time to investigate some of the past projects that Binance has invested in, specifically focusing on those that have launched a token and how well those tokens have performed over time. Projects like Layer Zero, zksync, and $IO have shown strong performance.
Looking into the current Binance-backed projects that have yet to launch a token, there are three that stand out: Particle Network, Solayer, and Movement Labs. Particle Network is a leading Layer 1 solution aiming to unify all chains through Universal Accounts, offering seamless onboarding, wallet integration, and NFT market creation. Solayer, on the other hand, is a re-staking network on the Solana blockchain where users can stake SOL or other listed LSTs to receive Solayer LST.
Both Particle Network and Solayer have promising potential and are worth considering as investment opportunities. Particle Network has confirmed its token and is currently running an incentive testnet, while Solayer’s mainnet is already live for users to stake their assets. As Binance-backed projects, they are worth keeping an eye on for future developments and growth opportunities.
Original article published at: https://www.nigeriabitcoincommunity.com/binance-backed-projects/
