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Binance Co-Founder Yi He to Lead Binance Labs
August 9, 2022
MINS
Binance appoints Co-Founder He to head its venture capital and incubation division.
‘Establishing Blockchain Industry Standards’
Leading crypto exchange Binance has appointed Co-Founder He Yi as the head of Binance Labs, its venture capital and incubation division. With this new appointment, 36-year-old He will be responsible for Binance Labs’ global strategy and day-to-day operations. Binance Labs currently manages about $7.5 billion in total assets, making it the largest crypto-asset venture capital firm in the industry.
On the first of June, Binance Labs closed a $500 million investment fund with partners including Breyer Capital, Whampoa Group, DST Global Partners, and more.
The investment fund is to cover all areas of the cryptocurrency sector and will be distributed to projects under three stages of investment: incubation, early-stage venture, and late-stage growth.
According to a press release from Binance, He stated that their vision is to promote the popularization of Web3 and blockchain technology by “establishing blockchain industry standards,” and Binance Labs will also focus on investing in more capable, long-term-minded pioneers and shapers of the industry’s future.
He will continue to lead and support key Binance businesses and departments, including customer service, institutional business, marketing, Binance C2C and Binance Wealth Management.
What Is Binance Labs:
Binance Labs is created with the objective to identify, invest and power blockchain entrepreneurs, startups, and communities by providing financial resources to industry projects thus enhancing the growth of the blockchain ecosystem.
Learn more about Binance Labs:
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Chainlink Launches Staking v0.2 With Exclusive Migration Window for Early Adopters
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November 29, 2023
Accoriding to the Chainlink team, the upgrade, known as Chainlink Staking V0.2, brings a range of enhanced features and opportunities for community members and node operators.
Chainlink Unveils Staking V2
Chainlink has introduced the latest upgrade to its native staking protocol with the launch of Chainlink Staking v0.2.
As per a press release, existing v0.2 stakers can migrate their staked LINK and accrued rewards starting Nov. 28 until Dec. 6. This nine-day Priority Migration phase reportedly guarantees a seamless transition for early participants.
As of December 7 at 12PM ET, LINK token holders meeting predefined eligibility criteria gain exclusive access to staking during a four-day period before General Access. From December 11 at 12PM ET, the opportunity extends to all, provided the pool limit has not been reached.
Community Stakers can engage with a minimum stake of 1 LINK and a maximum of 15,000 LINK during both Early and General Access, though entry is not guaranteed due to the capped pool size. Node Operator Stakers, on the other hand, can stake between 1,000 LINK and a maximum of 75,000 LINK.
The capped 45,000,000 LINK pool at the launch of Staking v0.2 includes an allotment of 40,875,000 LINK for community members. The remaining allocation caters to Chainlink node operators currently serving Chainlink Data Feeds.
According to Chainlink's recent statement, the introduction of Staking v0.2 is in line with Chainlink Economics 2.0, emphasizing the cryptoeconomic security of the Chainlink Network and bringing new improvements and features.
Last December, Chainlink launched staking v0.1. In the first phase of Chainlink Staking, a staking pool was established to secure the ETH/USD Data Feed on the Ethereum mainnet. Its initial cap was 25 million $LINK, 2.5% of the total supply.
$LINK is trading at $14.7, up 4.37% in the last seven days, with a marketcap of $8.2 billion.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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