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Ben Antes
August 3, 2021
The market got hot the last couple of weeks of July, and I am looking to add some bullish positions to capture capital appreciation and yields.
The following picks have varying degrees of risk, and I urge you to do your own research and invest according to your risk preferences. Prices were noted at the time of writing.
ETH/BNB LP ($2547/$335)
Ethereum and Binance Smart Chain have emerged as the Decentralized Finance (DeFi) leaders in 2021. I don’t see why this would change, and I want in on the growth of both ecosystems. An easy way to accomplish this is through holding both cryptocurrencies together in a liquidity position. Pancakeswap currently offers an ETH/BNB yield farm with a 13.69% Annual Percentage Yield (APY). This return is more than enough to give my bullish pair a nice income boost while I hold and wait for the market to make its move.
Growth DeFi (Wheat) ($2.50)
Growth DeFi is a lesser-known protocol on Binance Smart Chain ecosystem with a modest 5 million dollars of Total Volume Locked (TVL). Wheat specifically has a market cap of just under a million. I was really sold on this project after I had an in-depth conversation with the head developer of Growth DeFi on the BSC News Podcast on July 31. The team is working hard to implement novel concepts to support the wheat price over the long term and is developing an ecosystem that provides a lot of excitement.
Wheat/BNB liquidity can be provided on ApeSwap and staked in the Growth DeFi vault for a juicy 167% APY, when writing this article. I will note that this position certainly carries risks due to the age of the platform, but I am looking forward to watching the team continue to build out its roadmap and ecosystem.
WallStreetBets DApp (WSB) ($0.0209)
As an avid Mirror Finance user on the Terra Blockchain, tokenized stocks get me excited. The WallStreetBets DApp is working closely with Mirror to bring tokenized stocks multi-chain, and that’s a concept I can’t help but get behind. They are nearing the release of an Ethereum application, and the timing is perfect with Uniswap’s recent delisting of Mirror Assets. I think WSB captures both the utility of tokenized stocks and the momentum of the Wall Street Bets movement with the perfect combination.
This play is a bit of an aggressive position, and the risks should certainly be considered. WSB token can currently be staked for an APR of 11.78% or paired with BNB in liquidity for 51%.
This is a paid Ask Me Anything (AMA), 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 AMA for $2000 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 AMA.
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.
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 $2000. 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 $2000. 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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January 28, 2022
Socios.com Sues Argentine Football Federation Over Binance Deal
Web3 crypto competitors have finally come head-to-head after a year long expansion into worldwide sports.
Socios Sues AFA
As Binance announced its partnership with the Argentinian FA in the past week, the news was not met with plaudits by Socios. Socios has filed a complaint against the footballing organization.
Judge María José Gigy Traynor of the Argentinian National Commercial Court ordered the AFA to honor three contracts previously agreed with Socios. The contracts in question were acquired and reported on by Coindesk’s Andrés Engler on January 27. In a statement to CoinDesk, the AFA had recognized the injunction but underlined its intention to appeal.
The AFA then began picking up on its own frustrations claiming:
- The Argentina token was not sufficiently promoted
- Several issues in the use of images of the national team and league
Socios has refuted these claims, notifying CoinDesk that they have made all outstanding payments to the AFA and have no obligations for further payment. A likely instigator for the payment squabble may come from the broad market drawback which has also seen the AFA token plummet by over 50% since the summer, according to CoinMarketCap.
Many speculate that what has precipitated the recent partnership between the AFA and Binance is potentially a higher offer that was otherwise not matched by Socios. The AFA has refuted this assumption, but Binance will do well to let this dispute play out while they remain in the background.
Whether these speculations will be confirmed is another matter, as the courts proceed to examine contractual obligations and seek to determine who is in the wrong.
BSC News will be following closely as the story develops.
What is Socios.com
Socios.com is the official crypto wallet and trading platform for some of the biggest sports teams in the world. The site is an innovative fan engagement platform that was created for the Chiliz blockchain. The Socios platform provides the owners of the fan tokens with access to voting rights in polls, VIP rewards, exclusive club, and sponsor promotions, AR-enabled features, chat forums, games, and competitions. Socios.com aims to introduce millions of new fans from around the world to the benefits of Fan Tokens in 2022 with new innovations, features, and rewards to be added throughout the year.
Follow Socios:
January 28, 2022
Babylons NFT Teams with Jigen for Luxury Fashion NFTs
The partnership would see luxury fashion NFTs come to the Babylons NFT marketplace in the future.
Babylons Secures Partnership With Jigen
Leading game aggregator and Non-Fungible Token (NFT) marketplace on Binance Smart Chain (BSC), Babylons, has partnered with Jigen to bring luxury fashion NFTs to its users.
Jigen offers a multi-chain ecosystem, enabling Luxury NFTs interaction in secondary markets like Babylons. Both protocols would merge to build the hype of fashion and luxury in the NFT space. Babylons took to Twitter on January 27th to announce the partnership deal.
“Babylons new partnership with @jigenapp. Jigen is the first #NFT gateway for fashion and luxury items in the #Metaverse and #gaming ecosystem. Jigen is an all-in-one solution for brands to bridge their business into the #blockchain space,” Babylons tweeted.
With Jigen, NFT enthusiasts and business owners would display their fashion items to the metaverse and gaming ecosystem. The partnership would ensure that Jigen users display their wearables and trade them on the Babylons NFT marketplace. In addition, the Babylons community would have the license to purchase exclusive Luxury NFTs, adding more utility to the Babylons’ $BABI token.
What is Babylons?
Babylons is a community-governed NFT marketplace on Binance Smart Chain for creators, investors, users, and collectors. The platform has many unique features, including its low-cost minting, weekly rewards, and a Decentralized Autonomous Organization (DAO) governance that puts the power in the community’s hands.
Where to find Babylons:
Website | Twitter | Telegram | Medium
What is Jigen?
Jigen is an NFT gateway for Fashion and Luxury items in the metaverse and gaming ecosystem. The protocol focuses on a three-point plan to build its brand, offer exclusive NFT drops through its Launchpad, and create custom NFT works for companies and projects.
Learn more about Jigen through the following links:
Dive Into DeFi: What Are My Top 3 Binance Smart Chain Picks for August?
The market got hot the last couple of weeks of July, and I am looking to add some bullish positions to capture capital appreciation and yields.
The following picks have varying degrees of risk, and I urge you to do your own research and invest according to your risk preferences. Prices were noted at the time of writing.
ETH/BNB LP ($2547/$335)
Ethereum and Binance Smart Chain have emerged as the Decentralized Finance (DeFi) leaders in 2021. I don’t see why this would change, and I want in on the growth of both ecosystems. An easy way to accomplish this is through holding both cryptocurrencies together in a liquidity position. Pancakeswap currently offers an ETH/BNB yield farm with a 13.69% Annual Percentage Yield (APY). This return is more than enough to give my bullish pair a nice income boost while I hold and wait for the market to make its move.
Growth DeFi (Wheat) ($2.50)
Growth DeFi is a lesser-known protocol on Binance Smart Chain ecosystem with a modest 5 million dollars of Total Volume Locked (TVL). Wheat specifically has a market cap of just under a million. I was really sold on this project after I had an in-depth conversation with the head developer of Growth DeFi on the BSC News Podcast on July 31. The team is working hard to implement novel concepts to support the wheat price over the long term and is developing an ecosystem that provides a lot of excitement.
Wheat/BNB liquidity can be provided on ApeSwap and staked in the Growth DeFi vault for a juicy 167% APY, when writing this article. I will note that this position certainly carries risks due to the age of the platform, but I am looking forward to watching the team continue to build out its roadmap and ecosystem.
WallStreetBets DApp (WSB) ($0.0209)
As an avid Mirror Finance user on the Terra Blockchain, tokenized stocks get me excited. The WallStreetBets DApp is working closely with Mirror to bring tokenized stocks multi-chain, and that’s a concept I can’t help but get behind. They are nearing the release of an Ethereum application, and the timing is perfect with Uniswap’s recent delisting of Mirror Assets. I think WSB captures both the utility of tokenized stocks and the momentum of the Wall Street Bets movement with the perfect combination.
This play is a bit of an aggressive position, and the risks should certainly be considered. WSB token can currently be staked for an APR of 11.78% or paired with BNB in liquidity for 51%.
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