September 10, 2020 Binance launches $100M development fund.

Binance, a leading China-based cryptoasset exchange, has announced the launch of a new initiative to encourage development atop its newly-launched Binance Smart Chain. Binance will back the initiative with $100M in funding, offering individual developers up to $100K each. The initiative will focus specifically on the development of decentralized financial applications on the Binance Smart Chain. Binance Smart Chain went live last week and incorporated Chainlink oracles shortly thereafter.