Discover the latest BNB Chain (former BSC – Binance Smart Chain) tokens and projects to invest in from the most promising DeFi platforms, NFT marketplaces, gaming, and more.
Binance Smart Chain has quickly gained traction among developers and investors, with numerous projects sprouting up in its ecosystem.
It is known for its low transaction fees and high speed. This makes it an ideal platform for decentralized applications (dApps). Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem and is integral to the functioning of the BSC.
In this section, we’ll take a closer look at the top 7 BSC projects that are set to make waves in the cryptocurrency space.
What is Binance Smart Chain (BSC)?
Binance Smart Chain is a high-performance blockchain platform that supports the execution of smart contracts and decentralized applications. It was launched in September 2020 and has since gained immense popularity due to its fast transaction speed and low fees.
The BSC network is compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their dApps from the Ethereum blockchain to BSC.
What is Binance Coin (BNB)?
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem. It was launched in 2017 as an ERC-20 token on the Ethereum blockchain but was later migrated to the Binance Chain in 2019.
BNB is used to pay fees on the Binance exchange and is also used as gas for transactions on the Binance Smart Chain.
How to Determine the Best BSC Projects?
- Look for projects with strong fundamentals such as a solid development team, a clear roadmap, and a strong community.
- Projects that have a real-world use case and solve a problem in a specific industry are likely to have a better chance of success in the long term.
- Consider the tokenomics of the project, including the total supply, the allocation of tokens, and the use cases for the token.
- Look for projects that prioritize security, and have undergone multiple security audits.
- Projects with industry-established partnerships are more reliable and have higher chances of succeeding.
- Cryptocurrencies with high levels of liquidity and trading volume can easily be swapped.
Top 7 Binance Smart Chain Projects Reviewed
Now, let’s understand each of these 7 BSC projects and see what makes them so promising for the future of digital assets and blockchain projects.
1. PancakeSwap (CAKE)
PancakeSwap is the most popular BNB chain ecosystem project. It functions as a decentralized exchange platform that enables the swapping of BEP-20 tokens.
Its operations are based on an automated market maker (AMM) model. They operate differently from traditional exchanges that pair buyers and sellers. Instead, PancakeSwap executes trades by utilizing a liquidity pool.
As a result, users have the opportunity to trade BEP-20 tokens on this platform or add liquidity to the pool and earn CAKE tokens for their contributions.
Key Features of Pancakeswap
- Yield farming and staking opportunities
- Low transaction fees and high transaction throughput
- Low price slippage due to high liquidity
- Non-custodial platform, users have control of their funds
2. BakerySwap (BAKE)
BakerySwap is another popular DEX BSC project. It operates as an automated market maker and serves as a platform for non-fungible tokens.
Although several decentralized finance projects like SushiSwap and Uniswap already exist for token exchange, BakerySwap (BAKE) stands out as the open-source AMM blockchain project.
Besides, It also provides a launchpad and a marketplace for NFTs to facilitate users in buying and selling them with ease.
Key Features of BakerySwap
- Farm liquidity and earn rewards in the form of BAKE Tokens
- Swapping of a wide range of BEP-20 tokens with low fees and fast transaction times
- BakeryGallery for artists and digital art buyers
- Highly secure with audits, bug bounties, and partnerships with security firms
3. Venus Protocol (XVS)
Venus protocol is a decentralized finance (DeFi) money market that allows users to lend and borrow various cryptocurrencies.
It works by utilizing collateralized lending. This means that users can borrow cryptocurrencies by depositing other cryptocurrencies as collateral.
The platform supports a range of cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), and Binance Coin (BNB).
Key Features of Venus
- Built on BNB Chain for fast, secure, and low-cost transactions
- Competitive interest rates
- Non-custodial and decentralized lending platform
- XVS token holders can earn rewards and vote on protocol upgrades
4. MOBOX (MBOX)
MOBOX is a Defi project for gaming and non-fungible token (NFT) trading built on the Binance Smart Chain (BSC).
The MOMOverse universe consists of multiple games that are built on top of the MOBOX platform and are interconnected through a shared digital universe. The games include MOBOX Farm, MOBOX Arena, MOBOX World, and MOBOX Quest, each with its unique gameplay mechanics and rewards.
MOBOX Farm is for staking NFTs, and MOBOX Arena, is a battle game that allows players to earn rewards by competing against other players.
Key Features of MOBOX
- Liquidity mining and staking rewards
- NFT mystery boxes for stakers
- PvP battles and in-game currency
- Incentives for MBOX HODLers
5. SafePal (SFP)
SafePal is another promising project by Binance Labs. It is a secure and easy-to-use cryptocurrency wallet, that allows users to store, manage, and trade digital assets.
The wallet includes a multi-layer security system, which offers a combination of hardware and software solutions. The hardware wallet SafePal S1 is used for offline key storage, whereas its hot wallets are used for integration with dApps and assets swapping.
Key Features of SafePal
- Secure element chip for cold storage
- Unlimited crypto storage on 54 blockchains
- An affordable and portable device
- Non-custodial and low trading fees
6. Cream Finance (CREAM)
Cream Finance is a Decentralized lending protocol launched in August 2020. Its goal is to provide an open and accessible financial system for everyone.
It was launched on the Ethereum blockchain through a liquidity pool and subsequently went live on the Binance Smart Chain.
The platform has also integrated with other DeFi protocols such as Yearn Finance, SushiSwap, and Curve Finance. This provides users with more opportunities to earn rewards.
Key Features of Cream Finance
- Low trading fees and fast settlement times
- Community-driven governance model
- Swap pools and ETH2 staking
7. Altura (ALU)
Altura is a unique web3-gaming platform that provides powerful capabilities to developers to effectively incorporate web3 technology into their games. Developers can mint, combine, update, and trade blockchain-backed assets within the game.
Altura’s platform supports five blockchains including the binance smart chain. Its Smart NFT technology distinguishes itself by allowing NFTs to be updated rapidly and at no cost, improving the in-game experience for gamers.
Key Features of Altura
- Built-in NFT Marketplace
- Staking for ALU token holders (earn up to 8% interest)
- Complete decentralized protocol for web3 developers
How to Buy BSC Crypto on Binance Exchange?
Buying Binance Smart Chain (BSC) crypto is a relatively simple process:
- Create a Binance account and perform KYC verification.
- To buy BSC crypto, you will need to fund your Binance account with either cryptocurrency or fiat money.
- Choose the BSC cryptocurrency you want to buy. You can do this by using the search bar or by scrolling through the list of available cryptocurrencies.
- Now, you will need to place an order. You can do this by selecting the trading pair you want to use, such as CAKE/USDT, and then entering the amount of CAKE you want to buy and the price you are willing to pay.
- Confirm the transaction. Make sure to review your order details carefully before confirming.
- Once your order has been processed and confirmed, you will receive your BSC cryptocurrency in your Binance account.
Binance Smart Chain (BSC) is proving to be a powerful player in the cryptocurrency market, and the 7 Best BSC Projects we’ve discussed are poised for success in 2023 and beyond.
From decentralized exchanges (DEXs) to gaming platforms, these projects are driving innovation and pushing the boundaries of what’s possible in the blockchain space.
Due to low gas fees, high scalability, and developer-friendly SDK, we will see more innovative Projects in the future.
Why Invest in BNB chain coins?
Binance Smart Chain has a large DeFi ecosystem with various dApps offering yield farming, staking, lending, borrowing, and other services.
It also offers faster and cheaper transactions compared to other blockchain networks like Ethereum. This has led to an increase in the number of users and investors on the network, further increasing the potential ROI of BSC projects.
What exactly is a BSC Token?
BSC tokens are built on the Binance Smart Chain using the BEP-20 token standard, which is similar to the widely-used ERC-20 token standard on the Ethereum network.
The Tokens can be used for various purposes such as payments, governance, utility, and more within the BSC ecosystem.
Examples of popular BSC Tokens include Binance Coin (BNB), PancakeSwap (CAKE), Altura (ALU), and many more.
Where can I find more projects on other Blockchains?
We have a project page that features the latest and notable projects on different chains, such as Ethereum, Solana, Polygon, Cardano, Near, Avalanche, Celo, Fantom, Arbitrum and even Play To Earn projects.