Binance announces the launch of its $1 billion fund with an aim to boost the adoption of its Smart Chain, which was launched in September 2020.

According to the company, this is “the biggest funding program of its kind in the whole cryptocurrency industry”, which not only will push the adoption of its Binance Smart Chain’s (BSC) adoption, which has over 1 million daily active users, but also the whole blockchain industry.

The fund will be divided into four categories, with $100 million allocated for talent development, and for the liquidity incentive program each, $300 million for the builder program, and $500 million for the investment & incubation program.