What is Binance?
Binance is a centralized exchange for cryptocurrencies and one of the largest in the world. The exchange was founded and registered in 2017. Beginning as an Ethereum branch, Binance established its own protocol in 2020, called Binance Smart Chain (BSC).
Binance uses KYC for legal reasons and has launched two cryptocurrencies, both internally developed, called Binance Coin (BNB) and BinanceUSD(BUSD).
Binance currently provides products such as Exchange, Academy, Binance Live, Charity, Card, Labs, Launchpad, Research, Trust Wallet, NFT, and Binance Gift Card. Binance currently provides services such as Downloads, Desktop Application, Buy Crypto, Institutional & VIP Services, OTC Trading, Referral, Affiliate, BNB, Listing Application, P2P Merchant Application, P2Pro Merchant Application, Historical Market Data, and Proof of Asset.
Grant size:
Varies on grant type
Founded:
2017
Location:
Varies
Token:
BNB
Website:
binance.com
Binance Smart Chain Accelerator Fund
Binance is open to funding a wide variety of projects, from beginners to expert teams. There is a variety of documentation, tutorials, and tools available to begin developing. Binance can also help by facilitating communication and linking between other developers and members of the community to discuss issues and share insights. Binance also offers scaling solutions for growing businesses and partners.
Application Process
To apply for a grant from the Binance Smart Chain Accelerator Fund, fill out an online form with the following data:
- Project Name
- Project URL
- Twitter URL
- Number of Weekly Active Users
- Category (many options in a dropdown list)
- Founders Email or Telegram
- Project One-LIner
- Development Progress of Project
- Deck URL
- Funding Expectation
- Referrals
Additional Grants
Different groups within the Binance ecosystem offer special grant programs for their own goals, such as:
- Binance X Fellowship – open-source commons in crypto.
- BSC Accelerator Fund – projects built on BSC.
- Blockchain for Inda Fund – Program Polaris.
- DappReview
- Trust Wallet
- WazirX
The Binance Blog also posts details about the additional grants such as the Polaris initiative, which is organized under the Blockchain for India Fund to support entrepreneurs and developers. It is unclear if the program is restricted to Indian applicants. The Polaris initiative is split into three sections:
- Polaris Kickstart Program – seeds 5-20k USD for early-stage innovative projects which are yet to produce a proof of concept or successful prototype.
- Polaris Blitzscale Program – seeds 20-100k USD for mature projects with a working prototype or real-world deployment.
- Direct Investment Program – investment and equity of 100k to 5 million USD to projects actively supporting the blockchain ecosystem.
Additional Information
Binance gives support to community developers with API documentation, GitHub Repository, and SDK, the official documentation for Binance Smart Chain and Binance Chain, FAQ for Developers, Trust Wallet documentation and GitHub Repository, and access to other Binance Open Platform APIs like Binance- Oauth, Access, Widget, Cloud, and Broker.
There is a weekly Newsletter, Telegram Groups, and Forums for cooperating with other community members. Events in which Binance will participate are also communicated. Binance APIs and development documentation is available online. Binance encourages to ‘BUIDL’ on the Binance Open Platform
Binance is an exchange and not a network or application platform itself, which means that the scope of projects which are funded by awarding grants is generally limited to ideas which are local to the exchange or directly impact the exchange. That does not mean that the exchange will not award a grant to other types of projects, but the chances of being approved are higher if the idea of the project is directly tied to the exchange in some way. This is in contrast to grants offered by protocols or networks and their Foundations, which are often open to funding a much wider variety of ideas or projects.
- Last updated October 30, 2022
Other grant programs
Interchain
Lisk
The Lisk Grant Program offers Javascript developers grants of up to 60,000 CHF for building Blockchain Applications with the Lisk SDK. In total, after all, four milestones are reached.
Ethereum
