In recent developments, BNB Chain announced its upcoming third BNB Incubation Alliance (BIA), set to take place in Singapore. Meanwhile, Bybit revealed the listing of Catizen (CATI) for spot trading, Zest Protocol launched a yield-based token BTCz, and Synthetix shared exciting news about its new SNAXchain on Optimism’s Superchain infrastructure. Here are the latest updates from these altcoins.
BNB Chain to Host Third BNB Incubation Alliance (BIA)
BNB Chain (BNB Coin) is set to host the third BNB Incubation Alliance on September 18, 2024, during Token 2049 in Singapore. The event aims to support emerging ventures and developers by providing them with a platform to showcase their projects to investors and industry leaders. It will feature multiple candidate projects, with Binance Labs and other venture capital firms serving as the jury.
Key topics will include DeFi innovation and Web3 gaming growth, and panel discussions on Web3 venture capital. Additionally, participants will gain fast-track access to the BNB Chain Most Valuable Builder (MVB) program, a sought-after opportunity for blockchain startups.
Bybit to Launch Citizen (CATI) Spot Trading on September 20
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Bybit, a major crypto exchange, announced the listing of Catizen (CATI) for spot trading, which will begin on September 20. Catizen currently boasts over 2.2 million Telegram Premium users and more than 2 million on-chain active users. It is one of the most widely adopted apps within the TON ecosystem. With its rising pre-market trading prices, Catizen has drawn significant attention from investors eager to participate in its upcoming listing on Bybit.
Zest Protocol Introduces BTCz Yield Token
Zest Protocol, a leading Bitcoin DeFi project, has officially launched BTCz, a yield-based token designed to offer Bitcoin holders new opportunities to generate capital income through Babylon Protocol. This launch reflects Zest’s commitment to enhancing the Bitcoin DeFi ecosystem, allowing Bitcoin holders to explore new income streams while the overall market sentiment remains uncertain.
Synthetix Working on SNAXchain for its Own Blockchain
Synthetix (SNX) is developing SNAXchain, its own blockchain built on Optimism’s Superchain infrastructure. The Synthetix team aims for SNAXchain to serve as a neutral hub for governance and protocol decisions as the platform expands across multiple blockchains and Layer-2 solutions.
The Optimism Superchain ecosystem uses optimistic rollups on Ethereum to reduce transaction costs, providing scalable solutions for decentralized applications. This new development could further boost user growth for SNAXchain, with Conduit and Wormhole partnerships enhancing cross-chain functionality and infrastructure. Other key blockchains in the Optimism Superchain ecosystem include Base, Mode, Zora, and Lyra.
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