Binance unveiled a new investment platform

• Binance unveiled a new investment platform
• AfDB invests $20m in Africa’s renewable energy

In order to provide investors with a 3% daily percentage return, Binance is launching a brand-new cryptocurrency investment called Binance Smart Chain.

The three percent daily proportion, according to the investment firm, was only accessible to clients who participated in its presale.

BSC Stake was a staking program based on Binance Smart Chain and audited by Coinratecap, according to a statement made by the company. The business added that there were 500,000,000 tokens in total supply.

According to the statement, users who participated in the presale will be whitelisted and eligible to receive a daily profit for eight months. It was clarified that individuals who had been whitelisted could automatically withdraw money each day in Binance USD, a virtual currency that complies with the exacting standards of the New York State Department of Financial Services.

User-staked tokens wouldn’t be impacted by inflation unless they were unstacked, the statement noted. The firm’s goal was to boost investors’ revenue through staking, according to another statement that goes as follows.

“All staked tokens are distributed to borrowers as well as utilized on our liquidity pool,” the statement reads. With the use of Ox technology, BSCS will introduce an aggregated liquidity dex that will let users swap tokens for a very cheap fee.

“We pay rewards from fees paid by the borrowers when your token is staked and the fees generated from liquidity dex. 75 percent goes to stakers, 25 percent goes to maintenance.”

AfDB invests $20m in Africa’s renewable energy

The African Development Bank Group’s Board of Directors today approved a $20 million equity investment in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that will invest $400 million over 10 years in renewable energy and resource-efficient assets in sub-Saharan Africa.

A fund manager with more than 15 years of experience, Inspired Evolution Investment Management has a track record of putting more than $310 million into renewable energy projects in African nations. The fund manager has produced 21 renewable energy projects totaling 2 GW in generation capacity through its previous funds.

With North Africa, many SSA nations, and decentralized energy business models as the focal points of climate mitigation and energy transition, EVIII wants to expand its geographic and technological scope.

Continue Reading: AfDB invests $20m in Africa’s renewable energy