Terra projects may choose to build on the BNB Chain.

Published on:

Last Updated on May 19, 2022 by Bitfinsider

Following this month’s unraveling of the decentralized finance (DeFi) infrastructure and its algorithmic stablecoin, Binance will welcome migration and promote projects from the Terra (LUNA) ecosystem.

In the aftermath of the biggest black swan event to impact the cryptocurrency world in recent years, BNB Chain has committed to giving finance and help to projects that are considering migrating from the Terra ecosystem.

The BNB Chain Fund provides prospective enterprises with $1 billion in funding and grants to operate within the BNB Chain ecosystem. The Terra team is committed to assisting companies migrate from the Terra ecosystem by providing further network, tokenomics, and marketing help, as well as business growth.

Binance isn’t the only cryptocurrency company that is assisting Terra’s ailing initiatives. Telos also stated this week that it will support Terra ecosystem developers and initiatives, as well as invest in, promote, and provide technical assistance to Decentralized Applications that were previously running in the Terra environment.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related