August 14, 2022

Why Are Binance Developers Working on a PooCoin stock Game

Why Are Binance Developers Working on a PooCoin stock Game

Why are Binance developers creating a PooCoin game?

The industry’s biggest problem has been the ability to employ cryptocurrency in games. This article explains how Binance, a cryptocurrency, is creating a game around their own token and how PooCoin is being used to incorporate dApp results as well as other gameplay mechanics on their platform.

Binance, one of the world’s largest and most well-known cryptocurrency exchanges, is working on a new game with PooCoin stock, a new cryptocurrency. The game, which is still in making, will be using PooCoin as its means of exchange and will be built on blockchain technology. In the future, Binance is looking into various ways to use PooCoins. The game’s purpose is to educate players on cryptocurrency and blockchain technology. Later this year, Binance plans to make the game available for free on its website. Players would be able to trade virtual products for PooCoins and compete against one another.

Binance CEO Changpeng Zhao expressed his enthusiasm for blockchain technology’s prospects and the possibility for games such as this to teach people about it. He went on to say that he believes PooCoins stock would be a hit since they are convenient and simple to use.

What exactly is poocoin?

Poocoin is a decentralized trading analytics platform. Poocoin stock is one of the few cryptocurrencies with a clear use case & value that investors and traders can rely on. Poocoin was the most popular Defi analytics program. This indicates that poocoin is obtaining the traction it requires to become a viable Defi platform. To use this blockchain, users must first obtain poocoin tokens. Continue reading this article to learn more about what poocoin is and how it works. Then buckle up as we get started. The developers of Binance are building a game with PooCoin stock as the in-game currency. Players can use PooCoins to buy items and services in the game.

What Was the Origin of PooCoin stock?

In the DeFi sphere, Ethereum and DEXs like UniSwap (UNI) sparked a revolution. Traders could instantaneously exchange Ether for ERC-20 tokens and vice versa. The issue was that traders couldn’t use CoinGecko or CoinMarketCap to track real-time buys & sells for their tokens. Thus they had to keep checking the block explorers.

A DEX monitor displayed every selling and buying for each and every contract on the Ethereum network was required. DexTools featured proper charting with buy/sell analytics, but at the time, it didn’t enable BSC. In Q1 2021, as BSC became known for its low fees, the network needed its own form of DexTools to display real-time metrics for BSC contracts. PooCoin was created as a replacement for the PancakeSwap token analytics protocol.

With over $6 billion in value locked, PancakeSwap is the biggest and the most liquid DEX just on the BSC network. The issue is that PancakeSwap is frequently late in indexing new purchases and sales, and the pricing shown on PancakeSwap may be several hours more than behind. PooCoin addressed this by incorporating core analytics straight from the BSCscan block explorers into their application. They were able to greatly speed it up pricing indexing on BSC and display real-time transaction data for each contract on the network.

Where Can You Get Your Poo Coins?

Binance engineers are using PooCoin stock to create a game. “PooPooPalooza” is the game’s name, and this will be released in the following months. PooCoin stock is a virtual currency that may be used in games. Players can use PooCoins to buy goods and power up their characters. Binance has also announced that a part of the PooCoins stock collected through the game would be donated to charity.

Crypto Market vs. Altcoin Market

Cryptocurrencies are becoming increasingly popular and valuable, and new ones are being developed all the time. Some people, however, believe that the bitcoin marketplace wasn’t as fair as the stock market. Some even say cryptocurrencies are nothing but a Ponzi scam. Binance is a Chinese cryptocurrency exchange that has grown to become one of the world’s largest. Changpeng Zhao, Binance’s CEO, has indicated that he intends Binance to be the “unicorn” of exchanges, a company that can constantly increase revenues and worth over time. So, in addition to trading cryptocurrency, Binance is exploring new ways to make money.

Binance intends to make money in part by developing a game called “Binance Coin Legends.” Players will be able to wager on different games within the game using blockchain technology. Players would be able to wager on topics like who would win the match, score the most points, and score the first goal. Tokens will be associated with the game, which could be used to buy things within the game.

Conclusion

With over 10 million registered members, Binance is the world’s largest blockchain and cryptocurrency exchange. They’re presently working on the new game called ‘PooCoin stock,’ which will use the Binance Coin as its foundation (BNB). This article will give a closer look at what this game is about and why creators are so enthusiastic about it. 

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