Skycoin and Binance: A Strategic Cooperation Agreement
On May 24, 2018, Skycoin trading was formally launched on Binance. The exchange has already launched three trading pairs: SKY/BNB, SKY/ETH, and SKY/BTC.
Today the Skycoin team is pleased to announce that Skycoin has entered a strategic partnership with Binance which will enable the Skycoin ecosystem applications to support the use of BNB, the Binance platform token.
Skycoin will support BNB in a number of ways:
1. The Skycoin software wallet (desktop and mobile versions) and hardware wallet will support the storage and circulation of BNB. Users can conduct direct transactions between the Skycoin family of coins and BNB in the wallets.
2. BNB will become one of the circulated currencies in the Skywire network. As seen here, Skywire is Skycoin’s decentralized internet which aims at building a faster, cheaper and more convenient incentive network to provide higher quality services than the current Internet. It is a peer-to-peer distributed encrypted mesh network, which means it protects privacy, security and independence. More importantly, Skywire strives to build the Internet for the future and bring equality to it. Skywire testnet has just been released to the public.
3. A game developed on Skycoin’s Fiber blockchain platform called KittyCash (http://www.kittycash.com/home) will accept BNB as a form of payment. Within KittyCash you can own unique kitties and complete game transactions on the Skycoin blockchain.
4. BNB payment and circulation will be adopted in all future applications developed within Skycoin to strengthen our ongoing partnership.
Skycoin is a project established over the past 7 years, founded by one of the early bitcoin contributors, and is based on the latest blockchain technology. It is not simply a coin but a complete ecosystem including Skywire, a decentralized mesh network, built upon Fiber, Skycoin’s own blockchain, CXO storage system, and the Skyminer, a hardware product powering the network.
With a capacity to handle 1.4 million orders per second, Binance is a world-leading crypto exchange and one of the fastest growing exchanges in the world. The team behind Binance is an efficient, pragmatic, top-notch team in the industry, committed to seeking deep technical and high-quality projects for in-depth cooperation. They have established an industry-wide trend that focuses on safety, stability, speed, and high liquidity, making it the most popular crypto-asset exchange for retail investors and professional traders.
BNB is a token of the Binance exchange, as a core part of the ecological layout of Binance. The cooperation with Skycoin adds new applications for the BNB ecosystem.
As the top digital currency trading platform, Binance will provide Skycoin with a greater market exposure so that more people can join the Skycoin ecosystem and at the same time encourage further development of this leading technology in the industry.
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