Raising capital has always been important, especially in the early days of blockchain and DeFi projects. On one end, millions of small investors globally participate in coin offering events in the presale stages of DeFi projects.
More prominent institutions will invest in crypto projects through funding rounds to enable development and growth. As crypto and DeFi continue to grow, bigger investments will continue to flow into this space, strengthening individual platforms and even the crypto ecosystem as a whole.
Binance raises $2 billion from Abu Dhabi
Binance has appeared in the headlines for securing a $2 billion investment from Abu Dhabi-based MGX. Reports reveal that for the first time in its history, the Binance Network secured investment from an institutional investor.
This is the first-ever investment of this size to be made by an institutional investor in a crypto network in the form of cryptocurrencies, specifically stablecoin.
Beyond the investment’s behemoth size are even deeper implications. This investment in stablecoin is a stamp of approval for the Binance exchange and, by extension, the blockchain landscape.
It signals institutional approval of Binance and crypto activities. Since the government of Abu Dhabi founded MGX, its colossal investment in Binance signals the UAE’s strengthening of its position in the crypto space. As part of this investment, the Abu Dhabi-based company secured a minority stake in the Binance network.
Binance, already deeply accepted in the UAE with about 1000 employees representing 20% of its global workforce in the UAE region, now has new energy. The collaboration or relationship between Binance and the UAE just got stronger.
Meanwhile, BinoFi’s ICO sells nearly 20 million tokens
While Binance secures heavyweight institutional backing, another project, BinoFi, is already making substantial strides in the DeFI space. This relatively new project is already turning heads with its ongoing ICO event.
The ICO, whose first phase began just over a week ago, has attracted many investors. In the first 24 hours of presale round 1, BinoFi was able to sell about 3 million BINO tokens. Fast-forward to a few days later, and the token sales have surged towards the 20 million mark, all at $0.02. This means BinoFi is close to hitting half the first $800k targeted in presale phase one.
The second phase follows phase one, which targets selling 40 million tokens at $0.022. By the end of the presale period, BINO tokens will sell for $0.058. After the presale, BinoFi will list another chunk of the tokens to centralized and decentralized exchanges, including Coinbase, Kucoin, Crypto.com, OKX, UniSwap, Pancakeswap, and more, at $0.30.
BinoFi’s plan to distribute the 2 billion tokens is structured to provide price stability at TGE. This ensures early participants and long-term holders reap the benefits of holding the token.
When BINO is listed on exchanges, early investors will multiply their investments by 15x. With analysts predicting 50 to 100x gains, BINO could be the next millionaire-making token of the 2025 crypto market bull run.
Learn more about BinoFi:
Website: https://binofi.com
Whitepaper: https://whitepaper.binofi.com
Giveaway: https://giveaway.binofi.com
Telegram: https://t.me/binofilabs
Twitter: https://x.com/Binoficom
CoinMarketCap: https://coinmarketcap.com/currencies/binofi/
