On May 14, the BLOC investment blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details platform announced a partnership with Binance to create a new cryptocurrency, MDAB TokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details, based on the BinanceChain blockchain protocol.
BLOC and Binance collaboration
The new collaboration was announced by BLOC on Twitter, as well as on the official Medium account page. In a press release to the new cryptocurrency, it is indicated that the BLOC company is committed to "strategic cooperation" with the Binance exchange in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details to create a BLOC token – MDAB Token. According to the information, MDAB Token will be developed under the BEP-2 protocol (Binance Chain). The total limit of MDAB coins created is 1,000,000,000 MDAB.
Interesting in the section: Description of the Binance exchange platform, the algorithm for creating an account
"We are pleased to announce that we have pledged to enter into a strategic partnership with Binance for the release of the BLOC token, MDAB Token on BinanceChain." – BLOC, Twitter.
As you know, BLOC is a platform for investment in "efficient" projects. The essence of the work of the BLOC blockchain platform is to help in matters of investing in high impact funds (not only for financial gain, but also for creating global social benefits).
Representatives of the BLOC platform also said that the project based on the Hyperledger Fabric, the Stellar Network, as well as on the BinanceChain, will become "fully compliant, high-quality and standardized fund service platform." In this case, the MDAB token as an internal coin will be available for use on the BLOC platform in order to simplify all actions on the platform.
A new cryptocurrency for funds, MDAB Token, will be launched based on the BinanceChain blockchain. Recall that the BinanceChain network was launched in April of this year and is one of the most ambitious projects of the Binance exchange.
Editor: Jerg Wos