From the perspective of the characteristics of the public chain, why do high-quality projects choose BNB Chain

Stocks can show certain characteristics or laws in the long-term operation, just like a person's personality, for this reason we call it "share nature". In other words, stock nature is an exogenous characteristic of stocks, which is endowed by the behavior of investors. This rule applies not only to stocks, but also to public chains in the encrypted world. For example, Ethereum was once called the rich chain because of its high transaction fees.

and stock Shares are different. The characteristics of the public chain are composed of the physical characteristics of the public chain itself and the characteristics of users who use the public chain, and the latter has a greater influence.

If you carefully study the encryption project It will be found that the characteristics of the public chain play a decisive role in the success or failure of the project. For this reason, this article will explain why high-quality projects choose BNB Chain from the perspective of public chain characteristics, and how BNB Chain attracts many high-quality projects.

From Solana first to BNB Chain first, only 3 days

Gameta is a Web3 gaming platform originally created on the Solana network. Gameta mainly provides infrastructure and distribution services for casual games, thereby attracting more gamers from Web2 to Web3.

On the Solana network, Gameta took several months to reach the top of the game chart from 0. According to DappRadar data, the Gameta Solana network has approximately 31,000 daily active users.

After completing the Solana network summit After that, Gameta migrated to BNB Chain on August 27th.

3 days after migration, Gameta soared to the top of the BNB Chain game list. Data shows that 48 hours after the migration, Gameta added 35,000 new users. In a 7-day period, Gameta saw a 486.73% increase in users and a 203% increase in transactions. According to the latest data from DappRadar, Gameta’s MAU reached 1.63 million monthly active users.

Original image source: DappRadar

Gameta is just one of many projects that have migrated from other public chains to BNB Chain. From the most basic data, it is not difficult to understand why many high-quality projects migrated to BNB Chain. Compared with other public chains, BNB Chain has a higher ceiling, and Gameta has acquired more users in BNB Chain in 3 days than it has worked on Solana for several months. Moreover, high-quality projects that can achieve excellent results in other public chains have no barriers to enter the BNB Chain.

The characteristics of the public chain determine the ceiling of the project

BNB Chain's high ceiling is a result not a cause. Why the ceiling of BNB Chain is higher than other public chains requires us to conduct a more detailed analysis.

As mentioned above Yes, a large part of the characteristics of the public chain comes from the characteristics of users who use the public chain. For a project, choosing a public chain is more like choosing users on the public chain. Judging from the feedback from Gameta, users on BNB Chain have a group of experienced users. In other words, they are a group of users who are not exposed to the blockchain for the first time. Among this group, more than 39% of users have rich experience in blockchain games. At the same time, they like new content and can get started quickly.

BNB Chain’s user characteristics mean The ceiling of innovative high-quality projects will be higher than other public chains. Of course, in addition to user features, the efforts of BNB Chain itself are also required.

BNB Chain is compatible with most mainstream Technology, project adaptation and construction are more convenient and faster, and there is no need to spend time and energy on user education. For users, the cost of learning is low, and it is quick to use. Gameta  said after migrating to BNB Chain that most of Gameta's users are mainstream mobile game players, and BNB Chain allows the team to efficiently link on-chain activities with users' gaming habits without too much interference.

From the success of Gameta, we can see The characteristics of the public chain are so important to the project. And how did the characteristics of the public chain come about? To this end, we will continue to explore the mysteries of the birth of BNB Chain features.

All-round support

In fact, every successful public chain has the support of the founding team behind it. Just like ConsenSys sold a large amount of ETH in the early days for the construction of the Ethereum ecosystem. The same is true for BNB Chain, except that, compared with other public chains, BNB Chain can provide more help and cover more complete details.

Build on BNB Chain from many According to the public information and interviews of the above project, the official BNB Chain team supports the project in all aspects, including technology, ecosystem, marketing public relations advice, token economy design, AMA support, etc. Gameta said that BNB Chain has given abundant resources to help the project, and coordinated Gameta's relationship within the BNB Chain ecosystem, expanding Gameta's services and user horizons. At the same time, BNB Chain gave Gameta a gas fee discount of up to 100% in the first 3 months to help the project develop in the long term.

As the most active public One of the chains, the BNB Chain official team has more advantages in being familiar with the whole process of project operation and controlling the details. Through cooperation with a large number of projects, the BNB Chain team has long been familiar with issues such as how to capture users by maximizing the value of the token economy, and how to conduct targeted marketing. This is one of the reasons why many high-quality projects like to build on the BNB Chain.

For older projects, BNB Chain is also supported by the Most Valuable Builder (MVB) incubation program. Beginning in February 2021, BNB Chain and Binance Labs have jointly organized the MVB Incubation Program, which has been successfully held for 5 seasons so far. Familiar projects such as PancakeSwap, WOO Network, and Project Galaxy stand out from the MVB plan.

For projects participating in the MVB program , BNB Chain and Binance Labs will conduct 6-8 weeks of BNB eco-tailored training for the project team. High-quality projects also have the opportunity to receive investment from Binance Labs.

The success of BNB Chain is not only It only relies on the support of Binance, but it is the result of multiple efforts. The BNB Chain team fully supports the development of high-quality projects, and high-quality projects attract a large number of users to participate. A large number of users has opened up the imagination space of high-quality projects, thus attracting other high-quality public chain projects to migrate to BNB Chain. Finally, the aggregation of high-quality projects and users builds the characteristics of BNB Chain.

The development of BNB Chain is public Chain development provides a set of templates. The public chain needs its own characteristics, but this characteristic is the result of the joint efforts of users, teams and projects, and none of them can be dispensed with.

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