Slavicoins are built on the Binance Smart Chain (BSC) which is a blockchain network designed for the execution of smart contract-based applications.
History of SLAVICOIN
SLAVICOIN was originally founded and launched as $Elo by Ken the Crypto in March of 2021. Ken has been teaching his followers how to buy and sell crypto since the first bull run in 2017.
After he made his six figures in one-year trading cryptocurrencies, he started several businesses including a successful digital marketing agency. But most importantly, he is the first crypto influencer to develop and launch a coin on the Binance Smart Chain. While other founders were scared to show their face, Ken showed how a doxed owner can lead a community in Def. Because of the unrivaled transparency in the development of the cryptocurrency, the $Elo community outgrew the tokenomics of the original coin and migrated to $SLAVICOIN with better tokenomics for sustainable growth.
Benefits of The Binance Smart Chain in SLAVICOIN
There are many benefits that users now enjoy, thanks to the BSC’s structure. Primarily, Binance users now have direct access to DeFi features such as staking and farming. It built the BSC from the ground up to encourage developers to create and run these applications within the Binance ecosystem.
Smart Contract Support
Unlike its predecessor, Binance Chain, BSC supports the creation and running of smart contracts. Users can build their decentralized apps and digital assets with ease utilizing the network’s interface. Additionally, the BSC was designed to be compatible with the Ethereum Virtual Machine (EVM). This approach allows developers to deploy Dapps that It originally built on the Ethereum blockchain to the BSC without altering the core coding.
Cheaper
One of the main benefits achieved by the BSC integration is cost-effectiveness. Currently, Ethereum’s network is congested and experiencing record high GAS fees. Ethereum applications utilize GAS to complete instances of the EVM. This congestion directly equates to higher costs for the average user. In contrast, BSC users can conduct complex transactions for pennies. It’s these cost savings that have helped to drive more interest in the BSC.
Faster
The BSC was designed to be highly responsive. The network offers high performance and can conduct multiple transactions when it takes Ethereum users to complete one. For example, Ethereum is structured to approve blocks approximately every 5-minutes. In comparison, BSC is capable of producing a block every 3-5 seconds. Faster block times equal a more responsive network with more scalability.
Flexible
The BSC is far more flexible than the Binance Chain. The network is capable of cross-chain transactions such as atomic swaps. This functionality helps to improve the network’s decentralized exchange (DEX) capabilities. These transactions also play a vital role in helping to reduce congestion. The BSC was designed to offer access to all the latest DeFi features available to users. The network supports non-fungible tokens (NFTs), pegged coins, staking, farming, and P2P lending.
It's very important to remember that 100x started as a meme coin with 0 utility planned. It is from the continued support of the community that they are going to develop beyond this level. At the same time, there are the risks of adoption that come with any DeFi project. The team is mitigating those risks by focusing on values of transparency and sustainability when making decisions for all holders of 100x.
Detailed Information:
Website: https://www.slavicoin.io/
Telegram: https://t.me/SLAVICOIN_eng
Twitter: https://twitter.com/slavicoin
Youtube: https://www.youtube.com/channel/UC0jCrhTwKasiSB4mjApbmHQ
Whitepaper : https://f9154fc8-8fe1-42f9-b216-fd7f4df8548e.filesusr.com/ugd/b11093_aaf3008bedac4674a74494d155b0388d.pdf
Author :Jacqulynscherer
Profile : https://bitcointalk.org/index.php?action=profile;u=2898485
BSC Wallet: 0xCedff9e0618a1d45d2c15E1E1D4cFfCcE25a4352
