{"id":491007,"date":"2021-05-11T07:13:55","date_gmt":"2021-05-11T11:13:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/"},"modified":"2021-05-11T07:13:55","modified_gmt":"2021-05-11T11:13:55","slug":"bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/","title":{"rendered":"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets"},"content":{"rendered":"
\n

SAN JUAN, Puerto Rico, May 11, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (www.beadswap.org). Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets.<\/p>\n

The company recently announced the purchase of 50% ownership in the Ethereum based Beadswap and a related 50% interest in 8.1 trillion Beadswap coins (crypto:BEAD) generated on the Ethereum blockchain and listed on Beadswap.me.\u00a0 These coins will now be exchangeable between the Ethereum and Binance based protocols.<\/p>\n

\u201cWe were attracted to the carefully designed Beadswap knowing that similar decentralized exchanges such as Uniswap enjoy a market cap of more than 10 billion USD with smaller upstart competitors to Uniswap quickly reaching more than 1 billion in market cap after launching as well as the plan to expand Beadswap to include the Binance Smart Chain which now, as a result also competes with the ($6 billion market cap) Pancakeswap. <\/p>\n

About Binance Smart Chain<\/p>\n

According to Werner Vermaak<\/a><\/p>\n

\u201cBinance Smart Chain is a new platform that aims to lower transaction costs and provide a space to create DApps and other DeFi products \u2014 how does it work? Binance Smart Chain (BSC) is a blockchain<\/u> network built for running smart contract-based applications. BSC runs in parallel with Binance\u2019s<\/u> native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.\u00a0<\/p>\n

\u201cFurthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM)<\/u>, which allows it to run Ethereum-based applications like MetaMask<\/u>.<\/p>\n

\u201cThe aim of the platform is to enable developers to build decentralized applications (DApps)<\/u> and help users manage their digital assets cross-chain with low latency and large capacity.<\/p>\n

\u201cBinance Smart Chain has made immense traction in early 2021 so far partly thanks to Ethereum\u2019s congestion and gas fee issues, which has caused developers and staking investors to look for other options. The BSC community made the network even more appealing to new users as a cost-effective and stable alternative, by lowering its gas fee from 15 Gwei to 10 Gwei to counter Binance Coin (BNB)\u2019s insane price jump to over $300 in February.\u00a0<\/p>\n

\u201cHere are some of the attributes of BSC:
\u200d<\/p>\n

\n \u201cIndependent Blockchain<\/b>\n <\/p>\n

\u201cWhile it runs in parallel with BC, Binance Smart Chain is a standalone blockchain. This means that even if BC stops operating, BSC will continue to run its technical and business functions.<\/p>\n

\n \u201cEthereum-Compatible<\/b>\n <\/p>\n

\u201cSmart contracts, which are Ethereum-compatible, are supported by BSC. Through this feature, developers can build<\/u> or migrate DApps, tools and other ecosystem components on the BSC network without much friction.
\u200d<\/p>\n

\n \u201cSupports Staking and Community-Based Governance<\/b>\n <\/p>\n

\u201cThe platform runs on a proof-of-stake (PoS)<\/u> consensus model, specifically, proof-of-staked-authority. BSC\u2019s native token, the Binance Coin (BNB)<\/u>, can be staked to contribute to network security and vote on community governance protocols<\/u>. Its PoS model also enables it to process transactions faster, putting it above networks that still implement full proof-of-work (PoW)<\/u> systems.<\/p>\n

\n \u201cNative Interoperability:\u00a0<\/b>\n <\/p>\n

\u201cBC and BSC can freely communicate with each other without friction, despite BSC not being a layer 2 solution<\/u> (as it is an independent blockchain, parallel to Binance Chain). This makes it seamless for users to move their cryptocurrencies between BC and BSC.<\/p>\n

\n \u201cProof-of-Staked-Authority<\/b>\n <\/p>\n

\u201cBSC combines both delegated PoS<\/u> and proof-of-authority (PoA)<\/u> to achieve network consensus and maintain blockchain security. PoA is known for its capacity to thwart 51% attacks<\/u>, as well as its tolerance for Byzantine attacks<\/u>.<\/p>\n

\u201cIn this model, there are elected validators who take turns in confirming transactions on the network and are tasked to produce the blocks in a PoA manner, which puts the amount of their stake and their reputation in the community into consideration. To become a validator<\/u>, a user has to stake BNB.<\/p>\n

\u201cThis consensus model allows BSC to achieve around three-second block times. If a block proposed by the validator gets added to the chain, they receive the transaction fees incurred in that block as their reward.<\/p>\n

\n \u201cValidator Quorum<\/b>\n <\/p>\n

\u201cA validator quorum is required to secure the BSC network. The blockchain has 21 validators that are elected by BNB stakers every 24 hours. Anyone can be a candidate for election as a validator, but only those who belong to the top 21 highest-staked nodes will be chosen for the next validator set.<\/p>\n

\u201cThere is an \u201cepoch\u201d period for the platform, where validator sets can update the BSC network as needed. Every epoch period consists of 240 blocks<\/u>, which is around 20 minutes.<\/p>\n

\u201cBSC also implements \u201cslashing\u201d to disincentivize malicious actors from validating inaccurate transactions or double signing. Slashing is designed to expose an attacker and make their attempts extremely expensive to execute.
\u200d<\/p>\n

\n \u201cBinance Coin (BNB)<\/b>\n <\/p>\n

\u201cBNB<\/u> is the Binance ecosystem\u2019s native utility token, which can be used both for BSC and BC. BNB is mainly used to pay for transaction fees on the BC and Binance DEX platform, staking and asset transfers. BNB can also be used to run smart contracts on BSC.<\/p>\n

\u201cFor those who want to participate in network security or earn additional BNB rewards, BNB can be staked on a smart contract. And should users wish to, they can delegate their stake to a BSC validator of their choice and earn proportional rewards.<\/p>\n

\u201cFurthermore, validators have the power to decide<\/u> how much of the BNB they collected from gas fees gets to be redistributed to their delegators.\u00a0<\/p>\n

\n \u201cOther Supported Tokens<\/b>\n <\/p>\n

\u201cBEP2 and the upcoming BEP8 standards are both BC and BSC-supported tokens. ERC-20<\/u> tokens, or BEP2E tokens, as they are called in the network, are supported on the BSC blockchain. There are ways to further \u201cenhance\u201d ERC-20 tokens on the platform just by adding more identifiers on an asset, such as token denomination, owner address and decimal precision definition, among others. This process is called \u201ctoken binding.\u201d<\/p>\n

\u201cIf you look into the BC platform, you\u2019ll see tokens launched that are pegged to a counterpart native token (also called \u201cpeggy coins\u201d). These tokens are also supported on the BSC network. This allows developers to launch DApps<\/u> that can facilitate cross-chain exchange<\/u> trustlessly, just like what PancakeSwap<\/u> was able to achieve on its platform.<\/p>\n

\u201cThe ascent of BSC in 2021 cannot be described properly without mentioning the PancakeSwap exchange. The BSC-based decentralized exchange has seen remarkable growth in 2021, both for trading volume as well as its governance token CAKE, with total value locked on the exchange surging from $150m on Jan. 23 to $2.5 billion as of the beginning of March 2021. PancakeSwap has become the second most popular DEX<\/u> after Ethereum\u2019s UniSwap<\/u> as of publication time.<\/p>\n

\n \u201cStaking<\/b>\n <\/p>\n

\u201cStaking involves BNB holders placing their \u201cbonded\u201d tokens in a staking pool. Then, they can delegate their tokens to a chosen validator or candidate. They can re-delegate their tokens to another validator as soon as the election for the next validator set begins.\u00a0<\/p>\n

\u201cElected validators have the power to distribute their blocking reward to their delegators.<\/p>\n

\u201cIn order to remain compatible with Ethereum<\/u>, BSC implements its staking logic on BC to support this feature. This means that token bonding or delegation happens on top of the BC network, not BSC.<\/p>\n

\n \u201cBinance Smart Chain Concluding Thoughts<\/b>\n <\/p>\n

\u201cThe Binance Smart Chain is a speedy and low-cost DApp platform for crypto users to enjoy. It\u2019s no surprise that the number of daily unique active wallets<\/u> has surged to 50,000<\/u> as of Feb. 9, 2021 and that its total transaction volume had reached $15 billion<\/u> in January 2021.\u00a0<\/p>\n

\u201cAs long as the most popular smart contract-based blockchain, Ethereum, continues to struggle with congestion, slow transaction speeds and exorbitant transaction fees, we can expect to see the increased adoption of more affordable alternatives like BSC, Polkadot<\/u> and Cardano<\/u> continue.\u00a0<\/p>\n

\u201cAbout Beadswap<\/p>\n

\u201cBeadswap.me is a decentralized exchange built on the Ethereum network. Users can swap, create markets, add liquidity, and stake Ethereum-based tokens without the use of an intermediary. Unlike traditional, centralized market making, Beadswap uses an automated market maker (AMM) protocol to facilitate decentralized trading, so that prices are determined algorithmically instead of through an order book. Shang He, Vice President of Equity Art Online, commented, \u201cThe total value locked in DeFi platforms grew from around $1 billion a year ago to over $60 billion currently. We are excited to bring this groundbreaking new technology to help revolutionize the art and tourism sectors.\u201d<\/p>\n

About BOTS, Inc.<\/p>\n

Headquartered in San Juan, Puerto Rico, BOTS, Inc. – publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA).<\/p>\n

Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time.<\/p>\n

Track BTZI news on Facebook @ https:\/\/www.facebook.com\/Bots.Bz\/<\/p>\n

Follow BTZI news on Twitter @Bots_bz http:\/\/www.Twitter.com\/Bots_bz<\/p>\n

Find BTZI news at http:\/\/www.bots.bz<\/p>\n

Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com.<\/p>\n

For more information, visit http:\/\/www.bots.bz<\/p>\n

Visit BTZI on Facebook<\/p>\n

https:\/\/www.facebook.com\/Bots.Bz\/<\/p>\n

Follow BTZI on Twitter @Bots_bz<\/p>\n

Forward-Looking Statements<\/p>\n

Certain statements contained in this press release may constitute “forward-looking statements.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the company’s filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company’s website and filings.<\/p>\n

Contact:<\/p>\n

Oleksandr Gordieiev<\/p>\n

CEO<\/p>\n

info@bots.bz<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN JUAN, Puerto Rico, May 11, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (www.beadswap.org). Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets. The company recently announced the purchase of 50% ownership in the Ethereum based Beadswap and a related 50% interest in 8.1 trillion Beadswap coins (crypto:BEAD) generated on the Ethereum blockchain and listed on Beadswap.me.\u00a0 These coins will now be exchangeable between the Ethereum and Binance … <\/p>\n

Continue reading “BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-491007","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN JUAN, Puerto Rico, May 11, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (www.beadswap.org). Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/","og_locale":"en_US","og_type":"article","og_title":"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets - Market Newsdesk","og_description":"SAN JUAN, Puerto Rico, May 11, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (www.beadswap.org). Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets. The company recently announced the purchase of 50% ownership in the Ethereum based Beadswap and a related 50% interest in 8.1 trillion Beadswap coins (crypto:BEAD) generated on the Ethereum blockchain and listed on Beadswap.me.\u00a0 These coins will now be exchangeable between the Ethereum and Binance … Continue reading \"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-11T11:13:55+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMzk3MiM0MTc3MjU4IzIwMTk1MzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets","datePublished":"2021-05-11T11:13:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/"},"wordCount":1892,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMzk3MiM0MTc3MjU4IzIwMTk1MzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bots-inc-s-beadswap-adds-binance-smart-chain-as-additional-platform-enabling-protocols-for-decentralized-exchanges-of-bnb-and-all-binance-assets\/","name":"BOTS Inc.\u2019s Beadswap Adds Binance Smart Chain as Additional Platform Enabling Protocols for Decentralized Exchanges of BNB and All Binance Assets - 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