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ICON BLOCKCHAIN: BALANCED STARTS PARTNERSHIP WITH BAND PROTOCOL!



The ICON Blockchain has a wide variety of DeFi platforms to choose from. Now the Balanced project has entered into a strategic partnership with CMS Holdings and FBG Capital, as well as the lead engineers at Band Protocol.

Balanced announces partnership on ICON blockchain

Balanced announces the strategic partnership on Twitter. Above all, the growth of the platform and the ICON blockchain should be supported.

Balanced said on Twitter:

Balanced's primary audience is the ICON community, so the first step in the adoption strategy is to get ICON owners to use the application. The second step is to reach the rest of the crypto room. Today we're excited to announce a strategic partnership that will help Balanced continue to grow.

CMS Holding and FBG Capital

Many different options are created for the ICON blockchain and the balanced platform. Because CMS Holding and FBG Capital have already participated in various blockchain projects. These include MakerDAO, Terra, REN, Coinlist, Alchemix, Vega, Nervos and Equilibrium, to name only the most important.

Since the competencies of many actors are included on a very broad basis, the generation of ideas of the balanced platform on the ICON blockchain is very strongly supported.

There are also other participants who want to take part in the project. Some of them remain anonymous for the time being, as the ICON Foundation explained. Specifically, this concerns two senior engineers of a well-known DeFi protocol and three other people who have a major influence on the blockchain community.

Balanced enables token borrowing on ICON blockchain

By linking the Band Protocol and the Balanced, which is based on the ICON Blockchain, various price indices are to be set up. In addition to ICX / USD, assets such as Bitcoin, gold, and oil should also be tradable as tokens.

Simply put, users can borrow tokens on the balanced platform, which are linked to real and liquid assets. ICON is used as security, which is the reason for building it on the ICON blockchain.

The interesting technology of Band Protocol is used here. Premium tape access is used to enable the decentralized applications on the ICON blockchain to run smoothly. The cross-chain data platform Band Protocol is known for such a connection of a wide variety of data across different blockchains.

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