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Binance Smart Chain Partner Receives Funds From 16 Institutions
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Binance Smart Chain Partner Receives Funds From 16 Institutions

Reynaldo Marquez
Reynaldo Marquez
4 years ago
2 mins read
Binance Smart Chain BNB BNBUSDT

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Built on top of Binance Smart Chain, CryptoTycoon (CTT) is a monopoly game based on Binance Coin (BNB), Binance USDC (BUSD), and stablecoin Tether (USDT). With it, users can play to construct in-game buildings by rolling the dice. The game operates with a deflationary and dividend model, according to an official post.

The team behind the game recently announced the successful completion of their seed round of fundraising. Per their announcement, they have received support from 16 institutions from “different regions and backgrounds”.

In total, Binance Smart Chain’s partner was supported by HappyBlock, CryptoDiffer, R8 Capital, A195 Capital, 4SV, AKG Venture, PrimeBlock Ventures, Amplio Capital (BitMart Labs), T3E (MW partners), Infinity Labs, CatcherVC, BenMo Labs, BEST, Horizon Capital, Ternary Capital, and 7Star Capital. The team added:

In addition, we have recently received supports from many BSC community building participants, who provided a lot of valuable suggestions to CryptoTycoon and participated in CryptoTycoon’s seed round fundraising in a private form.

Binance Smart Chain’s Partner And Its Roadmap

The project will focus on “market building and user experience” for their next phase of development. They are currently taking feedback from the community. So far, they have divided their roadmap into two stages an initial stage and an early stage.

The former has been composed of game design, smart contract coding, legitimate subject and legal matters, participation from their American and European market partners, smart contract audit, official website (v0.1) launch, and other items related to community operations and media. Most of the first items have already been completed.

In their early stage, they will have a close beta of their game, a CTT release, an official website launch on their v0.5 launch, liquidity provider staking mining, game interactive contract audit, planning for their second iteration of the game, and much more.

CryptoTycoon’s native token CTT will have a burned mechanism, as two of the most important assets in the Binance Smart Chain ecosystem, BNB, and PancakeSwap’s CAKE.

BNB trades at $619 with a 5.7% profit in the daily chart. In the weekly and monthly chart, BNB has a 20.4% and 99.9% profit, respectively.

Binance Smart Chain BNB BNBUSDT
BNB with moderate gains in the daily chart. Source: BNBUSDT Tradingview
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Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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