Ouse Token Created on Binance’s BSC Available on PancakeSwap, Coinsbit, IndoEX, and FinexBox

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My Ouse

Ouse Token is a BEP20 token on the Binance Smart Chain (BSC) that can be bought on PancakeSwap, Coinsbit, IndoEX, and FinexBox. With so many crypto platforms to choose from, including Ethereum, Solana, and Cardano, to name a few, it’s interesting that the Ouse Token team decided to deploy on the Binance Smart Chain. This article aims to shed some light on why the Binance Smart Chain was attractive to Ouse. 

Forbes reports that Binance, led by CEO Changpeng Zhao, is creating a crypto exchange in Thailand with Sarath Ratanavadi, the CEO of Gulf Energy Development. Interestingly enough, Reuters reported last year that Thailand had registered a criminal complaint against Binance for operating without a license. As the large crypto companies rush to market in different countries, regulators reel them in and legitimize them via penalties. It looks like Thailand is moving toward team Binance as their blockchain of choice. It makes sense that Tai Savet, who is a descendant of Henry Alabaster and Siddhi Savetsila, would create his Ouse Token on the identical blockchain as Thailand seems to be adopting.

Furthermore, Binance is trying to take a bite out of crime by joining the National Cyber-Forensics and Training Alliance. ZDNet reports, “The blockchain and cryptocurrency infrastructure giant is the first in the blockchain and cryptocurrency industry to join the non-profit NCFTA to help thwart cyber crime threats.” By joining industry groups and self-policing, Binance stands to improve its reputation and become a more attractive option for partners like nation-states. 

Nations tend to probe, file charges, and levy fines against cryptocurrency companies in order to gain control over a technology they see as threatening. Governments offer a pathway via regulation to more widespread adoption by legislating crypto firms. In the United States, Binance is being investigated for market manipulation. Similarly, the SEC investigates another centralized cryptocurrency, XRP, for an unregistered securities offering. 

The original Binance Chain is a cryptocurrency and store of value technology; you could think of it as a version of Bitcoin, but different. The main difference is that it uses proof of stake and not proof of work. In addition, the Binance coin (BNB) is a deflationary coin because the controlling group burns coins to decrease the amount of the currency. According to Yahoo, “To ‘burn’ these tokens, their signatures are sent to a black hole (or “eater”) address. This is an irretrievable public wallet that can be viewed by anyone and the coins’ status is broadcast to the blockchain.”

Binance has a second blockchain technology platform called Binance Smart Chain that enables smart contracts. The Binance Smart Chain is based on Ethereum’s technology and is its own Level 1 platform independent of the Binance Chain. According to FinExtra, “It runs parallel to the original Binance Chain, has smart contract functionality, and is compatible with the Ethereum Virtual Machine (EVM).” In addition, the Binance Chain and the Binance Smart Chain use BNB as their native token allowing interoperability between the main chain and smart chain. 

This story was brought to you by Ouse Token and the upcoming Ouse MetaMLS mobile NFT platform for virtual real estate in the metaverse. Ouse was launched as a “meme coin” but migrated to a utility token. Ouse Token will be used to purchase NFT’s on Ouse’s upcoming Web3 marketplace and mobile augmented reality game.

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