The Binary Holdings (TBH) provides a Layer 2 web3 infrastructure that integrates with telecommunications and banking applications, enabling high transaction throughput at reduced costs for over 169 million users in emerging markets. By utilizing the $BNRY utility token, TBH enhances user engagement and retention while facilitating the adoption of decentralized services within the telecommunications sector.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Telecommunication and banking applications in emerging markets often face challenges in user engagement and retention, hindering the adoption of decentralized services. Integrating Web3 functionalities can be complex and costly, limiting accessibility for a large user base.
Solution
The Binary Holdings (TBH) provides a Layer 2 Web3 infrastructure solution designed to integrate directly into telecommunication and banking applications. By leveraging the OP Stack, TBH offers a scalable and cost-effective environment for deploying decentralized applications. The $BNRY token serves as the native gas token within The Binary Network, incentivizing user engagement and facilitating transactions within the ecosystem. This infrastructure aims to increase user retention and average revenue per user (ARPU) by rewarding users for interacting with dApps within the telco ecosystem.
Target Audience
The primary target audience includes telecommunication service providers and banks in emerging markets seeking to integrate Web3 functionalities to enhance user engagement and drive the adoption of decentralized services.
Features
- Native Layer 2 network built on Optimism's OP Stack for enhanced scalability and speed.
- $BNRY token as the gas token for seamless Web3 interactions within telecommunication and banking apps.
- Direct integration with existing telecommunication and banking infrastructure.
- Reward system for users interacting with dApps, promoting engagement and retention.
- EVM compatibility for developers building on The Binary Network.
- Pre-incubator program providing capital, mentorship, and growth opportunities for Web3 projects.