Binance Custody: What Does It Mean for DeRace Ecosystem?

zkRace
2 min readOct 13, 2022

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This week DeRace has announced a top-notch partnership with Binance Custody to offer institutional-grade security for our users’ digital assets among other key benefits.

So let’s dive into what exactly this partnership means for the whole DeRace ecosystem and why the DeRace community should be excited about it.

DERC: First-rate Security

This week DeRace has gone an extra-mile to ensure the increased security of our token — DERC has been integrated within the Binance Custody ecosystem.

Using the Binance Custody’s Qualified Wallet DeRace eliminates any single point of failure in safeguarding our digital assets. By using the latest breakthroughs in MPC cryptography, Binance Custody’s Qualified Wallet feature ensures that DERC is more safe and secure than ever.

Among all that, DeRace has made a decision to utilize Binance Custody’s cold storage solution to secure part of our treasury against any possible external hazards.

Through our partnership, DeRace has tapped into Binance Custody’s best-in-class cold storage solutions to ensure the safety of our digital assets.

DERC: Increased Accessibility

With our native token being supported by Binance Custody, DERC gets an additional boost for its inherent utility.

DERC is now even more accessible to the institutional players and other system participants. By using the Binance Custody solutions we are not only ensuring the top-notch security of our digital assets and providing additional safety measures for our community but we also become more attractive to other financial players within the market.

About Binance Custody

Binance Custody is a compliant, insured, standalone digital asset custody service providing best-in-class security and liquidity solutions to institutional clients. It uses multi-party computation (MPC) technology with a customizable multi-approval scheme offering bespoke solutions that allow institutions to manage their crypto assets safely and efficiently via the Binance Custody desktop and mobile app platforms. Its core technology solution is ISO 27001/27701 and SOC 2 Type 1 certified.

Twitter: @BinanceCustody

LinkedIn: Binance Custody

Telegram: @BinanceCustody

About DeRace

DeRace is a play-to-earn NFT horse racing metaverse where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn rewards while doing it.

DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.

Website | Twitter | Telegram | Announcements | Medium | Instagram | TikTok| Discord

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zkRace
zkRace

Written by zkRace

zkRace is a front-running Web3 horse racing game & world's 1st cutting-edge zk-rollup infrastructure tailored for GameFi, powered by $ZERC

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