Mstation, the first Metaverse blockchain game on BSC (Binance Smart Chain), recently announced a partnership with BiStarter. The venture released an official post to announce the partnership with the decentralized insurance protocol.
The post talked about BitStarter’s mining-sty;e approval mechanism, which connects liquidity providers and projects. The collaboration will see Mstatin using the insurance designed to assess projects for 30 days. It will secure liquidity providers from probable losses against any mishappenings that may emerge.
Mstation believes that the partnership is a major accomplishment for the blockchain game. It is certain to bring more success, helping Mstation complete its roadmap. Here are the four major aspects where the partnership will be working on:
- Mstation will bring its IGO on BinStarter
- Community expansion
- Mutual marketing activities
- IDO cross-marketing
As a decentralized insurance protocol, BitStarter works differently than its competitors that offer solutions for IDOs. Despite being considered a decentralized framework, it is still subject to approval across multiple protocols with an evaluation pool. In a way, the protocol works like Bitcoin’s mining system, which is inspired by the blockchain approval system.
The structure assists the control systems, which are not sufficient in decentralized frameworks. Thus, liquidity providers and project owners may experience losses due to several reasons. Some of these reasons are:
- Token and Fund Related Errors
- Software Errors
- Cases Emerging from People
- Cases Surfacing from Investors
- Exchange-Based Cases
On the other hand, Mstation is a blockchain game where players can mint their characters. It charges Mstation’s native token to mint random characters. Seeing the massive popularity of blockchain games, Mstation has a jam-packed roadmap ahead of it.
That is why its partnership with BitStarter seems natural, as both projects complement each others’ propositions.