Home News Binance Launches Binance Chain Mainnet, Announces Token Migration

Binance Launches Binance Chain Mainnet, Announces Token Migration

by user

Cryptocurrency exchange platform Binance will conduct its Binance Chain mainnet token swap on April 23.

Binance reported that there will be an initial supply of 200,000,000 native Binance Coins.

Same as the ERC20 BNB, 11,654,398 BNB will be burned on Binance Chain and 48,000,000 BNB will be frozen.

The mainnet will allow users to explore several functionalities: send and receive BNB; issue new tokens; send, receive, burn/mint and freeze/unfreeze tokens; propose to create trading pairs between two different tokens; and send orders to buy or sell assets through trading pairs created on the chain.

Read more about Binance Chain here: https://docs.binance.org/faq.html

Binance officially began the development process for Binance Chain in March 2018.

https://www.binance.com/en