Binance Coin Announces Token Swap — TradingView News

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Binance Coin is set to begin the process of migrating assets from BNB Beacon Chain BNBUSD to BNB Smart Chain (BSC). This process is expected to start on May 15th and continue over the next few weeks. The completion of this migration is targeted for June.

Refer to the official tweet by BNB:

Starting today, #Binance will start migrating assets from BNB Beacon Chain BNBUSD to BNB Smart Chain (BSC).

The migration will continue over the next few weeks, with completion aimed at June 2024.

More details here â¤µï¸https://t.co/o6SwsO4j6d

May 15, 2024

BNB Info

BNB is the native coin that powers the BNB Chain ecosystem, including the BNB Beacon Chain and BNB Smart Chain. It serves several functions, such as reducing trading fees on the Binance exchange, paying for transaction fees on both the BNB Beacon Chain and BNB Smart Chain, and being utilized in games and DApps within the BNB Chain ecosystem. It’s also employed to participate in token sales hosted on the Binance Launchpad and provide liquidity on Binance Liquid Swap. Furthermore, BNB can be used for real-world applications, including online and in-store purchases and travel bookings on platforms like Travala.com.

As of September 2020, with the launch of the BNB Smart Chain, BNB can exist in three forms: BNB BEP-2 on the BNB Beacon Chain, BNB BEP-20 on the BNB Smart Chain, and BNB ERC-20 on the Ethereum network.

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