The Binance cryptocurrency exchange leading in trading volumes converts all Binance Coin (BNB) tokens based on the ERC-20 standard in hot and cold stores into native BEP-2 tokens.
. @Binance will convert all ERC20 BNB tokens to our BEP tokens. In order to achieve this, it’s possible to make a difference.
– CZ Binance (@cz_binance) May 16, 2019
So, all Ethereum tokens will be burned, and an equivalent number of native coins will go from the genesis addresses to the new cold repository. Binance also revealed the address of this wallet to make the process as transparent as possible.
The address of the new BEP2 $ BNB cold wallet is:
bnb142q467df6jun6rt5u2ar58sp47hm5f9wvz2cvg.Real-time with the binbin_dex explorer: https://t.co/ObgWv6CL8d
Transparent.
– CZ Binance (@cz_binance) May 16, 2019
Earlier, Binance updated the security system, restored trading operations, deposit and partial withdrawal of funds, however, users still complain about bugs after the upgrade.
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