Binance crypto-burning burns BNB tokens on the ERC20 standard and generates them on BEP2

Today, the CEO and founder of Binance Cryptobirge Changphen Zhao (CZ) has announced the burning of ERC20 tokens in hot and cold wallets of the exchange.

After that, an equal number of BEP2 tokens will be generated, and all of them will be placed in the new purse of the exchange.

This update is designed for Binance DEX , details of which are available in the DEX browser. The current balance of the Binance DEX wallet is $ 372,152.

. @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

DEX was launched after developing its own blockchain based on Binance Coin. Since then, some crypto projects have migrated to the Binance blockchain, including the transfer of Bolt Global from Ethereum on 10 May.

Also CZ wrote:

“The address of the new cold wallet BEP2 $ BNB: bnb142q467df6jun6rt5u2ar58sp47hm5f9wvz2cvg.
You can view its contents at any time and even watch the real-time migration using @binance_dex.
browser: explorer.binance.org.

Publication date 17/05/2019
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