Binance, Exchanges

Does BEP20 Support Binance?

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced its support for BEP20, a new standard for tokens on the Binance Smart Chain (BSC). The announcement was made via a blog post on the Binance website.

The new standard, which is based on the popular ERC20 token standard on the Ethereum blockchain, will allow developers to launch tokens on the Binance blockchain that are compatible with existing Ethereum wallets and applications.

NOTE: Warning: BEP20 does not support Binance. BEP20 is a specific token standard that was created on the Binance Chain blockchain and is only supported by the Binance DEX (decentralized exchange). It is not supported by the main Binance platform or any other exchange.

This is a big development for the Binance ecosystem as it will make it much easier for developers to launch new projects on the Binance blockchain. It also opens up the possibility for existing Ethereum projects to migrate to the Binance blockchain in search of lower fees and faster transaction times.

The BEP20 standard is currently in beta and is expected to be launched on the mainnet in Q1 2020. Binance has also announced that it will be launching a $5 million fund to support projects that build on the BEP20 standard.

So does this mean that Binance now supports BEP20? Yes, it does! This is great news for both developers and users of the Binance ecosystem.

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