It will be a basis for creating new cryptocurrencies and tokens
On December 4, 2018, the crypto exchange Binance, which is the world leader in the area, is planning to launch its own blockchain “Binance Chain” soon.
According to a tweet which was published yesterday, “Binance Chain” will be a basis for issuing new digital currencies and tokens for Initial Coin Offering (ICO).
“Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens,” – was said in the tweet.
Binance revealed their plans earlier on a private event in Singapore. And some experts think that realization of Binance-backed blockchain will result in “millions of coins and thousands of blockchains.”
Now Binance is one of the world’s largest cryptocurrency exchanges, with trading volumes about 587 billion USD, according to CoinMarketCap. Binance CEO - Changpeng Zhao – stats that Binance’s business still very stable and profitable despite the significant slump of crypto markets in 2018.
Author: Alena Snezhnaya