Mithril has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance.
Decentralized social media platform Mithril (MITH) has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance. The development was announced by Mithril in a blog post published on April 18.
With the step, Mithril — a social media platform that rewards content creators with its native token MITH — becomes the purported first to shift to the Binanche Chain, with MITH token migrating from ERC-20 to BEP2. At Mithril, users gain MITH through Mithril mining, while managing their assets on the company’s platform VAULT.
Binance users will be able to withdraw MITH to BEP2 wallets following the completion of the initial migration of ERC-20-based MITH to BEP2. The development will purportedly not have an impact on ERC-20 versions of MITH held in private ethereum (ETH) wallets.
Binance launched Binance Chain yesterday, April 18, and expects to execute the swap of its native token Binance Coin (BNB) on April 23. The exchange initially revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering (ICO) tokens.
Along with the launch of Binance Chain, the exchange provided details for the conversion of ERC-20 BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, Binance emphasized it will not support the withdrawal of ERC-20 BNB tokens after April 23.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.