Cryptocurrency Q&A
Is BNB on ERC-20?
Is BNB on ERC-20?
AmethystEcho
Mon Feb 24 2025
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5
answers
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I'm trying to understand if BNB, the native token of Binance, is based on the ERC-20 token standard. I want to know if I can use it on Ethereum-based platforms or if it has its own unique blockchain.
5 answers
CryptoLegend
Wed Feb 26 2025
Binance initially launched its asset as an ERC20 token, operating within the Ethereum network. This decision allowed for seamless integration and utilization of the Ethereum blockchain's features.
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CryptoLegend
Wed Feb 26 2025
Recognizing the potential for growth and autonomy, the Binance team decided to further develop the asset. They embarked on a journey to create a dedicated blockchain for their token.
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KpopStarlight
Tue Feb 25 2025
Through meticulous planning and execution, the Binance team successfully developed their own mainnet blockchain versions. This move provided the asset with a unique platform tailored to its specific needs.
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GalaxyWhisper
Tue Feb 25 2025
To ensure a smooth transition, Binance offered a swap process for users. Holders of the old ERC20 BNB tokens were able to exchange them for the new mainnet versions of BNB.
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PearlWhisper
Tue Feb 25 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services. These services include spot trading, futures trading, and a secure wallet for storing digital assets. With a strong focus on customer satisfaction and security, BTCC has established itself as a trusted player in the crypto market.
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