Binance, the largest cryptocurrency exchange in the world, launched its blockchain protocol on April 18 and announced Mithril as the first project to migrate to its Chain. Red Pulse Phoenix [PHX] and Atomic Wallet too followed the suit and migrated to Binance Chain.
Red Pulse Phoenix token operated on the NEO platform and recently announced that they would be migrating “a major portion” of their token ecosystem to the Binance Chain. The blog from Red Pulse Phoenix informed:
“The integration will consist of the launch of a new BEP-2 token called PHB, native to the Binance Chain ecosystem, and subsequent migration of NEP-5 PHX tokens on Binance.com to BEP-2 PHB tokens, which will then be tradable on both Binance.com as well as Binance DEX, the new decentralized exchange feature developed on top of the Binance Chain blockchain.”
Atomic Wallet also followed the other and decided to switch from Ethereum to Binance Chain. It will offer token migration and wallet support to the Binance chain. Apart from the current support, there are rumors of ENJIN Coin migrating to Binance Chain. ENJIN Coin’s CEO Maxim Blagov had mentioned a significant feature that had something to do with Binance Chain.
Many big projects are leaving the Ethereum ecosystem and migrating to Binance Chain, however, the Binance Chain does not have a smart contract feature, which could make some projects seeking decentralized contract settlement to stay with Ethereum instead.
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