ChangeNOW is delivering another delighting piece of news for everyone who’s looking out for Binance updates. NOW token is the first one to be issued on Binance Chain after BNB token and the second one to be listed on Binance DEX. As of right now, five platforms have moved their tokens to Binance Chain. Trading is available here!
ChangeNOW decided to go hybrid with the migration. Half of the total NOW supply, 100 million, was burned on Ethereum blockchain and re-launched on the new Binance Mainnet in order to provide the holders with a choice of the platform to store the tokens on. The migrated NOW token became one of the first tokens to be listed on Binance DEX.
The migration went smoothly, all of the 11 validation nodes voted in its favour. Changpeng Zhao, Binance’s founder and CEO, noted that the ChangeNOW, although being a peer and a competitor to Binance, did issue its BEP2 tokens first after BNB, without making a deal with Binance, the truly decentralized way.
ChangeNow did issue their tokens before MITH, without any communication or coordinate with me or our team. The true decentralized way. MITH token was issued later, but listed first on @binance_dex.— CZ Binance (@cz_binance) April 25, 2019
For a short period of time you can use a special service, NOW Swaps, to migrate your ERC-20 BNB or NOW tokens to BEP2 at 1:1 rate, account-free and free of charge.
ChangeNOW is a non-custodial platform for simple and fast cryptocurrency exchanges. NOW tokens can be used on the service to pay for special features or traded separately.
Binance DEX is a platform for decentralized stock exchanges that allows users to trade BNB or any other coins listed on the service. Before, Binance used to use ERC-20 standard but now they have launched the long-awaited BEP2 standard of their own!