Crypterium’s CRPT is officially integrated to Binance Chain, meaning you can now swap your ERC-20 tokens for BEP-2 tokens anytime. If you want to learn how to do it, watch this video. And if you are wondering how does the swap affect you as a CRPT holder, and why you should consider such a move, you’ve come to the right place.
Decentralize it all
Binance Chain is a community-driven blockchain developed by the world-leading cryptocurrency exchange – Binance. This blockchain serves as a base for the development of Binance DEX — the fastest, easiest-to-use decentralized trading platform.
Binance DEX offers a series of distinctive characteristics, such as no deposit, withdrawal and order placement fees, a user friendly interface, and ultimate control over your funds. Yet, the most important distinction is determined by its decentralized nature. Unlike the users of centralized exchanges, traders of Binance DEX will own their private keys and get full control over their funds. Sounds very close to Crypterium’s motto: your money, your way, doesn’t it?
Finally, Binance DEX’s matching system provides the high speed of transactions that easily matches the speed of centralized exchanges. “Binance DEX can handle the same trading volume as Binance.com is handling today. This solves the issues many other decentralized exchanges face with speed and power,” — says CZ, CEO Binance.
How will it affect CRPT?
The CRPT token was initially issued on the Ethereum Blockchain (ERC-20). With this integration, you can migrate those CRPT tokens to another blockchain — Binance Chain (BEP-2). Our decision to enable a swap for CPRT is based on several factors:
- Interoperability: the CRPT token is already available on major exchange platforms, like KuCoin and Liquid. But these are all centralized platforms. This integration enables people to access CRPT in a decentralized setting.
- Higher visibility: Binance is the biggest exchange platform in the crypto market. The CRPT integration will potentially increase visibility for the token not only through Binance DEX but also as new apps start working on top of the Binance Chain.
- Strategic partnership: Crypterium is committed to partner up with market leaders. Binance Chain integration is the first step in a long line of strategic developments we expect to achieve over time with the world’s leading trading platform.
As a CRPT holder, this integration grants you access to a unique trading experience. One that is not interrupted by third parties at any stage. By holding BEP-2 CRPT tokens, you will be able to trade freely on Binance DEX and benefit from its numerous features.
Ready to swap?
You’ll be able to perform the swap directly from our official website and — later on — in the Crypterium App. It’s important to note that the amount of CRPT in circulation will not be affected by this decision.
Whenever you execute a swap to BEP-2 tokens, the exact same number of ERC-20 tokens will be locked in a separate wallet out of circulation. We will share this wallet address in the nearest time.
Also, it’s worth mentioning that CRPT burning happens in both networks.