BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain. This standard defines a set of rules that tokens should follow to function in the Binance Chain ecosystem.
You can store BEP-2 tokens in Guarda Wallet.
What is BEP-2?
Binance Coin is a digital currency issued by the cryptocurrency exchange platform Binance (the name comes from the combination of “binary” and “finance”) and denoted by BNB ticker. Binance itself was established in 2017 by Changpeng Zhao – current CEO – with his co-founder and CTO Roger Wang.
Created for the ICO crowdfunding event, which took place between the 26th of June to the 3rd of July 2017, the token itself was initially based on the Ethereum blockchain, however, in March 2018, the company representatives made an announcement about the future of BNB implying transferring of the asset to its own mainnet. Thus, the migration of the token started simultaneously with the launch of Binance Chain testnet in Spring 2019. By now, the process is completed since all the tokens were swapped to native coins or burned. Apart from the function of the valuable assets, those newly established coins serve also as fuel for Binance DEX (decentralized exchange). Thereby, it makes sense to get some amount of BNB to pay the fees charged for the transactions and exchange operations within the network. The Binance Coin cannot be obtained by mining since all tokens were pre-mined by Binance at its establishment. Thus, in order to acquire the coin, you can visit one of the popular trading platforms or use the built-in cryptocurrency purchase feature of Guarda Wallet.
BEP-2 Tokens Price
Those cryptocurrency holders who wish to benefit from trading and exchanging various digital assets are definitely familiar with CoinMarketCap – an easy-to-use website providing the visitors with the latest information about price fluctuations on the market. There you can find all the necessary details about BNB and BTCB, as well as any other tokens compatible with BEP-2 standard. Since the mainnet swap BNB coin occupies one of the top positions according to its market capitalisation and trading volume. Now it is ranked number 6 by CoinMarketCap and, therefore, placed above such popular assets as Tether USDT, Bitcoin SV, EOS, Monero, NEO and others.
You can start managing your BEP-2 tokens on Guarda in just a few clicks. Our Web BEP-2 Wallet is a perfect cryptocurrency storage for day-to-day use, for it has all the features that a crypto hodler might need: a high level of security, fast transactions, purchases with a bank card and easy, registration-free exchanges.
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