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Binance DEX Promotes Token Issuance on Its Native Chain; Raises Questions Around Centralization

Published 04/25/2019, 07:29 AM
Updated 04/25/2019, 08:42 AM
Binance DEX Promotes Token Issuance on Its Native Chain; Raises Questions Around Centralization
ETH/USD
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Binance DEX is not only drawing in tokens for trading, but also inviting projects to migrate from their previous blockchain, which is mostly Ethereum (ETH).

https://twitter.com/Binance_DEX/status/1120996725513080834

Following the migration of Mithril (MITH), now Gifto (GTO) token will aim to make use of the chain’s speed and low transaction costs.

Just days after the mainnet launch, Binance announced the approach to issuing and listing tokens on the new network. The decision to list or migrate a token originates with the project, but Binance DEX recommends that all projects be ready with a rationale about the nature of the token and the project.

Afterward, V...

This article appeared first on Cryptovest

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