After the success of ERC-20, FXT tokens enter the Binance Smart Chain

Crypto trading platform FXT Announce Since its launch in January 2021, after its ERC-20 token has witnessed an impressive 1500% growth, the BEP-20 token has been launched.

Compared with its predecessor based on Ethereum, this new token built on the Binance Smart Chain (BSC) aims to reduce transaction costs and settlement time. In addition to improving the overall performance of altcoins in terms of efficiency and utility, FXT also intends to list its tokens on multiple crypto exchanges to make them available globally.

In view of FXT’s low price threshold and history of large investment returns, FXT expects a large influx of global investors and believes that the BEP-20 token will “copy its variant-the success of the ERC-20 token”.

Although more details have not been shared publicly, FXT will ideally use ICO funds to expand their products and prepare to replicate similar token offerings in the future.

related: ERC-20 tokens account for approximately 50% of the entire ETH blockchain

Since the birth of Ethereum (Ethereum) Blockchain, ERC-20 tokens are among the best in market value performance.Recently, Messari CEO Ryan Selkis emphasized The current number of ERC-20 tokens It accounts for nearly 49% ($25.6 billion) of the total assets of the Ethereum blockchain.

related: Immunefi cooperates with Binance Smart Chain for bug bounty to protect BSC project

As a complement to the ongoing BEC-20 adoption drive, the latest partnership between Immunefi and Binance Smart Chain will reward white hat hackers for discovering vulnerabilities in the BSC hosting project. Among the driving forces to improve infrastructure security, Immunefi Report Pay a bug bounty of more than 3 million U.S. dollars.

On the other hand, the BSC project continues to deal with its fair share of exploits.As Recently reported Provided by Cointelegraph, BurgerSwap suffered a USD 7.2 million exploit involving BURGER tokens, Wrapped BNB (WBNB) and Tether (USDT).