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Soon Binance will Launch its Own Blockchain “BinanceChain”

Binancechain will assist projects to easily issue new tokens and help in mass adoption of blockchain

December 05, 2018 12:45
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Binance, the world’s largest cryptocurrency exchange by volume has announced that it will launch its own blockchain “BinanceChain” that will help users create new cryptocurrencies and ICO tokens.

While speaking at Forbes Asia Forum, Binance CEO Changpeng Zhao said that BinanceChain will be released in the coming months on which millions of projects can easily issue tokens. It will further push the Binance’s objective for mass blockchain adoption and advancement of the industry.

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Forbes’ staff reporter, Michael del Castillo, who quoted the CEO saying:

“We are launching Binancechain very soon, in a couple of months or so, and you will be able to issue tokens on that… I think there will be millions of coins and thousands of blockchains.”

The announcement is likely to trigger questions from the community about the need for so many blockchain and cryptocurrency and CZ’s millions of coins statement will definitely raise questions. Earlier when CZ was asked on the issue of listing so many tokens, he responded:

“We don’t list shitcoins even if they pay 400 or 4,000 BTC. [Ethereum, NEO, Ripple, EOS, Monero and Litecoin and more] listed with no fee. Question is not ‘how much does Binance charge to list?’ but ‘is my coin good enough?’ It’s not the fee, it’s your project! Focus on your own project!”

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