Crypto buying and selling platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed a powerful 1500% progress since its launch again in January 2021. 

The brand new token, which is constructed on the Binance Good Chain (BSC), is designed to cut back transaction prices and settlement instances in comparison with its Ethereum-based predecessor. Along with rising the altcoin’s general efficiency in effectivity and utility, FXT intends to record its token throughout a number of crypto exchanges to make it globally obtainable.

Given FXT’s lower cost threshold and a historical past of large return on funding, FXT foresees an enormous inflow of worldwide buyers and opined that the BEP-20 token would “replicate the success of its variant – ERC-20 Token.”

Whereas additional particulars are but to be shared publicly, FXT would ideally use the ICO funding in the direction of scaling their choices and put together for replicating comparable token launches sooner or later.

Associated: ERC-20 Tokens Make up About 50% of Entire ETH Blockchain

Because the inception of the Ethereum (ETH) blockchain, ERC-20 tokens have earned the highest positions in market capitalization efficiency. Not too long ago, Messari CEO Ryan Selkis highlighted that ERC-20 tokens now amount to almost 49% ($25.6 billion) of the full belongings throughout the Ethereum blockchain.

Associated: Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects

Complementing the continuing BEC-20 adoption drive, Immunefi’s newest partnership with Binance Good Chain will reward whitehat hackers to find vulnerabilities in BSC-hosted tasks. On this drive to enhance the infrastructure’s safety, Immunefi reported to pay bug bounties exceeding $3 million. 

On the opposite finish of the spectrum, BSC tasks proceed to take care of its fair proportion of exploits. As recently reported by Cointelegraph, BurgerSwap was topic to $7.2 million exploit, involving the lack of BURGER tokens, Wrapped BNB (WBNB), and Tether (USDT).