Binance Exchange June’s Monthly Update See Launchpad Release 24 New Projects Via Binance Chain
Binance cryptocurrency exchange is a pioneer in the crypto trading business and other fields in the ecosystem. The company is currently the leader in cryptocurrency trading owing to the number of trades and trading volumes on the site. In a splendid month of May, the exchange’s native coin, Binance Coin (BNB) hit its all-time high (ATH), the market capitalization hit $5 billion USD, a number of upgrade were made on the main net and a couple of tokens listed on the Binance Launchpad.
Binance Chain June Monthly Update
The efforts towards mass adoption and user friendly applications tailored to offer quick and efficient solutions is Binance’s main goal as its community grows by the day. The company announced the latest planned update on its main net chain that aims at gaining a wider user base and better systems. This comes some months after the launch of the Binance Chain version 0.5.9 that includes the lowering of trading fees on the platform given the hike in BNBs price.
In June’s monthly update on the Binance Chain main net, the report confirms that a total of 24 projects have issued their tokens on Binance Chain since its launch with more expected to be added in the coming days. Furthermore, the report confirms 9 proposals have been approved by the community to join Binance DEX and another 10 proposals are currently in the voting period. The non-custodial exchange has already listed 14 cryptocurrency trading pairs.
Other developments made on the Binance Chain upgrade includes full nodes on Binance Chain main net upgraded to v0.5.9, API service updates, wallet development and frequent community updates.
The Harmonyprotocol ONE Token Competition
In an unprecedented 5 days, ONE token experienced massive trade volumes of over 2.2 billion $ONE tokens, approximately $57 million USD (1.9 million $BNB). A total of 25,000,000 Harmony ONE tokens and 3,000 BNB to be airdropped to Binance DEX users within 5 days with 40,000 addresses already having received the rewards.
The Binance Chain Evolution proposals
Binance Chain Evolution Proposal (BEP) is an effective way for users to know the current status of a given feature, function or improvement. During the past month the blockchain has experienced a number of proposals some are listed below.
- BEP-6: This is a proposal for enabling delist trading pairs
- BEP-7: Add Non-fungible Tokens to Binance Chain
- BEP-9: Time Locking of Tokens
- BEP-10: Add transaction source
Binance is strengthening its position as the top cryptocurrency exchange with the latest developments and expansions across the United States, Europe and Africa too. The reduction of the trading fee structure by 50% is also a big time move that will push more investors towards the platform.