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Crypterium Integrates CRPT Token To Binance Chain

July 1, 2019

We’re happy to announce that Crypterium has committed to integrating CRPT token with the Binance Chain, a community-driven blockchain software system initially developed by the world-leading cryptocurrency exchange Binance. As part of this effort, we will be migrating a major portion of our token ecosystem from ERC-20 to Binance Chain’s BEP-2 protocol.

Crypterium has also submitted a proposal to list CRPT on Binance DEX, the world’s fastest decentralized exchange that combines the best features of Binance.com with the benefits of a decentralized setting, which will help our users to experience increased speed, security, and user friendliness while maintaining full control over their funds.

 

What does this move mean for CRPT holders?

Crypterium is all about giving you opportunities to control your money 24/7. Integrating our token with Binance Chain and subsequently listing it on the Binance DEX once we have positive votes from all Binance Chain validators is a clear proof of our mission.

Once we launch the new token, you will be able to choose to hold your CRPT in the ERC-20 network or switch to BEP-2. Our two-way token swap will also allow you to convert CRPT back to ERC-20 at anytime. You’ll be able to perform the swap directly from our official website and — later on — in the Crypterium App.

It’s important to note that the amount of CRPT in circulation will not be affected by this decision. Whenever you execute a swap to BEP-2 tokens, the exact same number of ERC-20 tokens will be locked in a separate wallet out of circulation. We will share this wallet address in the nearest time.

Also, it’s worth mentioning that CRPT burning happens in both networks.

 

Why Binance DEX?

Cryptocurrencies and its underlying technology blockchain have been designed based on a philosophy of decentralization. “DEX is a great manifestation of Binance’s mission to spread the freedom of money,” describes Binance in a recent announcement. A mission that Crypterium shares at its very core — “your money, your way.”

This strategic collaboration with Binance is also expected to positively impact the demand for both CRPT tokens and Crypterium services. Millions of users use Binance as their primary trading platform. A successful listing of CRPT on Binance DEX will certainly increase visibility for our global products.

 

Centralized vs Decentralized

Binance DEX offers a series of distinctive characteristics, such as no deposit, withdrawal and order placement fees, a user friendly interface, and ultimate control over your funds.

Unlike centralized exchanges, Binance DEX does not rely on intermediaries for its operation. Instead of matching buy and sell orders in an order book, this platforms operates by matching the holders behind those orders. The lack of involvement from third parties makes Binance DEX a more private, secure and fair experience against the centralized counterparties.

 

About Binance Chain

Binance Chain, a blockchain software system developed by Binance and the community, is a community-driven project with developers and contributors from around the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain, setting a new cryptocurrency trading standard for fast and secure peer-to-peer trading.

Official website: https://www.binance.org/

About Crypterium

Crypterium is one of the most promising fintech companies, according to KPMG and H2Ventures. We are building a mobile app that meets the banking needs of the digital assets era.

Our goal is clear: with Crypterium, whatever you can do with traditional money you will able to do with digital assets. This idea is supported, among others, by the co-founder of TechCrunch Keith Teare and over 400,000 registered users, and the number is growing by day.

The team is led by former General Manager of Visa Central & Eastern Europe Steven Parker, and C-level executives from global financial institutions, like Renaissance Insurance, London Derivatives Exchange, American Express etc.

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