We’re very excited to announce that upon cautious consideration of know-how alternate options, Aeron has dedicated to migration of Aeron ecosystem to Binance Chain, developed and launched this spring by the world’s main cryptocurrency trade Binance. On this course of, the automated Aeron (ARN) token migration to Binance Chain can be enabled.
By migrating to Binance Chain, ARN token holders will expertise the pace, safety, transactional effectivity and different benefits of the brand new blockchain platform.
Aeron will launch the ARN token native to Binance Chain, which follows BEP2 normal defining token functionalities. Current Ethereum-based ERC20 ARN tokens on Binance.com can be migrated to BEP2 ARN tokens, tradable on each Binance.com and Binance DEX, the brand new decentralized trade just lately launched on Binance Chain.
Binance prospects who maintain ARN on Binance.com can have the token balances migrated with none handbook motion required. At that, Binance will help each ERC20 ARN and BEP2 ARN tokens in parallel with out affect to buying and selling and utilization of Aeron tokens. As soon as the migration course of is began (with a separate announcement), any consumer can deposit their ERC20 ARN tokens to Binance.com and withdraw BEP2 ARN tokens at any time with computerized conversion. The whole provide of Aeron tokens is not going to be affected.
Throughout the subsequent few months, BEP2 ARN tokens can be enabled on the Pilot Store powered by Aeron, EOS cross-blockchain swap interface and at different ARN purposes. For the approaching 12 months, Aeron will preserve help for each variations of Aeron (ARN) token — each ERC20 and BEP2. Buying and selling at different exchanges which acknowledge ERC20 token solely, is not going to be disrupted.
As Binance Chain continues to develop and allow extra options, Aeron will observe these developments carefully and can add options to BEP2 ARN token purposes.
We’re excited with this development of our long run partnership with Binance, and looking out ahead to continued success and plenty of new milestone achievements collectively.
We’ll additional inform Aeron neighborhood of the continuing developments.