FXT token integrated Binance Smart Chain following ERC-20 success
Crypto exchange FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January.
According to the announcement, the new token on Binance Smart Chain is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor.
In order to increase the token’s overall performance in efficiency and utility, FXT intends to list it across several crypto exchanges to make it globally available.
Given FXT’s lower price threshold and a history of massive returns on investment, FXT foresees a massive influx of global investors and opined that the BEP-20 token would replicate the success of its ERC-20 variant.
FXT will likely use ICO funding to scale its offerings and prepare for replicating similar token launches in the future.
On the other end of the spectrum, BSC projects continue to deal with their fair share of exploits. As recently, BurgerSwap was the subject of a $7.2 million exploit involving the loss of BURGER tokens, Wrapped BNB, and Tether.