BEP-2 (Binance Chain Tokenization Standard)

BEP-2 (Binance Chain Tokenization Standard) is a technical specification and standard protocol for creating and managing tokens on the Binance Chain, a blockchain platform developed by Binance. It defines the rules and guidelines for token issuance, transfer, and management within the Binance Chain ecosystem.

Examples:

• Binance Coin (BNB) is one of the most prominent examples of a token issued on the Binance Chain using the BEP-2 standard.
• Other tokens, such as BUSD (Binance USD) and Binance-Peg Ethereum Token (BETH), also adhere to the BEP-2 standard for compatibility and interoperability within the Binance Chain ecosystem.

Cases:

• Projects and companies can tokenize their assets or create their native digital currencies on the Binance Chain using the BEP-2 standard, allowing them to leverage the features and benefits of the Binance Chain platform.
• Exchanges and wallet providers that support the Binance Chain ecosystem must ensure compatibility with tokens adhering to the BEP-2 standard to facilitate token transfers and transactions seamlessly.
• Developers and token issuers need to adhere to the BEP-2 standard's specifications and guidelines when creating and managing tokens on the Binance Chain to ensure interoperability and compliance with the platform's protocols and requirements.