Don't lose your funds๐จ after 15th of May as
binance is set to cease the use of one of its
block chain ...here is what you need to know :
Sunset of BNB Beacon Chain (BEP2): The BNB Chain team is planning to completely decommission the BEP2 network by June 2024.
Binance Aligning with Sunset: To ensure a smooth transition, Binance is gradually stopping deposit functionality for BEP2 tokens.
Timeline for Deposit Closure:
May 15th, 2024: Deposits for all BEP2 tokens will cease except for BEP2 Binance- pegged tokens (B-tokens). B-tokens are essentially Binance's wrapped versions of other cryptocurrencies.
June 2024: The BEP2 network sunset is expected to be complete by this time.
Impact on Users:
Existing BEP2 tokens deposited on Binance are not affected and can still be traded and withdrawn.
Users who want to deposit BEP2 tokens (excluding B-tokens) need to do so before May 15th, 2024.
Binance recommends depositing BEP2 B-tokens before June 2024 for a smoother transition.
Alternative Deposit Methods: It's likely Binance will recommend alternative chains for depositing other tokens after May 15th. Stay tuned for their official announcements for further details.
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