Blockchain start-up Equal has entered in a partnership with Binance DEX to improve and promote decentralization in the industry. The platform will be soon launching the EQUAL crypto wallet and will add Binance Coin on the wallet. The announcement came via a tweet in which Equal stated that the EQL Token would be migrating to the Binance Chain.
We are excited to announce our partnership with @Binance_DEX ! The EQL token will be migrating to the new @binance Chain in the lead up to the EQUAL wallet launch, we will be adding support for Binance Coin & BEP-2 tokens. Welcome to EQUAL @cz_binance !https://t.co/QNR0bIymsU pic.twitter.com/WMCcK9v463
— EQUAL (@equaltoken) May 24, 2019
Equal is a DLT platform that specifically focuses on the increasing utility of blockchain and cryptocurrencies. The start-up states on its official website that over 90% of crypto trading is related to investment, rather than utility and equal wants to break this trend. In a post on Medium, the platform stated,
“The team at Equal has been adamant about educating the wider community on the benefits and purpose of decentralisation from a blockchain tools perspective. This brings great excitement to the team that the vision of Equal has significant synergies with Binance. Binance now positions themselves to offer a trustless and transparent financial system within the blockchain industry.”
This, Equal says, has directly aligned with the platform’s vision of providing the end user full control over their digital assets.
Binance has been one of the leading platforms which are pushing global adoption of cryptocurrencies. While the centralized Binance Exchange has become the largest in the world, Binance Decentralized Exchange is pushing the envelope in terms of trust-less crypto trading.
The benefits which the users will get for after the migration to Binance Chain include trading on a decentralized exchange, support for BNB Token, faster transactions, lower transaction costs, inter-linking of decentralized ecosystems.