Cryptocurrency

The Launch of Blockmason Credit Protocol Token- BCPT and Binance Decentralized Exchange (DEX) in Partnership with Blockmason And Binance

The recent Twitter announcement by Blockmason has some exciting news in store. The company has announced that there will be the launch of Blockmason Credit Protocol Token- BCPT on Binance Chain and Binance Decentralized Exchange (DEX). This will be done in partnership with Binance. The token is a token which is used for making the storing of data via the Credit Protocol, possible.

Blockmason has always been trying to push the boundaries of the envelope. With the launch of BCPT on Binance Chain, it is a good opportunity to discover newer blockchain places, get a better working knowledge of cross-blockchain functions, the probable potential, and scalability. Further, in the blog, team Blockmason mentioned that there would be a directly proportionate effect of Binance Chain’s growth on the Credit Protocol and BCPT growth. This will, in turn, provide and open up new avenues of possibilities for both the developer community as well as the user community.

One can say that Binance DEX is an advanced platform that offers the best qualities of Binance as a platform when it comes to decentralized features, offering a secure environment, a thorough control over the private keys and money by the customer, along with many other benefits of a DEX. This feature-rich setting has the potential of providing a ‘peer to peer trading’ opportunity.

On the other hand, once the Binance Chain main-net will be launched, the conversion of BCPT from ERC20 to BEP2 will get initiated. This migration from ERC20 to BEP2 will take around twelve hours to get completed. During this time window, there will be no deposits and withdrawals of BCPT allowed. After the successful completion of the migration, the users then can easily withdraw the BCPT to their wallets which are compatible with BEP2. Further, in the blog, the company has announced that- “ERC20 BCPT held in private wallets or on other exchanges will not be impacted.”

The performance of BCPT-

BCPTIf we look at the current market performance of BCPT on 24th April at 8:35 UTC time, the price (USD) of the crypto at which it is currently trading in the market is USD 0.060109 with BTC/BCPT 0.0000109. The market Cap of the crypto token currently is 6,982,207 USD with the 24h volume being 17,592,238 USD. As of now the circulating supply of Blockmason Credit Protocol Token is 116,158,667 BCPT. The token seems to be doing well as it is waving above $10 million and is 120.44% higher than the least price (USD) 0.027267 observed on January 14 which is exceptional. After which it has been showing a relaxing increase in its performance in the market.

The performance of BNB the Binance Coin-

Binance coinAt the press time, the price at which BNB is trading in the market currently is USD 22.77 with BTC/BNB at 0.00415427. The market capitalization of the crypto-coin is 3,214,478,538 USD with a 24h volume of 286,494139 USD. As of now the circulating supply of the crypto is 141,175,490 BNB, whereas the total supply is 189,175,490 BNB. As per the above chart and data by Coinmarketcap it is evident that the coin has been growing at an increasing rate in the recent times from the start of the year and now has a market capitalization on the upper hand of $2 billion with an awestruck 302.29% increase from the lowest price (USD) 5.66 of the year on January 14 with a market cap even below $800 million. This is likely to be the sign of growing scalability in the market space making it rank on the 7th position amongst the top 10 coins of the market.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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