Equal is moving to Binance Chain!
Equal has decided to partner with Binance to embrace their new vision of decentralisation. This is a monumental step in the right direction, creating a bridge for our communities to utilise and usher in an improved decentralised landscape.
Binance has been at the forefront of user adoption in cryptocurrencies for the past 2 years. Their centralised exchange has become a leading player in the market, yet it is extremely vital that they have provided more options for their vast user base to understand and interact in the decentralised ecosystem.
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 has directly aligned with Equal’s vision of providing the end user full control over their assets.
The team at Equal believes this strategic partnership with Binance will enhance the ability of the Equal Wallet and help increase user base adoption into the future.
Although the Equal Wallet will still operate as a Web3 wallet on the Ethereum network, we will invite token holders to make an offer to Equal to swap their tokens and to migrate them to the BEP-2 protocol. Ultimately, the migration will allow Equal to remain focused on innovative decentralised visions on the Ethereum Network and the new Binance Ecosystem. Equal will aim to work with Binance to continue to grow the blockchain ecosystem and the industry’s path towards decentralisation.
Equal on Binance Chain
The team at Equal believes that through the Binance Chain migration, EQL token holders and Equal Wallet users will enjoy a number of significant benefits to migrating to the Binance Chain, including:
- Chance to trade EQL on Binance DEX
- Binance Coin support
- Binance Chain token support
- Faster transaction times
- Cheaper tx fees
- The bridging of decentralised ecosystems
Other future plans include:
- Full scale launch of Equal Wallet on the Ethereum Network and Binance Chain
- Deeper integration with Binance DEX
- Seamless token swaps between chains
Migration details
The migration process will occur in the Equal Wallet, displaying Equal Wallet’s unique chain migration capabilities to all current and future token holders. The Equal Wallet will integrate Binance Coin and the subsequent Binance Chain. This will allow for users to hold the new EQL token in BEP-2 format in the Equal Wallet.
More details surrounding how to make an offer to Equal to swap your EQL tokens to the new network will be released soon, so stay tuned as this is the start of a significant period in Equal’s timeline.
About Equal
The Equal Wallet is your one-stop-shop to interacting with the Decentralised Ecosystem. The team envisioned a wallet to facilitate not only mass adoption but mass utility, as well as a wallet with the capability of connecting financial investment with the utility of Cryptocurrencies.
Click here to download the Equal Wallet!
Website: https://equal.tech/
Join our Discord and Telegram to speak directly with the team.
