Proton (XPR) is now available on the Binance Smart Chain (BSC), creating new avenues for more people to interact with Proton. By utilizing a bridge on ProtonScan.io, XPR can be used in Binance products, increasing the potential volume of Proton transactions. Additionally, other X-token assets will be able to interact with Binance products in the future.
Binance Smart Chain is one of the most widely used blockchains in the world, with over 82 million unique wallet addresses and averaging over 4 million transactions per day over the last month. Now that Proton can interact with BSC products, millions of BSC users around the world are now exposed to XPR for the first time. This means that XPR is now available on the popular cryptocurrency swapping site Pancake Swap, and can be added to other BSC swapping sites in the future.
To ensure you’re interacting with the right Proton within the Binance ecosystem, double-check that you’re using the following BSC contract address: 0x5de3939b2f811a61d830e6f52d13b066881412ab
You can also check the BSC scan link here on the Binance Blockchain Explorer.
Porting XPR into another blockchain represents a large expansion of the Proton ecosystem. Every new way for a person to interact with Proton represents an increased demand for the network, signalling continued growth of what we are building. Each new person that is able to hold XPR becomes part of a decentralized and growing matrix of wallet addresses that can interact with each other.
Additionally, this bridge is a two-way street, meaning BSC assets can become Proton-wrapped and interact with Proton products as well. As we’ve outlined before, Proton-wrapped cryptocurrencies enjoy all of the benefits of the Proton blockchain, including instant transactions, no gas fees, and human-readable @names. Now that BSC tokens can run on Proton, millions of Binance users have an incentive to experiment with Proton products for the first time. At the moment, BNB is the first Binance token that can run on Proton, with a potential for other BSC assets to interact with Proton in the future.
Interested in what else Proton can do? Read about Proton on our website, and follow our primary social media accounts. We are constantly innovating and pushing the boundaries between TradFi and DeFi, so you won’t want to miss an update.
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