Binance hours away from launching public testnet of Binance Chain

19 Feb, 2019 | Updated: 19 Feb, 2019
by Richard Allen
Binance hours away from launching public testnet of Binance Chain

Binance, the largest crypto exchange by trading volume, is set to release its decentralized exchange, Binance DEX, for public testing.

Binance is mere hours away from launching the public testnet for its own blockchain, called Binance Chain. This blockchain will power Binance DEX which hopes to be the first decentralized exchange to achieve mass adoption by being able to move large amounts of money quickly. As such, Binance Coin (BNB) will migrate from the Ethereum Network onto Binance Chain, making its new home at Binance DEX.

Read more: CZ: Binance Chain testnet public testing set for 20 February

CZ also took the time to answer some questions from the community. Regarding listing fees, CZ replied with “On testnet, not sure. On mainnet, not sure. Product before business.” He also stated that there will be no registering, “All you need is a wallet.”

In the run-up to the release, CZ did an AMA on Twitter where he clarified that there will be no hidden transactions, stating, “Binance DEX works very similar to Bitcoin, so most transactions are transparent. There’s no hidden transactions or private transactions.”

In more Binance news, the token sale is scheduled for February 25 at 2:00 PM (UTC) which will run until March 2. CZ tweeted earlier today that while testing for, one tester mistakenly clicked an airdrop button giving some BTT launchpad buyers extra BTT tokens. He added that the issue is being resolved and that no other people have been affected.

Read more: on the Binance Launchpad: all you need to know

The community took a rather jovial approach to the tweet:

Read more: CZ on what's next for Binance: 4 future goals the CEO wants to work on

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