Binance’s CEO, Changpeng Zhao (CZ), has hinted that their decentralized exchange project, dubbed “Binance Chain,” is nearing completion and could be launched as early as February 20, 2019. CZ revealed a few weeks ago that the project would charge at least $100,000 to list coins to eliminate low-quality projects.
Save the Date
As per CZ’s announcement on his official twitter handle, Binance‘s Decentralized Exchange (DEX) is scheduled to be released for public testing on February 20, 2019. Zhao welcomed anyone who would like to provide feedback saying they would embrace any insight on users’ thoughts to aid further improvement of the project. Zhao Tweeted:
“Finally got a date, Targeting to release Binance Chain testnet (@binance_dex) for public testing on Feb 20th. This is a testnet; your feedback would be most valuable.”
When he recently hosted an “ask me anything” (AMA) session, CZ exposed fresh details that the DEX project was still under development by the world’s leading cryptocurrency exchange. The CEO explained that they would limit the number of network consensus validators at the beginning, placing the figure at eleven validator nodes. However, as soon as the Binance Chain is up and running, they will be in search of interested parties who can run fast validators.
Liquidity, High-Quality Performance, and User-Friendliness
CZ said during the AMA session Binance Chain wasn’t a smart contract, but an interface that has been designed as a public blockchain whose primary focus will be to allow trading and the transfer of blockchain assets. The project is expected to ensure liquidity, high-quality performance, and user-friendliness. The Binance Coin (BNB) will be used as the network’s native token.