BEP2 Vs. BEP20: Understanding Binance Smart Chain Tokens

Here is a detailed comparison of Binance’s Binance’s Smart Chain (BSC) tokens: Binance network (BSC) network (BSC)

Overview

• BEP2 is a native token for Binance’s smart chain, while BeP20 is an updated version.

• Both are linked to the supply of BNB (binance coin), but with different cases of tokenomics and use.

TOKENOMICS

* BEP2

: Designed as a utility token, mainly used for governance and rewards. The total supply is 10 billion BEP2 tokens.

* BEP20 : A Stablecoin version of BEP2, attributed to the price of BNB. It has a lower total supply than BEP2 (6 billion), but still maintains a strong domain in its pin.

Use cases

* BEP2 : Used mainly for governance and rewards within the Binance ecosystem.

* BEP20 : Used as a stablecoin, with loan applications, negotiations and other financial services.

Performance

* BEP2 : Shows better performance compared to BEP20 due to its utility token nature. It has higher transaction speeds and lower gas rates.

* BEP20 : Designed for stability, it offers lower transaction costs, but slower transaction times.

TOKEN VALUE

* BEP2 : It has a relatively low market capitalization and is often considered a more volatile asset compared to BEP20.

* BEP20 : Shows stronger stability due to its price reached to BNB, making it a popular choice for Stablecoin applications.

Comparison of token resources

| RESOURCE | BEP2 | BEP20 |

| — | — | — |

| Total Supply | 10 billion | 6 billion |

| Stock Rewards | Available | Not available (but can be betted) |

| Governance functionality | Limited | Comprehensive |

| Use Cases | Utility, Governance | Stablecoin, loan, negotiation |

Conclusion

BEP2 and BEP20 are native tokens in Binance’s smart chain, each with its own set of use cases and characteristics. The choice between them depends on their specific needs and priorities:

• If you need a utility token for governance or rewards within the binance ecosystem, BEP2 can be a better adjustment.

• For Stablecoin loan applications and services, BEP20 is a popular choice due to its lower transaction costs and stronger stability.

Remember that both tokens have their own community support and are designed to work together with other BNB-based projects.

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