Decentralized social media platform Mithril (MITH) has announced that it will be the first project to migrate to Binance Chain, a blockchain software system developed by Binance and the community.
“With migrating to the Binance Chain, MITH token holders will be the first to experience the speed, security, and user friendliness on the new Binance DEX platform while maintaining full control over their own funds,” Mithril blog post says.
MITH token to migrate from ERC-20 to BEP2. Binance users will be able to withdraw MITH to BEP2 wallets following the completion of the initial migration of ERC-20-based MITH to BEP2.
Binance launched Binance Chain on April 18, and expects to execute the swap of its native token Binance Coin (BNB) on April 23. Along with the launch of Binance Chain, the exchange provided details for the conversion of ERC-20 BNB tokens into native Binance Chain-based BNB (BEP2) coins.
Mithril is a social media platform that rewards content creators with its native token MITH. Due to the migration, the MITH rate has increased by more than 30%.