Crypto trading platform FXT reportedly revealed details regarding its release of a BEP-20 token, following the major growth surge of 1,500% its ERC-20 token experienced, since its January rollout. 

Specifically, The new token – which is developed across the Binance Smart Chain – is reportedly created with a primary goal of bringing down transaction costs and settlement times, in comparison with the previous Ether-powered version. 

Apart from improving the altcoin’s overall performance, efficiency and utility-wise, FXT looks to finalize the listing of its token on a variety of crypto exchange platforms, for an international-scale access. 

Taking into account lower price threshold as well as a history of major returns on investment, FXT reportedly forecasted a significant stream of investors from across the globe, and has high beliefs that the BEP-20 token would be able to “replicate the success of its variant — ERC-20 Token.”

Although additional specifics are yet to be disclosed to the general audience, FXT will reportedly likely channel initial coin offering funding towards widening the scope of its services, together with preparation for replicating token releases of the same type in the future. 

Since the inception of the Ethereum blockchain, ERC-20 tokens have reportedly managed to secure the leading spots in market capitalization performance.

Recently, Ryan Selkis – Head of Messari – was emphatic upon the fact that ERC-20 tokens now accumulates to approximately 49% ($25.6 billion) of the total assets within the Ethereum blockchain.

Complementing the existing BEC-20 adoption hype, Immunefi’s most recent alliance forged with Binance Smart Chain will reward whitehat hackers who found vulnerabilities in BSC-hosted initiatives.