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Binance Chain

Binance Chain is a blockchain platform created by Binance, one of the world's largest cryptocurrency exchanges. Launched in 2019, Binance Chain focuses on providing a fast and secure platform for issuing and trading digital assets, including tokens pegged to real-world assets.

Key Features:

  • Fast and Efficient Trading
  • Native BEP-2 and BEP-8 Tokens
  • Decentralized Token Issuance
  • Low Transaction Fees
  • Integration with Binance DEX

Use Cases:

Binance Chain is used for creating and trading various types of tokens, including utility tokens, stablecoins, and other digital assets. It provides an ecosystem for users to participate in token offerings and decentralized trading.

Learn More:

For more information, you can visit the Binance Chain official website.

Visit their official website to learn more:
Accounting Features Supported for
Binance Chain
Cost Basis & Inventory Tracking
Unrealized G/L & Impairment Calculation
Reconciliation & Sanity Checks
DeFi Protocols
NFTs Valuation
Automated Rule Categorization
Integration to ERPs, QBO, Xero, Netsuite, etc.

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