BEP2 is a technical standard used for issuing and managing tokens on the Binance Chain. Tokens created using the BEP2 standard can be sent, received, and stored on the Binance Chain. This standard was created by Binance, one of the largest cryptocurrency exchanges in the world, to enable the creation of new digital assets that can be traded on their platform.
Tokens created using the BEP2 standard are different from tokens created on other blockchains, such as Ethereum or Bitcoin. These tokens are specifically designed to work within the Binance Chain ecosystem, allowing for fast and low-cost transactions. The BEP2 standard also includes features like token minting, burning, and freezing to help manage the supply and circulation of tokens on the Binance Chain.
Overall, the BEP2 standard has become popular among projects looking to issue tokens for trading on the Binance exchange. By following this standard, these projects can benefit from the network effects and liquidity available on the Binance Chain, as well as the support and resources provided by Binance.
