BEP-2 is a standard for tokens created by Binance to allow customers to send assets faster. The MATIC BEP-2 token was launched to provide added liquidity, autonomy, more trading pairs, and security for MATIC Holders.
Polygon Discontinues MATIC BEP-2
Polygon explained that it conferred with Binance to discontinue MATIC BEP-2 due to low usage of the tokens. Failing to achieve the purpose of its launch, the 150 million MATIC BEP-2 tokens will be discontinued. Polygon announced;
Polygon clarified that all BEP2 MATIC will burn when all users are swapping, wiping them from existence.
On the Flipside
Why You Should Care
Crypto projects are not immune to failing, and Polygon is looking to declutter as it builds to support multiple types of applications.
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Source: Cryptocurrency - investing.com
