Recently, crypto tokens are revolutionizing the way we complete financial transactions. These tokens have underlying values in the cryptocurrency market. They are developed by deploying smart contracts in popular blockchains such as Ethereum (ETH), Tron (TRX), Solana (SOL), Binance Smart Chain (BSC), etc.
The Binance Smart Chain (BSC) is among the world’s largest blockchain ecosystems. It provides much-needed infrastructure, including lower gas fees and quicker transaction speeds, which has led to the launch of several BEP-20 standard tokens.
BEP-20 is a standard token on BSC, comparable to Ethereum’s (ETH) famous ERC-20 standard token. Its primary objective is to offer developers a flexible format to launch a wide range of tokens on BSC, including native tokens and peg tokens.
In this article, we will explore the Binance Coin (BNB), Binance USD (BUSD), and Carlossy Caterpillar (CARL), three existing BEP-20 tokens on the Binance Smart Chain (BSC) Network.
Binance Coin (BNB)
We can’t discuss the Binance Smart Chain (BSC) without referencing Binance Coin (BNB). BNB is the underlying BEP-20 cryptocurrency that secures two parallel chains on the Binance network — the Binance Chain and the Binance Smart Chain.
Although at the time of writing, it ranks the fifth largest token by market cap on Coinmarketcap, several factors suggest this digital asset has more to offer the cryptocurrency market.
First, BNB’s close ties with Binance Exchange, the world’s largest and most liquid cryptocurrency exchange, boost its appeal. Secondly, BNB developers continuously increase the project’s use cases within the ecosystem, including transaction fee payments and staking on DeFi protocols. Binance coin (BNB) offers users discount transaction fees on the Binance network and is tradable on BSC top applications like PancakeSwap (CAKE).
Binance USD (BUSD)
Binance USD (BUSD) is a 1:1 USD backed stablecoin issued by Binance in collaboration with Paxos and approved and regulated by the New York State Department of Financial Services (NYDFS).
As a stablecoin, it aims to combine the dollar’s stability with blockchain technology. The result is a stable token price that offers users stable buy opportunities.
The BUSD has several use cases and plays critical roles in payments, transactions, settlements, and decentralized finance (DeFi).
Users can swap in and out of crypto projects without relying upon traditional currencies while earning interest on Binance coin (BUSD) via low-risk crypto saving accounts. Thanks to its low transaction fees, users can also transfer BUSD quickly anywhere on the Binance network.
Carlossy Caterpillar (CARL)
Carlossy Caterpillar (CARL) is a new BSC-based meme cryptocurrency. It was created due to a dispute between two companies, Mark & Spencer and a German company, Aldi, over the alleged plagiarism of a product (caterpillar cake).
However, Carlossy Caterpillar (CARL) is more than just a meme coin; it was designed to be a space for individuals who appreciate memes and caterpillar cakes and to provide a means for them to enjoy their interests and earn.
Carlossy Caterpillar (CARL) also exists to help develop the blockchain system and offer a new digital asset to help take financial power away from centralized institutions through decentralization.
The coin is currently in presale and offers mouth-watering perks, including a 20% when you buy with BNB. Additionally, users will receive 10%, 8%, or 5% incentives when they buy CARL during the first, second, and third presale stages.
Binance Smart Chain (BSC) is an excellent blockchain network with several features which ranks it among the most sought-after blockchain networks. As a result, It houses a spectrum of projects and their underlying BEP-20 standard tokens.
While Binance Coin (BNB) and Binance USD (BUSD) remain the undisputed heavyweights in the BSC ecosystem, there are other exciting BEP-20 standard tokens in the cryptocurrency market, including debuting assets like Carlossy Caterpillar (CARL). With exciting presale offers and amazing growth potential, this token might be the next big hit on the Binance Smart Chain network.
Visit these links to learn more about Carlossy Caterpillar (CARL) and its presale.
Carlossy Caterpillar (CARL)