{"id":"bep-2","version":1,"language":"en","title":"BEP-2","hidden":false,"content":"**BEP-2** or Binance Chain Evolution Proposal 2 is a technical standard used for the issuance and implementation of tokens on the [Binance Chain](https://iq.wiki/wiki/binance-smart-chain). This standard defines a set of rules that tokens should follow to function in the BNB Beacon Chain ecosystem. [\\[1\\]](#cite-id-j3t95cczhkl)  \n  \n# Overview  \n  \nBEP-2 was launched in 2019. The standard is not software but a set of technical specifications that defines a set of rules that tokens should follow to function in the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem. Before the Binance chain, BNB was built on the [Ethereum blockchain](https://iq.wiki/wiki/ethereum), where most tokens are built, using the [ERC-20](https://iq.wiki/wiki/erc-20) standard. With the Binance Сhain transition, the native token was recreated based on the BEP-2 standard. [\\[1\\]](#cite-id-j3t95cczhkl)[\\[2\\]](#cite-id-jdr8htefrh)  \n  \nWhile the Binance Chain is optimized for ultra-fast trading, it has a sister chain, Binance Smart Chain (BSC) that is focused on running smart contacts and decentralized applications without congesting the original chain. Because of this dual-chain architecture, BEP-2 tokens can be easily swapped for their [BEP-20](https://iq.wiki/wiki/bep-20) equivalent.[\\[4\\]](#cite-id-wmvgnjj9xke)  \n  \nBEP-2 tokens are tradable assets that can be traded on [Binance DEX](https://iq.wiki/wiki/binance-dex), a decentralized exchange running on top of [Binance](https://iq.wiki/wiki/binance). They can also be held in a wallet similar to [Ether](https://iq.wiki/wiki/ether-eth), and are subject to similar rules about gas and transfer fees. [\\[2\\]](#cite-id-jdr8htefrh)  \n  \n# Utility  \n  \nBEP-2 standard can be utilized to create native tokens. [ICOs](https://iq.wiki/wiki/initial-coin-offering) can issue the tokens for fundraising, and businesses can digitize real-world assets, such as commodities or real estate, through tokenization. Additionally, BEP-2 tokens serve as a means of exchange, enabling users to trade and access various services within the [BNB Chain](https://iq.wiki/wiki/binance-smart-chain) ecosystem. [\\[3\\]](#cite-id-oqhe8ifnwu)  \n$$widget0 [YOUTUBE@VID](BX2PzuxDd9s)$$","summary":"BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance chain, defining rules for functioning in the BNB Chain ecosystem.","categories":[{"id":"cryptocurrencies","title":"Cryptocurrencies"}],"promoted":0,"tags":[{"id":"BinanceSmartChain"},{"id":"Glossary"}],"metadata":[{"id":"references","value":"[{\"id\":\"j3t95cczhkl\",\"url\":\"https://academy.binance.com/en/glossary/bep-2\",\"description\":\"bep-2 - binance academy \",\"timestamp\":1690384119756},{\"id\":\"jdr8htefrh\",\"url\":\"https://learn.bybit.com/glossary/definition-bep-2/\",\"description\":\"bybit - bep 2\",\"timestamp\":1690388652727},{\"id\":\"oqhe8ifnwu\",\"url\":\"https://github.com/bnb-chain/BEPs/blob/master/BEP2.md\",\"description\":\"github documentation\",\"timestamp\":1690389039793},{\"id\":\"wmvgnjj9xke\",\"url\":\"https://coinmarketcap.com/alexandria/glossary/bep-2-binance-chain-tokenization-standard\",\"description\":\"BEP-2 on CMC\",\"timestamp\":1692393200958}]"},{"id":"github_profile","value":"https://github.com/bnb-chain/BEPs/blob/master/BEP2.md"},{"id":"previous_cid","value":"QmS6ucrTbvwbHFmdbxFFuWRy8ew1n81Fdq6TPKE7HQz2fy"}],"user":{"id":"0x6753061a4cffbc0A617e57E956A298D88702a94B"},"author":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb","profile":{"username":"zainab","avatar":"QmZzhTxNPnCKWpsPJtS1YeZUiZ5vFSNHCeStpigLs2pRNt"}},"media":[{"name":"BX2PzuxDd9s","id":"https://www.youtube.com/watch?v=BX2PzuxDd9s","size":"0","type":null,"source":"YOUTUBE"}],"views":20,"events":[],"ipfs":"QmS6ucrTbvwbHFmdbxFFuWRy8ew1n81Fdq6TPKE7HQz2fy","transactionHash":"0x98bc24d6771d3b169d9b6e8007493c44a50df0a5ca67d26c823e57921de31c06","created":"2023-07-26T16:34:12.239Z","updated":"2023-07-26T16:34:12.239Z","images":[{"id":"QmRcGusL8aFfXdwpRBLSk3pUNfrcEsW4GwBvBStnsuP6sW","type":"image/jpeg, image/png"}],"linkedWikis":null}