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IOTA now has a packaged version of its native token available for use in the Binance Smart Chain. According to an announcement released on March 29, this integration is the first step in increasing IOTA’s liquidity across multiple chains.
The IOTA / Binance Bridge enables users to send IOTA to the exchange service to exchange the tokens for Binance IOTA. The bridge will work both ways and will be the primary portal for IOTA token holders to enter the Binance Chain ecosystem.
Tokens exchanged via the bridge are displayed as IOTA BEP20 tokens in the Binance wallet connected to the service, so that users can trade, exchange and use their tokens.
The IOTA team advises that IOTA living in the BSC chain precedes the announcements of other assets available on the IOTA network. No details have been given yet on specific tokens and whether this Binance Smart Chain integration is part of a larger agreement to only move Binance tokens to IOTA.
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