Eterbase Coin (XBASE) — Binance Chain Migration Plan

ETERBASE
2 min readJul 20, 2019

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We are moving to Binance Chain!

Dear Community,

We are delighted to announce that today 20.7.2019 at 18:00 GMT our Eterbase Exchange will open the XBASE-B/XBASE bridge market to allow all XBASE holders to replace their (XBASE) ERC223 token for the (XBASE-B) BEP-2 token at a price equal to 0.98 with 2% incentive in the swap price.

Link to XBASE-B/XBASE bridge market:

https://eterbase.exchange/markets/XBASE-BXBASE

The total number of tokens to be replaced is set to 550,000,000 XBASE tokens. Therefore, the expected final distribution of tokens will be 450,000,0000 XBASE tokens on Ethereum Network and 550,000,000 on Binance Chain.

All 550,000,000 XBASE ERC223 tokens collected during the swap will be burned, thus ensuring that the total supply of Eterbase Coin (XBASE) for both ERC223 and BEP-2 will remain the same as of now.

Once we collect 550,000,000 of tokens, we unfreeze and transfer 550,000,000 of XBASE BEP-2 tokens to the Eterbase Exchange wallets.

At this point, we will have the Binance Chain integrated, and XBASE BEP-2 token will be listed on Binance DEX exchange so we can open withdrawal and trading of the XBASE BEP-2 token. We expect this to happen by 30.7.2019.

Eterbase Exchange we will amend the tickers and names of its assets accordingly:

Symbol: XBASE-B

Title: Eterbase Coin BEP2

Explorer: https://explorer.binance.org/asset/XBASE-CD2

Symbol: XBASE

Title: Eterbase Coin ERC223

Explorer: https://etherscan.io/address/0x4d13d624a87baa278733c068a174412afa9ca6c8

Binance DEX symbol and ticker is already defined as:

Symbol: XBASE-CD2

Title: Eterbase Coin

Explorer: https://explorer.binance.org/asset/XBASE-CD2

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ETERBASE

ETERBASE is the first regulation-compliant European cryptocurrency exchange, offering fast, secure trading on a clean, powerful, user interface.