Stobox token will be launched on Binance Smart Chain

Stobox has included in their pipeline that the Stobox token will be launched on Binance Smart Chain and will look forward to the development of the necessary infrastructure. First of all we take a look on short introduction of Stobox and Binance Smart Chain.

What is Stobox?

Stobox provide you the financial technology solutions. If you are related to cryptocurrency, it will solve your problem in financial technology. Stobox is an award winning technology and has been in the block chain market for 2 years or so already. It also has a great team. The team has conducted over 3k hours of research, consulted 15 companies, tested both private and public technology infrastructure, partnered up with 10+ countries and won an asset tokenization of the year 2019 award on MALTA Blockchain summit. It has been recognized as one of the top 10 promising startups.

Stobox has a digital asset ecosystem and offers comprehensive securitization and tokenization services. The company professionals give personalized advice on how to structure the offering, choose the best technology etc. The greatest benefit of Stobox is its digital securities dashboard that offers a wide range of functions regarding securities offering and management.

Stobox digital securities dashboard was created for users to digitize securities and conduct all operations with them in a convenient digital environment. They can sell shares, pay dividends and conduct corporate voting. Digital securities swap is a decentralized solution to unlock secondary trading for security tokens.

The Stobox exchange is characterized by multiple membership levels. The higher turnover on the exchange, the higher the membership level you have and bigger the discount fee you will get on other operations.

What is Binance Smart Chain?

Binance Smart Chain is an independent Blockchain. Binance Smart Chain (BSC) is a Blockchain network built for running smart contract-based applications. Binance Smart Chain runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of Binance Smart Chain. You can run Ethereum-based applications. Binance Smart Chain also implements the Ethereum Virtual Machine (EVM). Ethereum compatible smart contracts are supported by Binance Smart Chain.

BNB is the Binance ecosystem’s native utility token. BNB is used to pay the transaction fees on Binance platform, staking and transfer the assets. BNB also used to smart contracts on Binance Smart Chain.

What is new feature of Stobox Exchange?

The new feature of Stobox exchange is that the Stobox token will be launched on Binance Smart Chain. Stobox exchange will support BEP-20 standard. The voting was conducted between Stobox community members. 74% of Stobox community members voted for setting up Stobox token on Binance Smart Chain. Therefore Stobox has included it in their pipeline and will look forward to the development of the necessary infrastructure, the bridge, smart contracts, liquidity pools etc. Moreover Stobox is including Binance Smart Chain integration for the upcoming Stobox exchange.

There will be many benefits shifting towards Binance Smart Chain. For example: investors can choose a desired chain to purchase a Stobox token. Gas commissions on Binance Smart Chain are extremely low as compared to the Ethereum. Stobox can attract more investors in Asia by shifting on Binance Smart Chain because Binance extremely popular in Asia. Unlocking a second chain would result in an increased amount of token holders.

Final Thoughts

Hopefully the new feature of Binance Smart Chain would positively impact on Stobox. It will open the new doors for investors and encourage the people to participate in Stobox tokens with low fees of transactions.

Useful Links:

Website link: https://stobox.io

Register for Early Access Stobox Exchange: fopik.com/go/stobox.php

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