Binance, the prominent cryptocurrency exchange, has decided to phase out its BNB Beacon Chain, urging all projects and token holders to move their assets to the BNB Smart Chain. This transition needs to be completed swiftly to avoid any potential loss of assets, as the exchange will not be liable for any losses incurred after the deadline. Binance has initiated a comprehensive plan, setting June 2024 as the cutoff date for projects to transition their assets from the BNB Beacon Chain to the BNB Smart Chain. The exchange has been proactive in communicating with the projects involved to facilitate a seamless transfer before the established deadline.
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