Key Points
- Binance announces the integration of Atomicals (ARC-20) tokens at Binance Inscriptions Marketplace.
- ARC-20 tokens are now added to a variety of already supported inscription tokens within the Binance Web3 Wallet.
In an official announcement, Binance reveals the integration of Atomicals (ARC-20) tokens at Binance Inscriptions Marketplace.
The update adds a new list of ARC-20 tokens to a wide variety of inscription tokens that are already supported within the Binance Web3 Wallet. These are BRC-20 tokens and Ethereum Virtual Machine (EVM) tokens.
ARC-20 is a fungible token standard built on the emerging Atomicals Protocol on Bitcoin. Fungible tokens are interchangeable, just like dollar bills. Each ARC-20 token is identical to another ARC-20 token of the same type. ARC-20 allows developers to build new tokens on top of the Bitcoin network.
BRC-20 is an experimental token standard that allows the minting and transferring of fungible tokens via the Ordinals protocol on the Bitcoin blockchain.
The Ethereum Virtual Machine (EVM) is a Turing-complete programmable machine that is “the computational heart of the blockchain network’s ecosystem”, Binance notes. EVM can be seen as a decentralized supercomputer that uses its resources to host and run applications, with the main target of executing smart contracts and DApps.
https://twitter.com/binance/status/1775795489583083712
Users can enjoy zero-fee trading on ARC-20 tokens today
Apart from the Native Segwit addresses, users can create or important their Taproot addresses to Binance Web3 Wallet now in order to start trading inscription tokens.
The exchange also announced that users can now enjoy zero-fee trading on ARC-20 tokens at Binance Inscriptions Marketplace.
The promotion period is 2024-04-03 00:00 (UTC) to 2024-06-02 23:59 (UTC).
Binance Inscriptions Marketplace is the exchange’s solution hosted within the Binance Web3 Wallet that allows users to inscribe and trade inscription tokens, such as BRC-20 tokens, EVM tokens, ARC-20 tokens, and more, within the Binance App.
Earlier, Binance also announced the 51st project that will be launched later today on Binance Launchpool, Saga (SAGA).
Binance will be the first exchange to list SAGA, with trading starting on April 9, 2024, at 2:00 PM UTC. The exchange announced the available pairs: SAGA/BTC, SAGA/USDT, SAGA/BNB, SAGA/FDUSD, and SAGA/TRY. The Seed Tag will be applied to SAGA.
Also, Binance has recently revealed that it will extend the Monitoring Tags to include more tokens.
