Dvision Network to Deploy BEP-20 Token on Binance Smart Chain
which indicates the official launch of the bridge on May 20. As part of the development, Dvision Network will integrate a BEP20 version of its token.
The blockchain-based NFT Metaverse platform will also launch a bridge that will connect the Ethereum and Binance Smart Chain ecosystems. Additionally, users will be able to exchange the DVI ERC20 token for an equivalent bsc token generator through the multi-chain bridge.
Multi-chain bridge via partnership with Curvegrid
The Multi-Chain Bridge is built in partnership with Curvegrid. It should be noted that Dvision and Curvegrid announced a strategic alliance several months ago, and this is the first significant result of the collaboration between blockchain projects.
The migration to Binance Smart Chain will be done through the "Looking Glass" asset portal bridge based on the Curvegrid MultiBaas blockchain middleware. This blockchain architecture will ensure smooth and convenient cross-chain transfer of DVI from ERC-20 to BEP-20 and vice-versa.
DVI said the decision to integrate Binance Smart Chain is in line with its existing roadmap. The VR blockchain platform believes that BSC is an ecosystem that can drive the next generation of decentralized applications.
BEP-20 tokens represent a diverse range of crypto assets that do not have their own blockchain but reside on the Binance Smart Chain (BSC). create bep20 token is a technical standard that has emerged to be used for all smart contracts on Binance Smart Chain for Token implementations.
Binance Smart Chain is also highly scalable and supports smart contracts with fast confirmation speed and low transaction fees. Migration to BSC will also help Dvision develop advanced smart contract capabilities ensuring users can take advantage of the speed and low transaction fees of BSC-based products.
Dvision Network also examines the current trend in the crypto space, which has tipped in favor of BSC. Binance Smart Chain has overtaken Ethereum in daily trading volume and will only continue to grow in size.
Ethereum and BSC compatibility
Dvision Network also noted that the DVI BEP20 token would not replace the existing DVI ERC20 token. The two tokens will co-exist and the bridge will help users switch between the two ecosystems. This will ensure that DVI is a truly multi-chain token and that holders will use the token to transact across the BSC and Ethereum ecosystems.
Dvision Network has already performed several tests on the bridge and will integrate a user-friendly interface for the launch scheduled for May. Dvision will provide more information on DVI use cases on the create bsc token ecosystem prior to launch. Dvision Network has officially announced on its Twitter account that the bridge will be available on May 20, about a week away.
A major development for Dvision Network
The launch of the Multi-Channel Bridge is an important milestone for Dvision Network in its quest to become the leading NFT Metaverse platform. Dvision recently released a limited edition for NFT characters and auctioned it off on the popular OpenSea Marketplace.
The launch of NFT was a success and exposed the virtual reality platform to a new market of NFT enthusiasts. Dvision Network continues to expand its use cases with the DVI token.
About Division Network
Dvision Network provides a web-based real-time 3D VR metaverse service so that users can easily experience metaverse content such as fairs and games. On the Division platform, anyone can easily create NFT assets without any development expertise. The division’s NFT trading system enables the bep20 token generator monetization by directly connecting creators and consumers without intermediaries. It serves to connect the virtual world to reality.
All of these products are powered by the DVI Dvision Network utility token, which is listed on multiple exchanges including Uniswap, Bithumb, Coinone, and Hoo.
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