$BNB
Post
Elon Jamess
·
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The $BNB Beacon Chain Token Recovery Tool is now moving into its sunset phase.
Phase 1 of the $BNB Beacon Chain Token Recovery will wrap up on April 30, 2026, as part of a three-phase process.
Despite broader market strength, $BNB has slipped slightly, down 0.77% in the past 24 hours, even as most cryptocurrencies are posting gains.
$BNB Chain has urged users to begin migrating tokens as soon as possible to avoid delays. The recovery tool allows users to move assets from the $BNB Beacon Chain to the $BNB Smart Chain, but only BEP2 tokens that are mirrored as BEP20 are eligible. It’s also important to note that permissionless mirroring (BEP84) has been permanently disabled.
The recovery process involves five steps → selecting the token, initiating recovery, entering and confirming a BSC address, switching networks, and waiting for finalization, which currently takes about 7 days before tokens are received.
The sunset plan is divided into three phases →
• Phase 1 ends April 30, 2026
• Phase 2 runs from May 1 to June 30, with longer processing times due to batch handling
• Phase 3 begins July 1, where recovery will be manual and require transaction signing (end date yet to be announced)
As for price action → $BNB is currently trading around $672.01, with a slight daily dip, but still holding a +3.97% weekly gain and +7.02% monthly growth.
#Binance #squarecreator
Despite broader market strength, $BNB has slipped slightly, down 0.77% in the past 24 hours, even as most cryptocurrencies are posting gains.
$BNB Chain has urged users to begin migrating tokens as soon as possible to avoid delays. The recovery tool allows users to move assets from the $BNB Beacon Chain to the $BNB Smart Chain, but only BEP2 tokens that are mirrored as BEP20 are eligible. It’s also important to note that permissionless mirroring (BEP84) has been permanently disabled.
The recovery process involves five steps → selecting the token, initiating recovery, entering and confirming a BSC address, switching networks, and waiting for finalization, which currently takes about 7 days before tokens are received.
The sunset plan is divided into three phases →
• Phase 1 ends April 30, 2026
• Phase 2 runs from May 1 to June 30, with longer processing times due to batch handling
• Phase 3 begins July 1, where recovery will be manual and require transaction signing (end date yet to be announced)
As for price action → $BNB is currently trading around $672.01, with a slight daily dip, but still holding a +3.97% weekly gain and +7.02% monthly growth.
#Binance #squarecreator