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Binance will launch a platform that supports token creation and ICOs in the coming months.
Binance’s CEO, Chang Peng Zhao, or more familiar as CZ revealed his company future plans to support the development of blockchain technology.
Speaking at the “Decrypting Blockchain for Business” event in Singapore, CZ said that his company will launch Binance Chain, whose functions are similar to Ethereum's, which are enabling new cryptocurrencies creation and facilitating ICOs.
Through the new platform, CZ expects to “push hard” to make crypto’s old vision of payment adoption to increase, which would eventually lead to global adoption,as reported by Forbes.
He didn’t mention any exact time frame on the new project, however, according to Binance’s official Twitter account, it will be ready “in the coming months”. The new platform is also expected to host millions of token creation projects.
#Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens. @cz_binance @ForbesAsia #ForbesBlockchain pic.twitter.com/0pc0r1lXd2
— Binance (@binance) December 4, 2018
Despite the ongoing bear market, CZ firmly believes that the future of cryptocurrency is still very promising. In a previous interview, he mentioned that 2019 will be the year of crypto adoption.
Through his Twitter account, CZ can also be found encouraging crypto enthusiasts to stay strong during the bear cycle. "Crypto is not going away," he tweeted. Another time he said, "Been through this many times already. Secret of success? Keep your head down and build."