$VCG was released on Binance Smart Chain, in BEP-20 standard. BEP-20 is a token standard on Binance Smart Chain that surpasses ERC-20, the most common Ethereum token standard. Think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage. Due to its similarity to Binance Chain’s BEP-20 and Ethereum’s ERC-20, it’s compatible with both, and both can be written in native ETH technology, Solidity.
BEP-20 was created as a technical specification for Binance Smart Chain, with the goal to provide a flexible format for developers to launch a range of different tokens. These could represent anything from shares in a business to dollars stored in a bank vault (i.e., a stablecoin). VCG created a technology that fully integrates BEP20 with the ecosystem and platform of VCGamers. Henceforth, users and investors will feel the benefits of having the token running primarily on Binance Smart Chain, and of integration across various ecosystems that we have done and will continue to do in the future.
With maximum integration of $VCG with the Binance Smart Chain, we open up the possibility for a vast expansion in the long run. With our utility value, we can ensure flexible utilization of the token in a variety of platforms and services. Also, BEP-20 token transactions are fueled by BNB. This provides an incentive for blockchain validators to include $VCG transactions, as they will collect BNB as a fee for their contribution to the $VCG ecosystem.