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Binance Completes ApeCoin Contract Swap on BNB Smart Chain

Binance has finalized the ApeCoin contract migration on BNB Smart Chain and reopened deposit and withdrawal services for the updated token.

BNB
APE

Summary

According to an official announcement from Binance, the exchange has completed the ApeCoin (APE) contract swap on the BNB Smart Chain. The migration was conducted at a 1:1 exchange ratio, ensuring users received an equivalent amount of the new APE tokens. Deposits and withdrawals for the updated ApeCoin are now available, while the old token version has been retired from withdrawal eligibility.

Terms & Concepts
  • ApeCoin (APE): A cryptocurrency token associated with the Bored Ape Yacht Club ecosystem and used in various blockchain applications.
  • BNB Smart Chain: A blockchain network developed by Binance, designed for fast and low-cost decentralized applications.
  • Contract swap: The process of migrating a cryptocurrency from one smart contract to another, often to upgrade features or improve security.