BEP-2 is a technical standard for the issuance and implementation of tokens on the Binance Chain. This standard defines a set of rules that tokens should follow to function in the Binance Chain ecosystem. A comparable token standard for issuing tokens on the Ethereum blockchain is ERC-20.
BEP-2 isn’t a piece of software, but rather a set of technical specifications. These rules ensure that tokens in the Binance Chain ecosystem can seamlessly interact with each other. BEP-2 tokens can represent a wide range of digital assets and tradable goods. The standard ensures that they can all smoothly integrate with each other and the surrounding ecosystem.
The BEP-2 standard also defines some of the basic and most essential features of tokens issued on Binance Chain. While the standard defines the rules, different tokens will still have different implementations for the specific use cases they’re created for. Still, creating a standard like this significantly decreases the amount of effort required from developers to issue tokens.
The native asset of Binance Chain is BNB, which is used to pay for fees (similar to gas). This means that when you’d like to transfer your BEP-2 tokens, you’ll also need to have a small amount of BNB in your wallet.
You can store BEP-2 tokens in many different wallets. Trust Wallet is an excellent option if you’d like to use a mobile wallet, but many other software wallets also support the standard. The BEP-2 standard is also supported by hardware wallets, such as the Ledger Nano X, Ledger Nano S, Trezor Model T, or the Coolwallet S.
You can browse all tokens that were issued on Binance Chain in the Binance Chain block explorer.
You can issue BEP-2 tokens using this portal. It’s highly recommended to read through the more detailed technical specifications on the Binance Chain GitHub first. If you’d like to play around with BEP-2 token ideas, you can do that on the Binance Chain testnet.
You’ll find detailed technical guides on the issuance of tokens, and many related topics in the Binance Chain Documentation.