Day 2. (Part 1/2) The technical side of bStocks: how stocks become tokens
At first glance, bStocks look like ordinary crypto tokens—and that’s exactly what they are. They can be bought, sent to your own wallet, used in DeFi, or exchanged at any time of day. But behind this simplicity lies a well-designed infrastructure that connects the traditional stock market with the blockchain.
Technically, bStocks are BEP-20 tokens on the BNB Smart Chain network. Because of that, they have all the advantages of blockchain: transfers take only a few seconds, fees stay very low (literally cents—which is why I love BSC), and users can store assets both on Binance and in any compatible non-custodial wallet.
One of the key features is support for the BEP-677 standard (Scaled UI Amount), developed for tokenizing real-world assets. This is what makes it possible to use the Multiplier mechanism, through which corporate events are handled automatically.
#bstockscis @BinanceCIS
At first glance, bStocks look like ordinary crypto tokens—and that’s exactly what they are. They can be bought, sent to your own wallet, used in DeFi, or exchanged at any time of day. But behind this simplicity lies a well-designed infrastructure that connects the traditional stock market with the blockchain.
Technically, bStocks are BEP-20 tokens on the BNB Smart Chain network. Because of that, they have all the advantages of blockchain: transfers take only a few seconds, fees stay very low (literally cents—which is why I love BSC), and users can store assets both on Binance and in any compatible non-custodial wallet.
One of the key features is support for the BEP-677 standard (Scaled UI Amount), developed for tokenizing real-world assets. This is what makes it possible to use the Multiplier mechanism, through which corporate events are handled automatically.
#bstockscis @BinanceCIS