Binance has launched its own blockchain, which will open to the public on 23rd of April. All Binance Coins (BNB) which were previously launched on Ethereum, will be migrated to its own blockchain. Like Ethereum’s ERC-20 token standard, Binance has its own token standard, called BEP-2. Users can create a new token on Binance Chain just like they can do on Ethereum, except Binance Chain is not as programmable as Ethereum. Crypto enthusiasts say that Binance is taking a huge part of Ethereum’s use case which is crowdfunding in the form of ICOs. Now that Binance Chain is live, crowdfunding might migrate from Ethereum to Binance. Binance Chain also hosts Binance’s decentralized exchange. However Binance Chain has only eleven validators, which are owned by Binance, thus Binance DEX is semi-decentralized.