Members of the BNB Chain have conveyed that Binance will cease all operations on the BNB Beacon Chain (BEP2) by June 2024. As part of this decision, Binance has established a deadline for all BEP2 token deposits, excluding Binance-pegged tokens (B-tokens), which must be completed by May 15, 2024, at 00:00 UTC. This move is aligned with the broader strategy of phasing out the BEP2 network and fully transitioning to the more advanced BEP20 network.

All users holding BEP2 B tokens are advised to transfer them to Binance accounts before the final day of the network shutdown in June 2024. Once circulating on their original network, token holders can reclaim these tokens through the Binance network or other networks specifically supported by Binance, ensuring ease and continuity.

In accordance with the Binance exchange review, users should note that they can continue making deposits for all BEP2 tokens until May 15. From May 1 onwards, BEP2 B-tokens will be the only accepted currency until the network is completely shut down in June. Users should regularly check the current deposit status page on Binance for updates and ensure compliance with the revised deadlines.

These actions reflect the global implementation of the previously introduced BNB Beacon Chain Fusion Roadmap. This roadmap spans six months and outlines the precise steps necessary for BEP2 initiatives to connect their tokens to the BEP20 platform and subsequently migrate the assets on-chain. The aim of this process is to streamline procedures and enhance network efficiency.

The community deeply appreciates Binance's dedication to keeping all users consistently informed through announcements and updates. For those closely following the network transformation, Binance has provided various informative platforms, ranging from the BEP2 Network Sunset Plan detailing actions required for BEP2 projects to the BEP2/BEP8 Asset Sunset Announcement.

Amidst the implementation of these changes by Binance, users are reminded to remain vigilant and exercise informed judgment regarding the security of their digital assets in relation to the new protocols. Binance's phased transition signifies the exchange's ongoing efforts to improve functionalities, deliver more reliable services, and meet the needs and preferences of its members.

Given the possibility of discrepancies in the translated English version of this original article, readers are encouraged to refer to the source material for the most up-to-date and accurate information in cases where inconsistencies arise.