Aeron (ARN), an aviation blockchain project being designed used to prevent flight logs from being falsified or altered, announced that it will be adopting the Binance Chain and its BEP2 token standard.
Aeron takes a giant leap, moving to @Binance Chain! Fast blockchain with inexpensive transactions is perfect for Aeron aviation utility and @Binance_DEX will enable ultimate user experience. More details at https://t.co/0TPd1NDyn7 #DEXChangeTheWorld #bnb #arn #cbm #btc #bitcoin pic.twitter.com/Jmbe4g6zMX
— Aeron (@aeron_aero) May 4, 2019
According to the recent announcement, Aeron made the decision to migrate to Binance Chain, after considering other technology alternatives, for its “inexpensive transactions” and “fast blockchain.”
“As Binance Chain continues to develop and enable additional features, Aeron will follow these developments closely and will add features to BEP2 ARN token applications,” states the Aeron Team. “We are excited with this progression of our long term partnership with Binance, and looking forward to continued success and many new milestone achievements together.”
Notably, the impact of the announcement on the price of ARN has largely been tempered, indicating that a switch to Binance Chain isn’t always enough to spur investor interest. This comes as other Ethereum-based projects saw double-digit gains after indicating their intention to migrate.
ARN is currently down 0.2% on the day to $0.394991 and a $7.75 million market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.