Binance has completed the Binance Coin (BNB) mainnet swap and has opened deposits and withdrawals.
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After the mainnet swap is complete, BNB deposit addresses will change.
Original ERC20 BNB tokens can still be deposited to your ETH deposit address on Binance after the swap.
Binance will automatically convert these ERC20 BNB tokens to Binance Chain mainnet BNB tokens for you.
On April 18, 2019, all pre-selected validators were online to produce blocks with consensus from the genesis block with an initial total supply of 200,000,000.
Same as the ERC20 BNB, 11,654,398 of the total BNB supply was burned on the Binance Chain and 48,000,000 BNB was frozen.
The first batch of 5,000,000 BNB was allocated and deposited into an address belonging to Binance.com 549 in order to convert the ERC20 BNB for existing owners.
Binance has burned 5,000,000 ERC20 BNB as well, to keep the total supply of BNB constant.
As more users convert to BEP2 BNB (native), more BEP2 coins will be released and proportional amounts of ERC20 BNB will be burned while keeping the total supply across both networks constant.