TrustEd to launch initial token offering on Binance Chain

​TrustEd, an Australian start-up dedicated to bringing transparency to verification of academic credentials via blockchain, and Binance, the world’s largest cryptocurrency exchange and developer of proprietary blockchain Binance Chain, have entered an agreement to launch TrustED on Binance Chain.

TrustED was initially poised to utilize the Ethereum blockchain for its application use case, however, with the introduction of Binance Chain, TrustED is excited to announce the agreement with Binance to offer to be one of the first startups to utilize Binance Chain.

Kosta Batzavalis, TrustED CEO, commented on the importance of the partnership, " Being one of the first projects on Binance Chain is not only an honor but also a massive stepping stone for the TrustED project. With Binance technology behind us, TrustED can deliver on SLAs and security requirements necessary to make a blockchain-based academic solution enterprise-grade.”  TrustED will be among the very first tokens to be launched on Binance Chain.

Ted Lin, Chief Growth Officer at Binance said, "Binance Chain and the introduction of the Binance DEX enables thousands of crypto tokens and companies to utilize the technology in an efficient and effective manner. We’re excited to have TrustED be one of the first startups to utilize Binance Chain and look forward to the growth that is to come in further bringing cryptocurrency mainstream.”

In addition to utilizing Binance Chain and the accommodating support to establish the TrustED application, TrustED plans to conduct a public token offering in the near future to assist with further fundraising and community building. TrustED will be the first Initial Token Offering to take place with the native Binance Chain BEP2 Token standard.