Binance has launched a new feature that allows users to convert crypto dust into BNB tokens. Changpeng Zhao (CZ), the Binance CEO announced the new feature via a tweet on April 23, 2018.
Crypto dust is a fractional cryptocurrency value. It is usually impossible to trade crypto dust because they are less than the transaction fees. Being lower than the minimum trading limit, it usually sits idle in user wallets.
The new feature will allow users of Binance to convert their cryptocurrency dust into useful tokens. Binance users will be able to convert crypto dust that is equivalent to less than 0.001 BTC into BNB tokens which are the native cryptocurrency of the Binance platform. They are used to pay transaction fees for all exchange and trade transactions on the platform.
At the moment of the press, these are main market parameters of Binance Coin:
- Average price: $13,95
- Market cap: $1 590 830 381
- 24h volume: $114 510 000