About two weeks ago, The Block reported that Binance is courting projects from other blockchain platforms to migrate their tokens to the newly-released Binance Chain platform. The firm has seen some success in this regard, as some relatively established tokens intend to make the switch.

One of the perks that comes with the transition is the possibility of a listing on the Binance DEX exchange – Mithril is one such example, but 24-hour volume is only around 36.3 BNB (~$800) at the moment. In any case, here’s 3 projects that are moving their tokens from other blockchains to Binance Chain.

Mithril (MITH)

Mithril aims to build a social media platform that rewards content creators for their contributions. This process is called “social mining”, and grants rewards depending on the influence of their posts. The first social media platform supported by Mithril is PiePie, a video-sharing app.

Buy/Sell Mithril (MITH)

Mithril was one of the first projects to announce the move from Ethereum to Binance Chain. MITH was the first token to be listed on Binance DEX, and is currently part of the only trading pair on the exchange (BNB/MITH).

The coin saw a massive spike on April 18 when the migration to Binance Chain was first announced, growing from $0.047 to $0.081 within a day. However, the price has already fallen below the pre-spike levels, and MITH is currently trading at $0.043.

Gifto (GTO)

The Gifto project shares some similarities with Mithril, as they are both focused on the social media sphere. Gifto is designed to give fans a way to reward their favorite social media creators with various blockchain-based virtual items. The Gifto project actually has some history with Binance, as it held an IEO on Binance Launchpad in December 2017, more than a year before the current IEO boom.

Buy/Sell Gifto (GTO)

In their announcement, the Gifto team say they opted for Binance Chain due to its improved speed over Ethereum, which they say makes Binance Chain more suitable for mass adoption. This, combined with predictable transaction fees, makes Binance Chain a more suitable experience for mainstream users according to Gifto.

However, the project will continue to support ERC-20 GTO tokens:

"Over at least the next year, the Gifto Wallet will support both flavors of the Gifto token — both ERC20 and BEP2, and display them both as a unified GTO token in the Gifto Wallet."

Red Pulse Phoenix (PHX)

Red Pulse is a platform designed to deliver intelligence about the Chinese economy and markets. The PHOENIX platform attempts to take the Red Pulse product to the next level by leveraging machine learning and natural language processing to match clients with relevant industry experts.

Buy/Sell Red Pulse Phoenix (PHX)

Originally launched on NEO, Red Pulse plans to continue supporting NEP-5 PHX tokens alongside the BEP-2 tokens. The BEP-2 tokens will have the PHB ticker.