Binance DEX Lists Aeron’s CryptoBonusMiles (CBM) Token

Libra Coin News
Fri, 08/16/2019 - 15:52
Alex Dovbnya
The CBM token will now be powered by Binance Chain after abandoning Ethereum    
Cover image via 123rf.com

Aeron, a Blockchain startup that digitalizes and secures aviation logbook data, has announced that CBM, the token of its sub-project CryptoBonusMiles, has been added to Binance DEX.

The users of the second largest decentralized exchange were able to start trading CBM on Aug. 15.

Managing all bonus miles with one app  

Blockchain-powered loyalty aggregation program CryptoBonusMiles was launched by Aeron in September 2018. This is a useful tool for frequent flyers who have a hard time keeping up with a slew of bonus miles that often simply get expired. 

The app’s active users can be rewarded with CBM tokens that will allow them to purchase cheaper airline tickets. Back in November 2018, Binance conducted the CBM airdrop for ARN token holders. Now, the token can be bought or sold on Binance DEX.

      Abandoning Ethereum  
CryptoBonusMiles is the latest project to ditch Ethereum in favor of Binance Chain, the custom Blockchain of the Malta-based cryptocurrency giant. All ERC-20 CBM tokens are automatically converted to the BEP2 standard.

Mithril was the very first project to migrate to the new platform back in April, which resulted in triple-digit price growth.        

Because of its scalability and flexibility, Binance Chain has the potential to edge out Ethereum. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.