Blockium Swaps Ethereum for Binance Chain Amid IEO

Cryptocurrency startup, Blockium has joined the growing number of projects migrating to Binance Chain from Ethereum. Announced Thursday, Blockium’s move to Binance Chain purportedly allows the startup to scale its financial gamification platform faster.

Blockium offers a peer-to-peer blockchain service that allows traders and to test their skills against friends and strangers on the platform with the goal of making large daily profits from trading stock, cryptocurrencies, FX and indices offered by global exchanges.

Interestingly, the latest move comes at a moment when Blockium is in the middle of its initial exchange offering (IEO) on Singapore based cryptocurrency exchange, Bitforex.

Funds raised from the token sales would according to the project roadmap augment the startup’s other fundraising efforts which had brought in at least over $12 million, and aid the firm’s planned Asian expansion in Q3.

Projects Migrating to Binance Chain

Blockium’s move to Binance Chain no doubt adds to the number of several blockchain projects leaving the Ethereum blockchain after Binance announced its independence in late April.

Available data shows that over 50 projects are currently developing their decentralized applications on Binance Chain, making it one of the fastest growing blockchains in the industry at the moment.