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# Asset Management | ||
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The BNB Chain community recently introduced [BEP333: BNB Chain | ||
Fusion](https://github.com/bnb-chain/BEPs/pull/333). This | ||
BEP aims to retire the BNB Beacon Chain from the BNB Chain ecosystem. | ||
The goal is to enhance the development efficiency, security, and asset | ||
utilization efficiency of BSC. It also aims to reduce the maintenance | ||
costs of legacy services. This tutorial aims to help digital asset | ||
issuers and holders on the BNB Beacon Chain transfer the value of their | ||
assets, | ||
including [BEP2](https://github.com/bnb-chain/BEPs/blob/master/BEPs/BEP2.md)/[BEP8](https://github.com/bnb-chain/BEPs/blob/master/BEPs/BEP8.md) | ||
tokens, before and after BC Fusion. By following this guide, users can | ||
avoid any potential losses of their valuable digital assets. | ||
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***NOTE: The BC Fusion program is scheduled for implementation in April 2024. Please ensure careful planning for the | ||
asset migration and keep the fund safe.*** | ||
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## Bind Token | ||
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Please check the tutorial [**Confirm if the Assets Support Cross-chain Transfers**](../users/assets.md) to verify if the | ||
token allows cross-chain | ||
transfers. If the answer is positive, congratulations! You don't need | ||
to do anything. Otherwise, it is highly recommended to follow the | ||
[[Token Bind Tool | ||
here]{.underline}](https://github.com/bnb-chain/token-bind-tool) to | ||
deploy a BEP20 token on BSC and enable cross-chain functionality. | ||
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Due to the time limitation, the Token Issuer should take actions as soon as possbile. It is | ||
recommended that the Token Issuer use multiple channels to promptly | ||
notify asset holders to migrate as soon as possible. | ||
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***Note: BEP2/BEP8 assets that do not support cross-chain functionality | ||
will be permanently lost after BC Fusion. Users will be unable to | ||
recover these assets forever.*** |
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# Asset Management | ||
|
||
The BNB Chain community recently introduced [BEP333: BNB Chain | ||
Fusion](https://github.com/bnb-chain/BEPs/pull/333). This | ||
BEP aims to retire the BNB Beacon Chain from the BNB Chain ecosystem. | ||
The goal is to enhance the development efficiency, security, and asset | ||
utilization efficiency of BSC. It also aims to reduce the maintenance | ||
costs of legacy services. This tutorial aims to help digital asset | ||
issuers and holders on the BNB Beacon Chain transfer the value of their | ||
assets, | ||
including [BEP2](https://github.com/bnb-chain/BEPs/blob/master/BEPs/BEP2.md)/[BEP8](https://github.com/bnb-chain/BEPs/blob/master/BEPs/BEP8.md) | ||
tokens, before and after BC Fusion. By following this guide, users can | ||
avoid any potential losses of their valuable digital assets. | ||
|
||
***NOTE: The BC Fusion program is scheduled for implementation in April 2024. Please ensure careful planning for the | ||
asset migration and keep the fund safe.*** | ||
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||
## Before BC Fusion | ||
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Most valuable BEP2/BEP8 tokens such as BNB, BTC, and BUSD can freely | ||
move between the Beacon Chain and BSC networks. Users are strongly | ||
advised to transfer their assets to the BSC network to ensure a seamless | ||
and lossless transition, maintaining a 1:1 ratio. Of course, there are | ||
alternative channels available for asset transfers, such as utilizing | ||
centralized exchanges or decentralized cross-chain exchanges like | ||
Binance.com and [Thorswap](https://thorswap.finance/). | ||
However, these options are beyond the scope of this tutorial. | ||
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**Step1: Confirm if the Assets Support Cross-chain Transfers** | ||
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Open the Beacon Chain blockchain explorer, go to the [BEP2 | ||
Asset](https://explorer.bnbchain.org/assets/bep2) page or | ||
[BEP8 Asset](https://explorer.bnbchain.org/assets/bep8) | ||
page, and search for the token name to query it. Using BTC as an | ||
example, it is linked to a BSC Contract address, allowing for | ||
cross-chain transfers. | ||
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![img](../../assets/bcfusion/user-asset-management1.png) | ||
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In contrast to GTEX-71B, which lacks a BSC Contract address and thus | ||
does not support cross-chain transfers. | ||
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![img](../../assets/bcfusion/user-asset-management2.png) | ||
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If a user needs to transfer assets that don't support cross-chain | ||
transfers, it's strongly recommended to contact the token owner/issuer | ||
as soon as possible. **Ask the token issuer to refer to [the token bind tutorial](../owners/bind.md) for issuing BEP20 | ||
tokens on BSC and | ||
enabling cross-chain transfers. If the token issuer does not enable | ||
cross-chain transfer for the token before the sunset of BNB Beacon | ||
Chain, the funds will be lost forever and can not be recovered.** | ||
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**Step2: Simply Transfer the Assets to the BSC Network** | ||
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[BNB Chain | ||
Wallet](https://chromewebstore.google.com/detail/bnb-chain-wallet/fhbohimaelbohpjbbldcngcnapndodjp) | ||
and [Trust | ||
wallet](https://trustwallet.com/browser-extension) are | ||
suggested for this case. Taking BNB Chain Wallet as an example, once | ||
users import the accounts that have the tokens, they need to switch the | ||
network to "BNB Beacon Chain Network": | ||
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![img](../../assets/bcfusion/user-asset-management3.png) | ||
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Then, select the asset to transfer, enter the BSC account and the token | ||
amount. | ||
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![img](../../assets/bcfusion/user-asset-management4.png) | ||
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The BSC wallet will receive the token after approximately one minute. | ||
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## After BC Fusion | ||
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Following the retirement of Beacon Chain, it is believed that some users | ||
have not yet transferred their assets to the BSC network. BNB Chain is | ||
still providing relief measures for these users: [BEP299-Token | ||
Migration after BC | ||
Fusion](https://github.com/bnb-chain/BEPs/pull/299). | ||
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Although this solution has its limitations, it is important to note the | ||
following key points: | ||
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1. It is only applicable to assets that have enabled cross-chain features. **The BEP2/BEP8 assets will be permanently | ||
lost** **if not the case.** | ||
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2. Users are still responsible for securely storing their private keys on the Beacon Chain and using them for signing as | ||
proof. | ||
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3. The process of recovering assets will take up to 7 days to complete. | ||
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4. This solution is operated through the command line and does not provide any UI. | ||
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Considering these limitations, it is highly recommended that users | ||
complete the token transfer before BC fusion as much as possible. | ||
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The detailed guide for this solution will be published after the BC | ||
Fusion. | ||
Stay tuned for the update. | ||
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