The information about the BCH (Bitcoin Cash) token launched on the Smart Chain is derived from posts on X and web sources, though some clarification is needed. Bitcoin Cash (BCH) is natively a standalone blockchain that forked from Bitcoin in August 2017, not originally launched on the Binance Smart Chain (BSC, now BNB Smart Chain). However, there exists a tokenized version known as Binance-Peg Bitcoin Cash Token (BCH), which is an asset on the BNB Smart Chain, designed to represent BCH and enable its use within the BSC ecosystem. This response focuses on that tokenized version, as it aligns with your request for a "BCH token launched in Smart Chain."

The Binance-Peg BCH token is an ERC-20-like token (technically a BEP-20 token, the standard for BNB Smart Chain) issued by Binance to bring Bitcoin Cash’s utility to the BSC network. It is pegged 1:1 to native BCH on the Bitcoin Cash blockchain, meaning each Binance-Peg BCH token is backed by an equivalent amount of native BCH held in reserve by Binance. This allows users to transfer BCH into the BSC ecosystem via Binance’s bridge, where it can be used in decentralized finance (DeFi) applications, smart contracts, and other BSC-based platforms that the native BCH blockchain does not directly support. The token’s smart contract address on BSC is 0x8ff795a6f4d97e7887c79bea79aba5cc76444adf, and its total supply is relatively small compared to native BCH, with approximately 96,500 tokens, though this reflects only the bridged amount, not the native 21 million BCH cap.

Functionally, the Binance-Peg BCH token enables faster and cheaper transactions compared to the native BCH blockchain, leveraging BSC’s high throughput and low gas fees. It can be used for swapping, staking, or liquidity provision on BSC decentralized exchanges like PancakeSwap, as well as other DeFi protocols. The token retains the core ethos of Bitcoin Cash—peer-to-peer electronic cash—but adapts it to BSC’s infrastructure, which uses a proof-of-staked-authority (PoSA) consensus mechanism rather than BCH’s proof-of-work (PoW). Posts on X also mention related projects like Baby Cash ($BCASH), a reflection token on BSC that distributes native BCH rewards to holders, indicating community efforts to integrate BCH utility into BSC, though this is distinct from the Binance-Peg BCH token itself.

The native BCH blockchain focuses on larger block sizes (up to 32MB) for scalability, while the Binance-Peg version benefits from BSC’s ecosystem, which includes interoperability with Ethereum-compatible tools and a growing suite of dApps. The token’s creation expands BCH’s reach beyond its original network, aligning with Binance’s broader strategy of pegging assets to BSC for enhanced usability. Note that while native BCH supports basic token protocols and smart contracts, the Binance-Peg version is more seamlessly integrated into BSC’s smart contract environment, offering flexibility for developers and users in the DeFi space. If you intended a different BCH-related token on BSC, please specify, as this interpretation assumes the Binance-Peg version based on available data.