Topic: Binance: $BNB The Future of Exchanges. - page 149. (Read 131883 times)

Can anyone explain Binance's GAS calculation.
What I don't get is "A hold NEO for three days which have 30, 300 and 60 respectively", why not just say "A holds 390", what is the significance of the 30,300,60 seperation ?
..and what is "Assume that the total distribution number of GAS is 1000 in this month" . Is the GAS distribution dependant on how much the total amount of NEO is held on Binance ?

I thought that GAS distribution is only dependant on how much NEO you personally own, not how much there is on the exchange.

From the Binance help page:

"3. Demonstration of the Rule
User A is in the scope of statistics, and A hold NEO for three days which have 30, 300 and 60 respectively. Therefore, the sum of daily NEO position is 390.
Assume that the total distribution number of GAS is 1000 in this month, and  sum of daily position number for all NEO users is 600000;
Thus, the actual distribution number of user A = 1000*390/600000=0.65"

Full details here.
https://support.binance.com/hc/en-us/articles/115000721311

I will not participate in this vote. It is not taken into account from the projects I ever expected.

Binance is great, but I think a few other exchanges are trying to do similar things. I've had a look at an upcoming ico - coin lion - and they are trying to do something similar to binance, but also add portfolio tracking and advice to the exchange so you can see what portfolios are doing well.

Detail here if you're interested:
https://bitcointalksearch.org/topic/ann-coin-lion-rule-the-digital-jungle-2350898

But the Binance airdrops and other features, like providing Gas from Neo is great. Makes it easier than having a bunch of different desktop wallets without losing out on things like airdrops and coins from bitcoin forks.

There is a lot of investors talking about this coin, there should be enough hype to make the price go up 6x.

It depends on the trader and for me binance is a good exchanges it is to handy exchange in an application stop loss? I don't use that in most cases but i agree with you it needs to be there it is next to be the big exchange.

Binance is a great exchange and the coin will prosper! I don't think they do buy backs, but they do burn a percentage of their profits reducing the overall supply. As the Binance exchange grows so too will the value of the coin. 2018 will be good for BNB

Agree, stop losses is necessary features in trading. When I was doing some research on the exchange, and I'm discovering the features has not been implemented its a big turn off for me. I think I will need more time to switch all my portfolios to Binance entirely until all the features implemented.

I am amazed by Binance. So far it has been the best trading experience for me! Gotten two airdrops sofar. 20 WTC and 100 TRX. The WTC are now worth alot! Also gas distribution for my NEO.

I do however think that they should be a little more transparant about how they are running those BNB buybacks. I cannot find any solid information about it or is it just me?

Binance had a quarter of the current trading volume 3 months ago. Now he has developed and continues to improve himself. I'm sure you'll pass Bittrex up on transaction volume.

Look for urself. Why would i post it otherwise? I removed the link.

I don't think it make any sense for Kucoin to list a competing project, or maybe you are just promoting your referrer link, BCT mod will likely delete your post soon

Binance will be one of the more unique exchanges. The Chinese are going to rule the game and also intrude the Western markets more.

Okay, I was supporting Binance all the way since it launched. But this page of this topic is not really pleasant to read. I need a working DEX, that is like Binance, but with 0 human interference. Thats the dream.

I am concerned that Binance does so many airdrops and trading contests recently. Isn't that a manipulation strategy?
The total prize pool on the recent Bitshares contest was ~9.5 BTC (680000 Bitshares and 3 iPhone X 256 GB). The trading volume for a week was >4675 BTC (4675 BTC is the volume traded by contest winners, I expect the total volume to be ~5000-5500 BTC), that should have generated total fees of ~9-12 BTC or less, factoring in the 50% fee discount for BNB holders.
It's suspicious to me that Binance announced such a large prize pool and the total fees are very close to the prize pool. I tend to think that Binance either allows insider trading or acts itself as a market-maker.

Guys pretty good news. If u want BNB to rise in value, lets face it we bagholders want that, vote for BNB to be listed on KUCOIN. Yes u read that right. Bnb can be listed on another exchange for the first time. Its allready in good position.

Binance just banned people for asking questions about coins which have been added to Voting



And another member banned for questioning fake retweets which are so obvious.
Its such a mess that Mods are threatening now that everyone will be banned who talks about the cheating on twitter


Edit : Third member banned for submitting an Image showing what a company which is on the voting list thinks about Binance

https://imgur.com/a/92BY2

Somebody has additionally worry like me that one day time Binance could go tradital? I mean the Chinese Goverment is against Crypto and especialy against ICO. The largest factor on Binance is purchasing new ICOS.I transfered last days my holdings away from Binance in hope when something will happen I will not participate this.nio

Got just informed by the Crypviser community that you didn't accepted crypviser's application for community voting to get crypviser's coin listed on Binance.
I checked the coins you listed for voting and to say the truth i'm shocked.
I reffered many people to Binance since day 1 and genarally i love Binance since it was based on quality and fastest support ever.
I even defended Binance as it wanted to see a working product to provide the possibility to get listed on Binance claiming Binance will only list coins who proofed their quality.
I heard 2 days ago that the community wants to take part in the voting and that the crypviser team agreed on that and sent an application.Great decission since crypviser has a working product and community now.

I can say a large group of that community myself included prepared to push crypviser to the top with insane marketing ideas to mobilize the whole community to take part in the voting.
But after hearing our application got denied and checking other coins which have given the chance to join Binance via voting i'm just shocked like many members of crypviser's community.
I don't want to attack any coin directly however seeing as example a coin without a community which has currently just a whitepaper ,no github updates for months and being a copy of litecoin
(and best of all long accumulation time which doesn't make it look scammy at all / we remember Quark pump and dump)
makes your explanation back look like a lie and makes me feel sad and mad at the same time thinking i have been an idiot
beliving and defending Binance and their claim they will list only quality coins.


A big part of the community is mad because they can not understand your decission based on your previous claims to the crypviser community.
They are even more mad seeing the low amount of retweets of these coins since they are well aware we would win that competition.

I told them that i will inform Binance about that existing issue but also asked them to stay away from Binance with that topic so people won't start spamming.

Am really asking myself how Binance can offer such crappy coins and give them priority


Regards Thule

Binance and Crypviser community member

 

BNB on the other hand however... is a crypto which truly has use case. And it is always valuable.  Read more about this coin and you will like it. DYOR.
Do not buy just due to various pump/dump groups. You will find better entry point if you're patient enough.

Binance is nice exchange but does not provide any conditional offers, so you cannot set up stop loss (I am not even mentioning trailing stop which is provided by bitfinex only).

So in terms of functionality - binance still has long way to go.