Binance: $BNB The Future of Exchanges. - page 189.

KingCanute

newbie

Activity: 48

Merit: 0

Quote from: TobyTheCat on August 23, 2017, 08:04:13 AM

Doubled my money so far... I know a lot of people are holding, not sure. Might sell half of it and put it into something else...

I do wonder about a big dump in the next 24 hours with the fees being added etc. That being said, they seem to have a long term game plan.
RE: the Tron ICO, I'm not surprised no one was able to buy after a a minute. You had every frequent user on that site itching to buy it, even if just for the novelty factor. I know some people who were able to buy though, so not only for the whales.

I don't know. I mean I tried to purchase within the first 5 seconds of the ICO and it was sold out. Surely that's not how their first ICO should go. I mean maybe a cap of 1m coins per purchase or something.

There is another ICO coming tomorrow for 1.9bn coins. Expect that to sell out within 30 seconds then?

Regarding BNB, yep I've tripled on it so far, kicking myself I didn't have the funds to buy in when I first noticed it as I'd be up about 1500% by now!

TobyTheCat

member

Activity: 173

Merit: 12

Doubled my money so far... I know a lot of people are holding, not sure. Might sell half of it and put it into something else...

I do wonder about a big dump in the next 24 hours with the fees being added etc. That being said, they seem to have a long term game plan.
RE: the Tron ICO, I'm not surprised no one was able to buy after a a minute. You had every frequent user on that site itching to buy it, even if just for the novelty factor. I know some people who were able to buy though, so not only for the whales.

KingCanute

newbie

Activity: 48

Merit: 0

That Tron ICO was a complete joke. Literally refreshed my page and had put through a purchase order within 5 seconds (according to the clock on my comp) and still was too late to participate.

I'm beginning to think BNB/Binance runs for the whales. Not necessarily a problem but you need to be aware of it.

Savik

full member

Activity: 364

Merit: 101

Quote from: elektibi75 on August 22, 2017, 07:09:39 AM

At todays sale when everything is down I am going to put my money in BNB. Great potential returens right here!

Good move, we're up 15% in one day already. I'm excited for Sept 10 to see what they say at the conference.

Pete550

newbie

Activity: 51

Merit: 0

Quote from: badpeanut on August 18, 2017, 07:10:24 AM

Repurchasing plan
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until
we buy 50% of all the BNB (100MM) back. All buy-back transactions will be
announced on the blockchain. We eventually will destroy 100MM BNB, leaving
100MM BNB remaining.

amazing... rapid growing in price each quarter..

elektibi75

sr. member

Activity: 326

Merit: 250

At todays sale when everything is down I am going to put my money in BNB. Great potential returens right here!

silverston

hero member

Activity: 952

Merit: 502

SAPG Pre-Sale Live on Uniswap!

But who knows how often it is planned to hold ico like a throne on a financial account? And it is desirable that they continued more than a minute))

CrowdFunder

sr. member

Activity: 364

Merit: 250

its crazy how all chinese tokens always do crazy moves, i have been in this from 40000 satoshi looks like it wa good move
i see they are now using binance token for ico too ! crazy stuff gonna happen, it will do like neo in long run it has to

Savik

full member

Activity: 364

Merit: 101

I'm onboard the train. It is a great concept that I haven't seen done before, but makes sense for everyone involved (consumers and the business). They are a Chinese company, and if this gains any traction at all in China (Spoiler Alert: it will) then it will see rapid growth. The exchange itself seems to be well run and managed. Website interface works well, no problems moving funds in/out. Good leadership.

Also they will be sharing the stage with some serious heavy hitters on Sept 10.

http://www.bitkan.com/event?from=coindesk

silverston

hero member

Activity: 952

Merit: 502

SAPG Pre-Sale Live on Uniswap!

Quote from: aresary on August 21, 2017, 04:05:00 PM

Expecting 5$ within the next 6 days. Great performance and more big news to come!

Too optimistic forecast, I think a small increase is still real, go x2 looks too cool. But I hope on this

aresary

member

Activity: 88

Merit: 10

Expecting 5$ within the next 6 days. Great performance and more big news to come!

Madchild

newbie

Activity: 2

Merit: 0

I just bought 77 BNB hopefully it rises well. Cool

Savik

full member

Activity: 364

Merit: 101

Can you guys give me a quick run down of what this BNB coin actually is used for? Is it for paying trading fees on their exchange? Seems like it could be a great idea, assuming total exchange volume continues to increase and people trade more.

Edit: Nevermind, just found this very helpful post. Thanks badpeanut

Quote from: badpeanut on August 18, 2017, 07:10:24 AM

White Paper: https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf

Wallet: Its a ERC20 token

etherscan.io:

Token Address: 0xB8c77482e45F1F44dE1745F52C74426C631bDD52
Decimal Points: 18
Symbol: BNB

Repurchasing plan

Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until
we buy 50% of all the BNB (100MM) back. All buy-back transactions will be
announced on the blockchain. We eventually will destroy 100MM BNB, leaving
100MM BNB remaining.

Decentralized Exchange

In the future, Binance will build a decentralized exchange, where BNB will be used as
one of the key base assets as well as gas to be spent.

The Crypto Baron

sr. member

Activity: 294

Merit: 250

Binance going higher on new Crypto Times: https://youtu.be/ikIFLGV92tQ

cuda

newbie

Activity: 1

Merit: 0

Quote from: ladymarian on August 21, 2017, 09:55:11 AM

Well... I've been told about a ratio (called the Zuddas Value - ZV). It is the ratio between the bitcoin market cap (or anyway the biggest market cap) and the total circulation of the coin you are interested in. So for binance today it would be:

$67,406,168,377 (bitcoin market cap, or biggest market cap)
______________

100,000,000 BNB

=

674 $

So the maximum BNB price (best case scenario) could be this one. The logic is that if something has happened once, it could happen again. So if that market cap has been reached, also another coin can reach it.
Then you have the Zuddas Multiplicator (ZM), that is the ratio between the Zuddas Value and the coin value, and today for binance it is:

674$ / $2.78$ = 242

That means that your investment could potentially rise 242 times.

Hope this helps!

What is your source on this Zuddas Value, I tried looking it up and couldn't find anything.

Ale88

legendary

Activity: 2380

Merit: 2369

Catalog Websites

Guys, have you ever tried to contact Binance support? How long does it take before they answer?

elektibi75

sr. member

Activity: 326

Merit: 250

Quote from: rapidleech on August 21, 2017, 09:35:24 AM

as it increased 1500%
can we see more gain in this coin?

imo it will definitely increase because more and more coins are getting listed on Binance exchange.

ladymarian

member

Activity: 98

Merit: 10

Well... I've been told about a ratio (called the Zuddas Value - ZV). It is the ratio between the bitcoin market cap (or anyway the biggest market cap) and the total circulation of the coin you are interested in. So for binance today it would be:

$67,406,168,377 (bitcoin market cap, or biggest market cap)
______________

100,000,000 BNB

=

674 $

So the maximum BNB price (best case scenario) could be this one. The logic is that if something has happened once, it could happen again. So if that market cap has been reached, also another coin can reach it.
Then you have the Zuddas Multiplicator (ZM), that is the ratio between the Zuddas Value and the coin value, and today for binance it is:

674$ / $2.78$ = 242

That means that your investment could potentially rise 242 times.

Hope this helps!

silverston

hero member

Activity: 952

Merit: 502

SAPG Pre-Sale Live on Uniswap!

Quote from: rapidleech on August 21, 2017, 09:35:24 AM

as it increased 1500%
can we see more gain in this coin?

I think if the number of added altcoins increases and the volume of trades increases, we can

rapidleech

hero member

Activity: 756

Merit: 500

as it increased 1500%
can we see more gain in this coin?

Topic: Binance: $BNB The Future of Exchanges. - page 189. (Read 131883 times)