Author

Topic: Binance: $BNB The Future of Exchanges. - page 189. (Read 131419 times)

newbie
Activity: 37
Merit: 0
August 23, 2017, 09:42:55 AM
Currently $ 2.66. Add 3-4 more days, then discount also okay  Grin
newbie
Activity: 48
Merit: 0
August 23, 2017, 09:17:46 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!
member
Activity: 173
Merit: 12
August 23, 2017, 09:04:13 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.
newbie
Activity: 48
Merit: 0
August 23, 2017, 08:16:57 AM
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.
full member
Activity: 364
Merit: 101
August 23, 2017, 07:57:30 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.
newbie
Activity: 51
Merit: 0
August 23, 2017, 07:35:44 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..
sr. member
Activity: 326
Merit: 250
August 22, 2017, 08:09:39 AM
At todays sale when everything is down I am going to put my money in BNB. Great potential returens right here!
hero member
Activity: 952
Merit: 502
SAPG Pre-Sale Live on Uniswap!
August 22, 2017, 06:19:28 AM
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))
sr. member
Activity: 364
Merit: 250
August 21, 2017, 08:06:43 PM
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
full member
Activity: 364
Merit: 101
August 21, 2017, 07:48:57 PM
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
hero member
Activity: 952
Merit: 502
SAPG Pre-Sale Live on Uniswap!
August 21, 2017, 06:38:42 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
member
Activity: 88
Merit: 10
August 21, 2017, 05:05:00 PM
Expecting 5$ within the next 6 days. Great performance and more big news to come!
newbie
Activity: 2
Merit: 0
August 21, 2017, 04:52:21 PM
I just bought 77 BNB hopefully it rises well.  Cool
full member
Activity: 364
Merit: 101
August 21, 2017, 01:47:50 PM
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

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.
sr. member
Activity: 294
Merit: 250
August 21, 2017, 01:15:05 PM
Binance going higher on new Crypto Times: https://youtu.be/ikIFLGV92tQ
newbie
Activity: 1
Merit: 0
August 21, 2017, 01:12:13 PM
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.
legendary
Activity: 2380
Merit: 2369
August 21, 2017, 01:07:22 PM
Guys, have you ever tried to contact Binance support? How long does it take before they answer?
sr. member
Activity: 326
Merit: 250
August 21, 2017, 11:25:29 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.
member
Activity: 98
Merit: 10
August 21, 2017, 10:55:11 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!
hero member
Activity: 952
Merit: 502
SAPG Pre-Sale Live on Uniswap!
August 21, 2017, 10:43:51 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
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