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Topic: Binance: $BNB The Future of Exchanges. - page 84. (Read 132059 times)

sr. member
Activity: 574
Merit: 261
Binance has done it's quarterly burn and burned 2,528,767 BNB (about $30million USD).

This probably won't have an immediate effect on the price of BNB but in the long run it can only be a good thing for hodlers of BNB - wish I had kept mine from the ICO Sad
ps
member
Activity: 154
Merit: 10
Binance is a great exchange platform and their coin BNB has a lot of potential for growth. I bought some BNBs for a long-term investment (in comparison with some other new coins, BNB has already working product which is definitely profitable.
full member
Activity: 283
Merit: 100
I would like to thank the Binance exchange, because their BNB tokens helped me earn several thousand dollars, it was lucky that i bought them on time.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
As it was written before on this page, it can reduce trading fees on 50% and you can vote for new coins with this token.

There are 116 pages here and I did not bother reading them all but than you for letting me the 50% discount part.
newbie
Activity: 27
Merit: 0
As it was written before on this page, it can reduce trading fees on 50% and you can vote for new coins with this token.

is anybody use integration with Binance on Fintab?
full member
Activity: 644
Merit: 100
As it was written before on this page, it can reduce trading fees on 50% and you can vote for new coins with this token.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
How do BNB tokens work? What are their functions and where can they be used?
newbie
Activity: 210
Merit: 0
BNB token is a token that made the exchange binance. If you have an account on the binance you better buy a little BNB and you will have reduced the Commission by half. And the token itself is growing in price, if the exchange works well then the token will grow!!!

Yes, you are right that how the exchange will start booming and most of the people failed to buy the Binance coin. Yesterday they announced they are going to burn another round 2.75 million coins BNB through profits they got. Really it worths a lot.
sr. member
Activity: 1162
Merit: 260
How does BNB tokens work? What are the benefits of having them?

Are they just to be used on Binance website?
This coin, which made the exchange binance
they have a lot of coins that you can buy for BNB coins

I really like the BNB coin, it is more stable than bitcoin, and does not depend on its rate
BNB is much cheaper and well suited to small traders
Also, you can speculate with this coin, there are a few examples if you are interested  http://www.insiderport.com


Did the Binance team have an ICO to open the exchange?

Why buy with BNB when there is ETH/BTC etc?


The binance token can be used when you are using binance exchange site to get 50% discount for your transaction by paying it use the binance token and you must try to read the binance whitepaper about that and it will give you a lot of explanation regarding it and it's the best source to know more about that.
member
Activity: 233
Merit: 10
well yes I think binance also has a good future, binance can be a good and safe exchange place and not only that binance also has a very high trading volume so suitable for trading there.
sr. member
Activity: 607
Merit: 278
06/19/11 17:51 Bought BTC 259684.77 for 0.0101
So was just made a Binance Trading Wizard.
Any perks coming with that?
sr. member
Activity: 658
Merit: 251
Not absolutely so, there is a set of the exchanges and these exchanges have own coins. Plus to everything the Binans exchange constantly encourages those who often trade or hold the coins that does this coin more attractive.
Almost all current exchangers have done the same thing with binance where they all created 1 coin or a new token that will make its holders profit in that market
copper member
Activity: 269
Merit: 0
BNB token is a token that made the exchange binance. If you have an account on the binance you better buy a little BNB and you will have reduced the Commission by half. And the token itself is growing in price, if the exchange works well then the token will grow!!!
Yes you are right. But how can they guarantee that their exchange is safe from hackers because just a few months back Binance shut down their operation due to hacking incident.
member
Activity: 154
Merit: 10
OPEN GAMING PLATFORM
Not absolutely so, there is a set of the exchanges and these exchanges have own coins. Plus to everything the Binans exchange constantly encourages those who often trade or hold the coins that does this coin more attractive.
hero member
Activity: 882
Merit: 548
This quarter we will burn 2,528,767 BNB (roughly $32,700,000 USD), up from 2,220,314 BNB last quarter (roughly $30,000,000 USD at the time). Again, some random recap.

The overall market (BTC) remains relatively flat, with a slight drop in price compared to last quarter, but Binance was still able to pull in decent earnings. This is the highest number of BNBs we have burned in a quarter so far. This is a result of the strong support from our community, you, and hard work by the team, including our Angels. Thank you so much!  
  More information:  https://www.linkedin.com/pulse/binance-q4-recap-changpeng-zhao/?published=t     https://twitter.com/cz_binance/status/1019293847849873408
 P.S. Great News but the price of BNB did not rise  Undecided
                           
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
How does BNB tokens work? What are the benefits of having them?

Are they just to be used on Binance website?
This coin, which made the exchange binance
they have a lot of coins that you can buy for BNB coins

I really like the BNB coin, it is more stable than bitcoin, and does not depend on its rate
BNB is much cheaper and well suited to small traders
Also, you can speculate with this coin, there are a few examples if you are interested  http://www.insiderport.com


Did the Binance team have an ICO to open the exchange?

Why buy with BNB when there is ETH/BTC etc?

newbie
Activity: 51
Merit: 0
How does BNB tokens work? What are the benefits of having them?

Are they just to be used on Binance website?
This coin, which made the exchange binance
they have a lot of coins that you can buy for BNB coins
I really like the BNB coin, it is more stable than bitcoin, and does not depend on its rate
BNB is much cheaper and well suited to small traders
Also, you can speculate with this coin, there are a few examples if you are interested  http://www.insiderport.com
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
How does BNB tokens work? What are the benefits of having them?

Are they just to be used on Binance website?
hero member
Activity: 742
Merit: 505
BNB token is a token that made the exchange binance. If you have an account on the binance you better buy a little BNB and you will have reduced the Commission by half. And the token itself is growing in price, if the exchange works well then the token will grow!!!

But if better and good exchanges comes out then there is no point in holding BNB.. There are other exchanges would give some % of their profit if you are holding their token, we dont know what will happen next in BNB price in the future
Holding BNB token will give you many advantages. Some of them are, you can use some of your BNB as withdrawal fee (up to 50% less than other currency), and you can also vote new token and it the result will be calculated from how many BNB token you have.
full member
Activity: 406
Merit: 102
BNB token is a token that made the exchange binance. If you have an account on the binance you better buy a little BNB and you will have reduced the Commission by half. And the token itself is growing in price, if the exchange works well then the token will grow!!!

But if better and good exchanges comes out then there is no point in holding BNB.. There are other exchanges would give some % of their profit if you are holding their token, we dont know what will happen next in BNB price in the future


They can go up and down. But if they can keep having this share among the markets and the market volume goes high which is my expectation things can be much bigger.
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