Binance Chain or Binance DEX hype is gone! - page 6.

Flux0z

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No wonder the hype is gone, The Binance "DEX" is not even a real DEX Huh

It's completely centralized, and after the recent scandals, it's no wonder why a LOT of people dislike Binance. All they want is money and power, they don't list legit project based on tech fundamentals, they list only if you've got deep pockets, which is laughable.

Want a REAL DEX? Try out https://blockdx.com/

Blocknet was the first project to ever launch a DEX, and Binance tried to rip them off in the start of 2018, when they applied for the exchange. Source: https://www.youtube.com/watch?v=JSCAelH_iuk

Blocknet is working on decentralized oracles as well, which is why it doubled in price recently, a few partnerships and this project will do an easy 5x, maybe even 10x. We'll see...

jacafbiz

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

I have said this and many people predicted it that this would haapen unless Binance cn incentivie market marker to help boost the trading volume, which is not an easy thing to do on DEX and oncerning the chain, it is a dump chaain so it is very limited and mind you, Binance was not competing with Ethereum chain, it only compete with the ICO model on it and has been successful in that regard.

I think platform like Tezos have a huge chance of competing with Ethereum, Algorand and Podacot is another project to watch, if Ethereum mess up its coming Ethereum 2.0 migration the party may be over

naikturun

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certainly not that easy, even the Dex binance is still difficult, and also the Forkdelta has been around for a long time, the Dex binance rose only when it was released and now it's quiet and the daily volume is small.
although it is different from the main market, binance dex is also a place of interest for some coins, because it is backed up by binance.

sorrros

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ludenaprotocol.io

Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.

TWW

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Quote from: valuater on January 27, 2020, 11:44:32 AM

maybe this happens because people still can't move from ethereum and also the binance chain of many projects that have volumes that are easily inflated, because it's weird if the volume is less than 50 BNB but the price of the token can pump up to 300% but this accusation is not strong enough.

so far the binance chain is good enough. but indeed with the reduction of the IEO project in binance now it seems like there aren't many new projects that use the binance chain. but I think binance has its strategy to choose coins from the best projects that can be listed on their exchanges.

valuater

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maybe this happens because people still can't move from ethereum and also the binance chain of many projects that have volumes that are easily inflated, because it's weird if the volume is less than 50 BNB but the price of the token can pump up to 300% but this accusation is not strong enough.

sazonk

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Changing the game

I don't think there is any that can replace the current ethereum network. Yes indeed you are right 2019 is the year of the binance chain, but I see there has been a lot of price manipulation collusion, then it is not strange that all are focused on binance especially with their IEO which is exploding. And now it feels a lot of people miss the days of ICO, especially ethereum based ICO. I hope that ethereum is able to make a breakthrough that can make binance a forgotten thing like the ICO now.

biddicoin

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Quote from: Thomas-s on January 26, 2020, 09:18:40 AM

after any excitement, a time of silence begins and there is nothing surprising in this. this is the same volatility as on the charts. time will pass and we will begin to talk a lot about Binance dex again and many projects will create their tokens based on this blockchain. this can happen in the middle of this year, or maybe only at the beginning of 2021

I agree that no coin can hype continuously as time goes by, it would changeable to others
at least, Binance DEX is still here and improving as they can

Quote from: Mihaylovic on January 27, 2020, 07:39:19 AM

I don't think so. Look at launchpad of binance platform. People are racing to be able to participate to ieos. I do not agree that hype of Binance is ended. It will even go higher when market starts to recover.

actually, Binance launchpad and Binance chain or DEX are totally different.
although they may affect in BNB price, but those are different.

Amel

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

It is impossible for BNB to defeat the ethereum network, I understand the launch of Binance DEX is a strategy to encourage BNB's own rise. But on the other hand Ethereum still has a far greater advantage than the BNB network, yeah even though ethereum for several years has been hit by scammers, but this network is not a business network like BNB on the Binance DEX .

johnwest

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I feel Binance played a nice game with all of the projects which jumped from other blockchains to Binance DEX. BNB got a nice pump from that and many community started using the DEX. Recently I saw Bet token from Earnbet.io shifting from BinanceChain to Wax Blockchain, I dont know the details of it but it looks like they had difference of opinion.

Xardasim

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Quote from: tk808 on January 25, 2020, 03:46:33 PM

Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.

There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.

Binance wanted to take advantage of the positive situation. It is like taking a stronger root by establishing its own DEX and chain, not only by exchange. However, every sector also has a number one such as how Binance number one as a exchange. Just as others cannot replace it, it cannot replace others too.

BitcoinHunt3r

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

This is honest statement, but since first it launched until now i am not try it yet. Because i think it is too complex to swap erc tokend to be in binance chain. That is first reason, and second every i see a token listed in Binance DEX i think it is not means it is listed in Binance main market so not surprised with it.

zulfi125

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The Etherium network is No.2 in the world and also growing well. Still, Binance Chain and Binance DEX are not performing well; that why little volume in Binance DEX and not attracted more investors, but if Binance will pay good rewards or any other giveaways like a centralized exchange than maybe investor can more trading in Binance Dex.

salad daging

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Binance did a massive promotion before this year, of course they also thought about stopping and then monitoring the development of their new chains and dex, this also happened when the erc-20 hype first appeared. the binance chain is still very limited in their own market, it must be proven in the next few years if it still wants to be better than the ethereum chain.

masterrex

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

That's how crypto works and part of the crypto reality" hype and marketing combination" are important aspect of any cryptocurrency base platforms, I believe that the hype on Binance Chain migration is already faded, and for me as a long time Binance user it doesn't matter anymore as long as they continue to give the quality services that fits to my needs. people can give opinion easily maybe its positive or negative so lets respect that. or in other scenario maybe the team of the new projects are already realized that moving from one chain to another is a time and resources consuming matters so that's why they choose to stop migrating. While in the context of overtaking the Ethereum Network for now its impossible because no other platforms in the industry that can match Ethereum in terms of smart contracts dominance.

LbtalkL

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I have noticed it also, In fact, I knew a project listed there it almost has no volume at all. It does not mean that if a project is listed on DEX it is good. As far as I know, if a project has no volume it will be delisted. I still prefer Binance CEX if you want a good volume. Binance offers new services now, Like Margins and Futures traders like it more than DEX it looks stagnant right now but not on all coins.

TheClownSong

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

Binary DEX is still new and I think it takes time for the market to believe it. Ethereum is still too strong compared to other altcoins and this is proven by its large transaction value. In my opinion BNB is good and has the opportunity to penetrate the top 5 but it takes time for investors to believe

ven7net

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

K is not strange, but this is not the first message in the direction of Ethereum. What can be said about this. Binance started as a trading crypto platform and gained good momentum, maybe they should continue to go this way, but they began to expand, developed their blockchain and their own coin, then the decentralized exchange Binance DEX appeared. All these are attempts to become better than others in everything. However, this does not mean that they will succeed. Ethereum was founded in a long time for Binance and was not created to be pushed from the leaders. I see that Ethereum will continue to hold positions and even Binance will not be able to prevent it.

Paycoinzzz

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Quote from: Tduty on January 25, 2020, 03:40:53 PM

I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?

I suppose not. The important thing is that the familiarity and the Ethereum platform have done very well in the last 7 years. when thousands of coins have to rely on this platform to flourish. Besides, its wallet system is also very good and highly secure, no one wants to try a new service with similar functions. That is also the reason why the foundation of Waves and NEO has gradually died over time and its price has also dropped sharply in recent years. For me, the ethereum platform will be forever.

istiak2277

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KUWA.ai

ETthereum network is a monster compared to BinanceDEX. Yes last year BinanceDEX become very popular and many good projects migrate to them but right now BinanceDEX has low volume because of the price of BNB in my opinion. The BNB price was 38.92$ and now 17.46$. I think its mostly because of BNB price that reduces the hype of BinanceDEX.

Topic: Binance Chain or Binance DEX hype is gone! - page 6. (Read 1645 times)