Topic: BNB - Binance coin (Read 1131 times)
I still believe, that BNB is best "exchange coin" when compared to other exchange coins. The discount for rees in Binance is very significant and it is the main reason why I won a small bag of BNB - for Binance trading. It is also a good altcoin for long-term, becasue Binance is still number 1 or 2 in crypto volume.
I am not sure in its profitability at all, it is too strange for me to see such project like this alternative cryptocurrency which is not so competetive and strong.
The currency security announcement clearly uses 20% of the net profit per quarter for the repurchase of BNB!
The performance of BNB proves that platform coins bring huge benefits to the exchange in terms of financing, attracting traffic, locking customers and increasing viscosity.
The performance of BNB proves that platform coins bring huge benefits to the exchange in terms of financing, attracting traffic, locking customers and increasing viscosity.
Binance Coin (BNB) is a digital currency developed based on the Blockchain platform of Ethereum under the ERC20 standard. BNB was released by Binance, China's largest digital money exchange. BNB was issued during the ICO to call for the development of the Binace floor. Binance floor has a 24 hour trading volume always in the top 10, and is expected to grow very strongly in 2018. With the rapid development, things that Binace's development team are doing are enormously anticipated by BNB, with a breakthrough in 2018. Many experts believe Binance will grow steadily by 2018, We have a great opportunity to invest in BNB. So it's a potential co-2018
Since its inception in July 2017, the BNB has grown by 50x, putting BNB on the 38th place in the world's most valuable coin market rankings by Coinmarketcap. BNB trading floor has reached the top with a huge trading volume since 17/12/2017, surpassing the big trading floors such as Bittrex, Poloniex, Gdax ... and it only takes 5 months to Make this wonderful thing. The advantage of Binance is its modern design, simple interface, easy to use, very good experience, low transaction fees, full features for professional traders ... In addition, Binance also developed: Binance Lab: Creating the foundation for startup applications using Blockchain technology can begin easier with existing funding, mentoring, resources, and ecosystems; Binance Launchpad: promote the ICO of the digital money. With the above I think it's very potential
I think it is a potential coin to invest in 2018. Binance Coin is coin released by Binance, the main purpose is to maintain the operation of Binance trading platform, the second goal is to use copper BNB to develop its own binance platform. You can use BNB to reduce transaction costs on the floor, or use them to buy another coin altcoin. Each year BNB will use the proceeds to acquire coin BNB is issued, which in turn causes the BNB Increasingly rare and increasing day by day. With what Binance has demonstrated the strength of the BNB. Only from a small Token on the market today BNB is in the unique position in the market and is the first Coin The first position is so high
Even if it's a potential co-owner, you should consider buying it. If you are a regular user of the Binance trading platform and want to reduce a lot of fees - especially if you plan to make transactions or withdraw huge amounts of money - this currency is worth buying even with Highly recommended. But remember that Binance Coin coding rates are discounted. Therefore, it will decrease over time and this currency will become almost useless before it is acquired.
This token is still with big potential. Look how big standards are made from CEO of Binance in terms of crypto ecosystem, he is just crushing competitors. Expect more positive price action in future 
I think BNB is a great coin and it has great potential. These days it's at their low price, so I believe it's a real good opportunity to invest in it so you can earn much more in the near future. This is a very profitable coin for investors.
binance is good growing crypto currency market and many investors are buying the Bitcoin and other alt coin.. bnb its a good coin. many people trade in this coin. i can trust this this bnb coin 😇
A few I can think of:
You save 50% on your trading fees
You don't collect dust when holding BNB
BNB price will most likely keep going up as more users join Binance and volume increases.
You can use BNB if you wan't to participate in ICO's on Binance
Quarterly BNB burn which reduces the total BNB suply.
One BNB will cover around $4,400 in trading at the current price of $22 per BNB.
When I signed up for Binance, I bought 10 BNB to get the fee reduction. One day I was seeing BNB rising and was thinking "Why though?" Heard of the token burn. Grabbed a few at ~$4 planning to just ride the waves and sell at the top. Used the time to read the whitepaper and thought I might as well hold. Well, now that it went 5X I'll certainly keep holding
It only makes sense to buy and hold to me lol
Btw Binance really needs to rework their fee system. Either allow fractional trades to make paying in other cryptos not an issue, or stop forcing people to buy/sell at least $20 worth of BNB.
You save 50% on your trading fees
You don't collect dust when holding BNB
BNB price will most likely keep going up as more users join Binance and volume increases.
You can use BNB if you wan't to participate in ICO's on Binance
Quarterly BNB burn which reduces the total BNB suply.
One BNB will cover around $4,400 in trading at the current price of $22 per BNB.
When I signed up for Binance, I bought 10 BNB to get the fee reduction. One day I was seeing BNB rising and was thinking "Why though?" Heard of the token burn. Grabbed a few at ~$4 planning to just ride the waves and sell at the top. Used the time to read the whitepaper and thought I might as well hold. Well, now that it went 5X I'll certainly keep holding
It only makes sense to buy and hold to me lolBtw Binance really needs to rework their fee system. Either allow fractional trades to make paying in other cryptos not an issue, or stop forcing people to buy/sell at least $20 worth of BNB.
Binance is one of my favorite coin and I think this coin with good potentials and it also has a very good exchange site that is very secure and reliable.
It has very good transaction fee and the transaction speed is also high and many investors recently buying this coin.
Binance also one of the long-term relationship investment so we can buy know it will going to peak on future.
It has very good transaction fee and the transaction speed is also high and many investors recently buying this coin.
Binance also one of the long-term relationship investment so we can buy know it will going to peak on future.
It still seems undervalued relative to other coins.
A good comparison is EOS. It's also an ERC20 token that hasn't launched their network yet. The market cap is supported solely by speculators.
BNB market cap is supported by the fact that Binance is pumping $400k+ of their profit into buying & burning BNB every day on average.
Even if altcoins are bearish and speculators are dumping them, as long as Binance is still making profit from trading volume, BNB will have some buy support.
This is why BNB has been a better store-of-value since January than even BTC or XMR. The POW coins have constant sell pressure from miners dumping. BNB has constant buy pressure from the buyback program.
A good comparison is EOS. It's also an ERC20 token that hasn't launched their network yet. The market cap is supported solely by speculators.
BNB market cap is supported by the fact that Binance is pumping $400k+ of their profit into buying & burning BNB every day on average.
Even if altcoins are bearish and speculators are dumping them, as long as Binance is still making profit from trading volume, BNB will have some buy support.
This is why BNB has been a better store-of-value since January than even BTC or XMR. The POW coins have constant sell pressure from miners dumping. BNB has constant buy pressure from the buyback program.
Binance Will Face Tough Competition in South Korea in New Market Expansion
Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US.
South Korea’s Unique Market Structure
In South Korea, two major digital asset trading platforms have had dominance over the crypto exchange market for several years. UPbit, an exchange created and developed by Dunamoo, a subsidiary of the country’s largest internet conglomerate Kakao, and Bithumb have had nearly 90 percent market share since 2017.
However, recent controversy surrounding Bithumb and the questionable decision of the exchange to continue to suspend deposits and withdrawals to this date, more than a month since its $40 million security breach in mid-June, led local investors to reconsider the dominance of Bithumb and migrate to alternative cryptocurrency exchanges.
https://www.ccn.com/binance-will-face-tough-competition-in-south-korea-in-new-market-expansion/
Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US.
South Korea’s Unique Market Structure
In South Korea, two major digital asset trading platforms have had dominance over the crypto exchange market for several years. UPbit, an exchange created and developed by Dunamoo, a subsidiary of the country’s largest internet conglomerate Kakao, and Bithumb have had nearly 90 percent market share since 2017.
However, recent controversy surrounding Bithumb and the questionable decision of the exchange to continue to suspend deposits and withdrawals to this date, more than a month since its $40 million security breach in mid-June, led local investors to reconsider the dominance of Bithumb and migrate to alternative cryptocurrency exchanges.
https://www.ccn.com/binance-will-face-tough-competition-in-south-korea-in-new-market-expansion/
This explains why I would not put my money into exchange coins. The competition is getting fiercer, decentralised exchanges with really low fees, etc. etc. make Binances life so much harder, thus their coin's aswell. I would not do that.
I have a strong gut feeling that in the future BNB will easily be worth at least 3 figures. With the rate at which Binance has been growing and improving, the move to Malta, the coin burns every quarter, and the decentralized exchange with a strong BNB use coming, there is nothing but positives in the future.
The commission for trading in Binance is 0.1%. However, discounts are provided for holders of BNB tokens. so this is a good exchange for me.
BNB doen't look good for long-term. They are planning to cut fee discount for BNB every year until it reaches zero. What utility will this token have in future is a big question. It may rise and fall and nobody except Binance themself knows about it. Too risky if you ask me.
Well, they have been talking about it for a long time, so the exchange is owned by the coin, and it is very cool, and top-end, and in General in the future of course this token will grow very much,like many others,so that it is impossible to say that this or that 100% will give more growth
the market has lost a lot since the end of 2017, we are waiting for a good mouth at the end of 2018, I hope this will be the pattern
I think BNB is a excellent coin and it has excellent potential. These days it is at their low price so i think it is a real good opportunity to invest in that so that you can earn lot more near future. It is a very profitable coin for investors.
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