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Topic: Should invest in projects that participate in BinanceChain ecosystem? - page 2. (Read 460 times)

jr. member
Activity: 256
Merit: 2
Now Binance - all this the best in crypto the world. If you see the word Binance - it is unambiguous something interesting. BinanceChain - has to do good for all projects which will use this platform. At the moment the Binance brand is an opportunity for earnings!
I believe Binance will make a big buzz like the ETH in 2017. They have centralized exchanges, DEX exchange, and a lot of products are being developed in their ecosystem. In the future, they will launch the Margin. Binance will almost take over the market and maintain the top 1 in the world, creating a great distance from the top 2.
jr. member
Activity: 256
Merit: 2
Two questions; why do you want to invest in those projects? Secondly, have you carry out research to know why they will worth your funds?
I don't think the project being on Binance chain is enough criteria or reason for it to warrant investing, just like other blockchains, if a project lacks the right team with vision it will not do well on the long term.
We need to learn to overlook hype and go for real use case etc.
So study them and know why it's worth investing.
Thank you for your opinion. I think at the moment, the majority of investments in BinanceChain are FOMO. Of course, Binance is a potential place to invest but very few people want to learn about it
jr. member
Activity: 256
Merit: 2
for binance I have never tried because to invest there because kyc is quite a bit difficult, but many of my friends suggest investing in projects related to binance and some projects that work together with binance can also be quite successful so maybe we should try investment there.
i think you should try to invest Binance. I dont think KYC is difficult, Its too easy man. 5 minutes to passed KYC.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
Two questions; why do you want to invest in those projects? Secondly, have you carry out research to know why they will worth your funds?
I don't think the project being on Binance chain is enough criteria or reason for it to warrant investing, just like other blockchains, if a project lacks the right team with vision it will not do well on the long term.
We need to learn to overlook hype and go for real use case etc.
So study them and know why it's worth investing.
jr. member
Activity: 420
Merit: 3
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Announcing that a coin has migrated to binance chain, is just one of the news that has the potential to grow the coin, because it will create more interest in it. There are still quite a number of such coin planning to migarte.
full member
Activity: 312
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
Now Binance - all this the best in crypto the world. If you see the word Binance - it is unambiguous something interesting. BinanceChain - has to do good for all projects which will use this platform. At the moment the Binance brand is an opportunity for earnings!
sr. member
Activity: 602
Merit: 250
I think we have to take longer to analyze projects that participate in BinanceChain, a high increase does not mean that you should immediately invest in it. But in my opinion it's a suitable time to do research. It is not easy to analyze in a short amount of time. But if you want to try it and make an opportunity for your investment strategy, it's actually also a good thing. Because without trying, actually we will never know the results. Please correct my opinion. Thank you in advance.
member
Activity: 458
Merit: 10
At the present time, the projects participating in BinanceChain are very well priced. For example, PHX (after joining BinanceChain changed its name to PHB) increased nearly 80% of the value in just 2 days. Next will be BCPT, GTO and ARN. Should we invest?

The special thing about projects participating in Binanechain is the hype  they get from associating with binance. The hype they get makes the price go very high when they eventually get listed on the exchange. I think its not a bad idea to participate in project associated with binancechain.
hero member
Activity: 882
Merit: 500
For me, the swap projects via Binance Chain are not attractive to invest. It can only fluctuate slightly in the range of 10-15%, so I can't follow all projects that are going to convert to Binance Chain.
copper member
Activity: 560
Merit: 0
I don't know, cause many project now use Binance to make some fake hype to their project. They migrate from old chain like Ethereum chain to Binance just for promotion or something like that.
Cause people gonna easily hype with "Binance" name so yeah, still be careful before you choose to invest. Don't regret for every action you make.
member
Activity: 247
Merit: 17
I don't really care about projects that join a binance chain, I just buy them and then I can take profit from them  Grin
newbie
Activity: 42
Merit: 0
I dont think so but just i said it is not a factor because if the project is not good enough its useless,and this it not necessarily so its up to you when or where you want to make investments so i go to the project tht can give me huge profits like Dencoin tokens.
legendary
Activity: 1442
Merit: 1025
At the present time, the projects participating in BinanceChain are very well priced. For example, PHX (after joining BinanceChain changed its name to PHB) increased nearly 80% of the value in just 2 days. Next will be BCPT, GTO and ARN. Should we invest?
It is not a must, I mean not all coins that participate in binancechain ecosystem will be great, of course there will be great ones but that doesn't mean all of them will be. I think there will be good ones and there will be bad ones but looking at what would happen if you invested money into all of them I think you may profit from it.

The idea is the same with ICO during 2017 peak times, like you put in 100 dollars (money can change according to how much you have) and some of them will drop as low as 90 dollars which means losing 90% and that is bad but in the end if you have just one coin that x10 in 10 tries you will still be in profit. In my honest opinion it was harder to keep up with all coins and checking them out individually then just investing, its a lot of work and I think doesn't really worth it.
full member
Activity: 925
Merit: 100
What matters in any project is what the project in particular is Offering and not where it is launched. The team are capable of delivering, migrating to Binance chain isn't a criteria that a project will do well or will all of a sudden becomes valuable.
A team that knows what they want will always deliver that's for sure.
So if you come across a project, study it and don't let the blockchain it is launched on to limit you.
full member
Activity: 1130
Merit: 133
I think it is good to invest in the project that involves in ecosystem because all we know that binance is a good good and have a good future also as long as you know and understand well the use and the function it will give a good investment. So before you invest make sure that you have a good research.
binance name will bring confidence and faith to investors.at this moment binance give crypto community  many advantages.for example launchpad , dex and binance chain.so personally i will not worry invest in projects that use bnb chain.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
At the present time, the projects participating in BinanceChain are very well priced. For example, PHX (after joining BinanceChain changed its name to PHB) increased nearly 80% of the value in just 2 days. Next will be BCPT, GTO and ARN. Should we invest?
It should not because you must analyze the fundamental behind the project. I prefer to suggest you participate in any binance IEO rather than buy a rumor about a big increase that caused by the hype created by the binance chain ecosystem.
Have you watched the current price of PHB? it was decreasing a lot gradually and i believe this is only a short hype. you should not bet on this thing.
full member
Activity: 546
Merit: 100
I think it is good to invest in the project that involves in ecosystem because all we know that binance is a good good and have a good future also as long as you know and understand well the use and the function it will give a good investment. So before you invest make sure that you have a good research.
member
Activity: 251
Merit: 10
Well binance has built its reputation,  though i don't really have much knowledge in the binanceChain ecosystem.  I think you should make some research to be on a safer side.
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
I don't know much about Binance Chain, so am undecided on this issue.
What I need to know is how it works. Is it  trustless/permissionless, and decentralized platform. What kind of project does it accept?
full member
Activity: 559
Merit: 102
I'm a, big fan of binance but to, be candid with you, I noticed most people play around (pump and dump) the tokens which migrate to binance chain. When the news is up, they pump, when it dies down they dump. But you can give the ones you mentioned a try like ARN, the total supply is low, it's kind of undervalued, that's if they can actually achieve their project aim.
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