Topic: Time for Binance DEX? (Read 334 times)
Not sure there is a particular way to predict the next coin to get listed on Binance exchange from the dex platform, but I am interested in the undervalued coins there with a good roadmap, quality project, development and supportive community that is still undervalued. I have my eyes fixated on certain coins and monitoring their movement and planning target and exit entry
Well, it seems that Binance DEX was a huge disappointment after all. Banning US customers as well as many other countries simply defeats the idea of a DEX.
It's just their site that banned certain countries. If you want to use that exchange you can still do so, but that doesn't change the fact that it's still a centralized platform completely in control of their main Binance platform.Once DEX's get a bit more volume overall and a bit better technology, they will most likely surpass centralized exchanges.
For that to happen decentralized exchanges need to be as fast as centralized exchanges in every way. Traders and market markets bring in liquidity, and as long as they avoid decentralized exchanges, nothing will change.That being said, for low value buy low sell high trades, decentralized exchanges are working well more often than not. People don't use it because of their volume bias, which is a shame.
Well, yeah and that will happen, the technology is basically here and we will be able to trade in real time like on centralized exchanges, once that happens, I'm sure more people will switch to decentralized exchanges. I'm also quite sure that once harder regulations hit the market, a LOT more people will switch to DEX's
I think the difference between IEO and dex is that dex doesn't have to be IEO neither as far as I know. I mean you can have a coin that s not coming up just new but an old one and should still be able to get listed there.
I think there have been couple of projects that did some stuff all by themselves without getting funded all by just selling their coins the normal way and creating a big demand for it by showing how awesome it is actually plan on getting listed on binance dex as well and they are already published which means they will be actually getting crazy amount of money the old fashion way by selling instead of creating some IEO or ICO whatever. I am very excited about the listings of the coins but not the IEO of them honestly, old ones at the new place would mean a lot.
I think there have been couple of projects that did some stuff all by themselves without getting funded all by just selling their coins the normal way and creating a big demand for it by showing how awesome it is actually plan on getting listed on binance dex as well and they are already published which means they will be actually getting crazy amount of money the old fashion way by selling instead of creating some IEO or ICO whatever. I am very excited about the listings of the coins but not the IEO of them honestly, old ones at the new place would mean a lot.
Every time I see a Binance DEX, I then checked its volume, and thus far not much improvement as still less than 50 pairs are listed with a volume of less than $10 million. Over time, I believe this will turn into a $100 million market and I think it would be a major success already, but of course this will not stop from going as knowing Binance they are so active in advertising all their products.
We've been tracking the coins that made Binance IEO for a while. Recently, the projects listed in Binance DEX have started to gain value. When we look at one by one, all projects continue to gain value.
I think Binance DEX's next project will be Verasity. That's why the VRA started to rise every day. He even made 3X in the last week. Do you think this will continue?
I am waiting for your comments for both Verasity and other coins.
yes, it was listed on Binancec DEX but after that event, its value is gradually going down and not seeing growth.I think Binance DEX's next project will be Verasity. That's why the VRA started to rise every day. He even made 3X in the last week. Do you think this will continue?
I am waiting for your comments for both Verasity and other coins.
For businesses on Binance DEX, they only have small marketcap numbers.
We should hope it is qualified to be listed on CEX. When I have that information, I'm sure its value will soon x3 or x4.
Well, it seems that Binance DEX was a huge disappointment after all. Banning US customers as well as many other countries simply defeats the idea of a DEX.
It's just their site that banned certain countries. If you want to use that exchange you can still do so, but that doesn't change the fact that it's still a centralized platform completely in control of their main Binance platform.Once DEX's get a bit more volume overall and a bit better technology, they will most likely surpass centralized exchanges.
For that to happen decentralized exchanges need to be as fast as centralized exchanges in every way. Traders and market markets bring in liquidity, and as long as they avoid decentralized exchanges, nothing will change.That being said, for low value buy low sell high trades, decentralized exchanges are working well more often than not. People don't use it because of their volume bias, which is a shame.
Binance has a huge influence on the community and the newly created DEX is just like it. DEX is not a great invention, already having Binance's name is enough.
The listed coins increase, but soon begin to fall. I do not think any increase will ever be unceasingly.
The listed coins increase, but soon begin to fall. I do not think any increase will ever be unceasingly.
If they make good value in DEX, that should not be different in Binance centralized exchange.
What I like to happen is that Binance DEX will facilitate coins from other exchanges and make it profitable since they are the most popular right now.
This is not yet popular IMO but maybe soon we will see more coins traded in DEX exchange.
What I like to happen is that Binance DEX will facilitate coins from other exchanges and make it profitable since they are the most popular right now.
This is not yet popular IMO but maybe soon we will see more coins traded in DEX exchange.
Well, it seems that Binance DEX was a huge disappointment after all. Banning US customers as well as many other countries simply defeats the idea of a DEX. I'm personally rooting for switchdex because I have invested in them and it really is decentralized. Once DEX's get a bit more volume overall and a bit better technology, they will most likely surpass centralized exchanges.
If they make good value in DEX, that should not be different in Binance centralized exchange.
What I like to happen is that Binance DEX will facilitate coins from other exchanges and make it profitable since they are the most popular right now.
This is not yet popular IMO but maybe soon we will see more coins traded in DEX exchange.
What I like to happen is that Binance DEX will facilitate coins from other exchanges and make it profitable since they are the most popular right now.
This is not yet popular IMO but maybe soon we will see more coins traded in DEX exchange.
Before I have been a supporter of chosen every altcoins only which I researched. But now it looks like it went through a lot of stages
No more research and they put a smaller risk while buying because of the listed token in an exchange before it could even start.
On the other hand, this could cause another hype. And we dont like it when hypes starts. Bigger problems comes afterwards.
No more research and they put a smaller risk while buying because of the listed token in an exchange before it could even start.
On the other hand, this could cause another hype. And we dont like it when hypes starts. Bigger problems comes afterwards.
Probably we need to get out before that bigger problem starts. Definitely it will cause a lot of hype, just by looking at the huge returns for Binance launchpad alone.
@oktana - I'm not familiar with Chillliz and Raven but at least Harmony is one step ahead already. Those two need to catch up, but then again, Binance is very careful with the project they've release, so I'm sure there will be gaps so that there won't be overlap.
We've been tracking the coins that made Binance IEO for a while. Recently, the projects listed in Binance DEX have started to gain value. When we look at one by one, all projects continue to gain value.
I think Binance DEX's next project will be Verasity. That's why the VRA started to rise every day. He even made 3X in the last week. Do you think this will continue?
I am waiting for your comments for both Verasity and other coins.
there are still strong competitors from Chillliz and Raven, at least three of these coins will be included in the gradual queue list. But specifically for binance dex and Raven I think the concept will be different, more towards the initial dex offering (IDO).I think Binance DEX's next project will be Verasity. That's why the VRA started to rise every day. He even made 3X in the last week. Do you think this will continue?
I am waiting for your comments for both Verasity and other coins.
I monitor the full development of binance dex, CZ is very effective in determining trading competition as often as possible there.
Binance DEX a young DEX exchange and we all here now if DEX exchange is always have a low volume and enthusiast from trader.
trader is always choose centralized exchange because it always have a huge profit and fast to take buy or sell.
this is not time for Binance DEX or other DEX exchange.
trader is always choose centralized exchange because it always have a huge profit and fast to take buy or sell.
this is not time for Binance DEX or other DEX exchange.
Before I have been a supporter of chosen every altcoins only which I researched. But now it looks like it went through a lot of stages
No more research and they put a smaller risk while buying because of the listed token in an exchange before it could even start.
On the other hand, this could cause another hype. And we dont like it when hypes starts. Bigger problems comes afterwards.
No more research and they put a smaller risk while buying because of the listed token in an exchange before it could even start.
On the other hand, this could cause another hype. And we dont like it when hypes starts. Bigger problems comes afterwards.
Binance is the biggest crypto platform for now and is trusted by many investors. Therefore any coins that have a cooperation contract with binance must have a good impact.
It seems that binance affects the fundamentals of investors to buy verasity, resulting in a surge in volume since early June yesterday.
The developer Verasity seems really intent on developing the platform, he doesn't want the platform to die like other platforms.
It seems that binance affects the fundamentals of investors to buy verasity, resulting in a surge in volume since early June yesterday.
The developer Verasity seems really intent on developing the platform, he doesn't want the platform to die like other platforms.
I'm also interested on how the sale is conducted, it's seems they have this sort of lottery draw for Harmony sale.
https://www.binance.com/en/blog/340019725819650048/Binance-Launchpad-Harmony-Sale-Results
I think this is done to curb those sort of 'insider trading'. But yeah, it looks like one good strategy to at least stop the pump-and-dump scheme of some whales who wanted to manipulate this kind of sales.
Quote
May 28, 2019 08:00 (UTC): Binance Launchpad announced that there are 16,666 winning tickets, held by 12,977 total winners. That puts the percentage of winning tickets at 30.82%, among all 54,076 tickets claimed. Lottery winners will get 94,503.78 ONE tokens per winning ticket. The winners’ BNB balances will be deducted based on their number of winning tickets within 24 hours. If you won the lottery, please ensure that you have sufficient BNB in your account.
https://www.binance.com/en/blog/340019725819650048/Binance-Launchpad-Harmony-Sale-Results
I think this is done to curb those sort of 'insider trading'. But yeah, it looks like one good strategy to at least stop the pump-and-dump scheme of some whales who wanted to manipulate this kind of sales.
Whales who are intent on accumulating probably just need to bid for 2-4x as many tickets as they want (possibly across many different accounts), knowing their orders won't get fully filled.
This is probably good for smaller investors though, so they can at least have a chance at buying in rather than insiders and bots instantly buying it all.
how I can see all trade historis on Binance DEX ?
I have account Binance DEX but on my smartphone just see buy and Sell , my trade history , my open order and my balance
Example https://www.binance.org/en/trade/FTM-A64_BNB
I have account Binance DEX but on my smartphone just see buy and Sell , my trade history , my open order and my balance
Example https://www.binance.org/en/trade/FTM-A64_BNB
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The project raised 17 million for building a mere online video platform? It's interesting they didn't include "blockchain" on their twitter description. https://mobile.twitter.com/verasitytech
Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
Only one news related to Binance Dex also makes this coin up more than 60% in just one day. Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
Yes, I am agreed with this point. And I have seen most of the coin which is announced before listing binance/dex were pumped very hard. even more than 100% in a day. Anyway I don't know about verasitytech will be listed or not. But the tweet says that will be listed.
So they have bnb as their currency and if they turn into dex than they will have to use bnb as the money you would get from the profits of it, like binance would make profit from listing new coins and trading fees etc etc and that profit would go to where exactly? BNB holders?
If that is the case as the biggest BNB holder they would make a lot of money but since their currency is open to public there would be a lot of people buying BNB and holding it trying to take away profits from binance as well.
If they somehow create another coin and only sell %50 or so to the public while claiming the rest as their own for the profits that is still giving way more than they are making right now. As long as a path for them to make as much as they are right now while turning into dex exchange is not available they will not do it.
If that is the case as the biggest BNB holder they would make a lot of money but since their currency is open to public there would be a lot of people buying BNB and holding it trying to take away profits from binance as well.
If they somehow create another coin and only sell %50 or so to the public while claiming the rest as their own for the profits that is still giving way more than they are making right now. As long as a path for them to make as much as they are right now while turning into dex exchange is not available they will not do it.
The project raised 17 million for building a mere online video platform? It's interesting they didn't include "blockchain" on their twitter description. https://mobile.twitter.com/verasitytech
Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
Only one news related to Binance Dex also makes this coin up more than 60% in just one day. I think this is decentralized exchange will be a lot of other pennies known and if any news related to Binance Dex then consider buying immediately because the value of most projects is present at Binance Dex has a very high price after a few days and if luckier, you can double the profit from that information. Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
The project raised 17 million for building a mere online video platform? It's interesting they didn't include "blockchain" on their twitter description. https://mobile.twitter.com/verasitytech
Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
Well, I do not think I will ever take any blockchain project that raises fund in that way seriously.
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