Binance Coin (BNB)

$28.78 (-0.31%)

BNB/BTC

0.00361890 BTC (-8.95%)

BNB/USD

$ 28.78 (-0.31%)

Binance Coin Discussion

niggle  25 Apr 2019 12:10
Nice little run up with Minet done and the Matic lottery results today. I won a few tickets :)
niggle  18 Apr 2019 17:22
!LTCHART!FUNDAMENTALS!NEWS Is anyone trading these? They are in the process of migrating from the Ethereum platform as well as launching a lottery for a new token called Matic. I bought at around $6.5 and have added substantially since. From Mike Dillard (who has since been proven right) Binance.com has become the world’s largest crypto exchange in less than two years, growing to 10 million+ users, with an expected profit of around $1 Billion in 2018. In less than 24 months, they are already more profitable than Fidelity. While US residents think of Coinbase when they think of the leader in crypto, the rest of the world thinks of Binance. In 2017, Binance issued their own utility token, (BNB) in an ICO that raised $15 million through the sale of 200 million tokens. BNB is brilliant for a few reasons… The first is that Binance incentives their 10 million users to buy the coin, because holding it provides them with a 50% discount off their normal trading fees. Second, Binance uses 20% of its quarterly profits to buy back the BNB tokens. It then “burns,â€￾ or destroys, those tokens. That means they go out of circulation, and the value of the remaining tokens goes up. This process will continue until the original 200 million tokens are reduced down to 100 million. Third, Binance recently announced the creation of a new decentralized exchange called Binance Chain which will be powered by the BNB token. To date, there are many decentralized exchanges, but they are extremely slow to use, and do not have the liquidity that Binance does. These decentralized exchanges pair buyers and sellers together, and their coins are traded in real time without a central point of control. I predict that Binance’s decentralized exchange will dominate this sector in the market, and fueling demand for BNB in the process. Fourth, in September of this year, Binance founder, Zhao Changpeng, announced plans to open 5-10 new Binance exchanges around the world next year, starting with Singapore and Malta. As the growth of Binance continues to outpace every other exchange in the world, including Coinbase, demand for the BNB token will dramatically increase, while supply is simultaneously cut in half through their quarterly buy-back and burn program. Increasing demand for an asset with real value and utility that is becoming more scarce every quarter means one thing… The value of the BNB token will skyrocket in the years to come. During the Binance ICO, you could have purchased BNB tokens for $0.10 each. Today, just 18 months later and in the middle of this bear market, they are trading for $6.28. That’s a 6,280% gain. Personally, I wouldn’t be surprised to see the BNB token trading north of $100 in the next bull run.
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P: V: D:20190519 06:20:32