Binance Coin - multipurpose cryptocurrency
Initially, the Binance Coin token was conceived as a highly specialized cryptocurrency to solve the financial issues of paying the commission directly to Binance. Developers, creating the project, set themselves 2 fundamental tasks:
• Support your own crypto BNB assets and increase the number and volume of trading;
• In the future, develop on the basis of the exchange a unique exchange of blockchain assets and add a coin to other markets for trading, both with a crypt and a fiat.
Today, with the help of a coin, it is possible to carry out settlement operations, and over time it is promised that available super-functions and privileges will become available for BNB owners. I think that among such bonus offers, the administration will offer preferential tariffs of commissions, and perhaps even conditions for depositing and withdrawing funds.
BNB history
The idea to create a coin appeared at the end of last year, and today, in fact, this is not how many cryptocurrencies, how many BNB tokens, which allows you to receive a further discount on payment of commissions only inside the site, but this is already good.
During the creation of Binance Coin, the main focus was directly on one of the most popular ERC20 algorithms, and according to insider information, for a long time developers could not come to a common denominator regarding whether to provide independent or cloud mining or not. The history of the BNB token Binance has already experienced several phenomenal jumps in the course, and I want to believe that it was not the last time.
Ico
The implementation of ISO for the BNB token has become quite successful. Last summer, we managed to attract about $ 15 million, and the token itself added the popularity of the Hong Kong-based Binance. Besides the fact that the token has become a kind of good PR move, it has become a way to save the costs of professional and novice traders, who have been brought up to the site.
But what surprised not only me, but also many partners, is that the binance coin, in fact, with each new year on the exchange, will only offer a reduction in the discount for the purchase of BNB according to this scenario:
• 1 year - 50%;
• 2 year - 25%;
• 3 year - 12.5%;
• 4 year 6.75% and until the indicator comes close to zero.
Literate emphasis on human psychology: what will soon disappear, you need to buy today.
Binance Coin Capitalization
Binance is often called the “exchange unicorns”, which has managed to turn ISO into a real successful situation and continues to develop it. If we talk about the capitalization of her personal token BNB, then literally 3 months after the end of the ISO from 15 million, it increased to 176 million dollars, which is a very solid indicator. Plus, this indicator may be affected by the announced Margin Lending Fees - a commission on margin loans, and, as a result, the margin trading itself. Although today in the cryptomere, discussions about what size the token capitalization is realistic (and whether it is not related to fake transactions on the home platform for warming up the situation) and whether cardano cryptocurrency is still sharpening. At the time of this writing, the overall market capitalization was $ 138 million.
Where to buy Binance Coin
I think I won’t surprise you if I say that you can buy BNBs at Binance itself without any difficulties. On the native platform, the token is traded in pairs with more than 50 popular crypto-coins, including the EOS cryptocurrency. For comparison, at the time of adding to this platform, there were only 5 of them.
You can also buy a BNB token on EtherDelta, which specializes in the sale of tokens issued on the Ethereum standard. A distinctive feature of working with the platform is that it is not necessary to register, and the service provided is very convenient and understandable. Interestingly, anyone can add currency for transactions.
And if you have already decided that the token is interesting for you in the future, or today you want to master the cryptocurrency trading, the finished material on my blog is full of valuable and practical recommendations.
Binance Exchange
Over time, the strict role of the means of payment by the BNB commission must change and be transformed into:
- Trade futures;
- Adding trade with leverage;
- Start the service, allowing you to instantly share assets.
This suggests that the binance exchange has solid plans for development, and the Binance Coin roadmap is spelled out quite competently and taking into account all strategic parameters, which will allow the exchange to become a full-fledged decentralized blockchain platform.
Today, the binance exchange official website continues to collect positive feedback on the usability, registration and daily trading of cryptocurrencies, including the branded Binance Coin.
Exchange EtherDelta
The very name of the site already suggests that it works with smart contracts and coins issued on the standard ethereum. Founded by Zach Cobern last year, the exchange gained considerable popularity due to the fact that the decentralized scheme protects the site from hacking. So far, the Russian language has not been added to the website of the exchange, but with the help of automatic translation of the browser, you can trade quite well. The uniqueness is that you do not have to wait for trades until the coins appear on the listing of the exchange. Despite the fact that it offers many coins for work, stellar cryptocurrency is not added, but you can buy it at Binance.
Source: https://www.iqmonitor.ru/investicii/bitcoin-invest/binance-coin.html
