For any project’s success, behind it platform and teamwork have a big role. A big example of this is BNB. #Binance at this time is world’s number 1 exchange which is best in every way.
Here you get every type of facility, if you talk about trading then you will get very low trading fee commission. You will see different features of bot and along with that passive income options are also available.
That means #Binance wants to give its users every type of facility, they don’t want that their customers move towards any other exchange. Meaning they gave such facility that users cannot even think to go to another exchange.
In this way they are not only working on their customers, but also making their platform better. Through teamwork they are removing their weak points. They are finding the best solutions of every problems.
How Binance Keep BNB Growing?
Interesting thing is through their platform they are giving strength to #BNB coin which is Binance’s native coin. You noticed how #BNB performed, making new all-time highs again and again. The big reason is the staff members working behind it.
They made such a mechanism that BNB coin price only keeps increasing, traders and investors are forced to keep investing in BNB coin. How? Very simple answer. Launchpool which supports every new coin.
Whenever any coin gets listed on Binance, before that it is given in Launchpool, where users stake through their BNB and in return they keep earning that new launching coin. In Launchpool normally one coin duration is 4-5 days.
During that time users buy BNB and keep it in staking and in return they earn very good APR. Meaning whenever new coins launch, BNB price keeps increasing. Binance is doing exactly this and they will always try to keep listing new coins.
They are hitting two targets with one arrow. One, increasing their BNB coin price, and second, satisfying their customers with small passive income. In such a situation BNB coin will never go down but slowly keep going up.
Apart from this, for traders in BNB coin discount is kept. Meaning the user who holds BNB will keep getting 20% discount on trading fee. So in this way every trader will wish to always keep a small amount of BNB in their portfolio.
There are lakhs of users, if everyone holds even small amount of BNB then surely on BNB price good impact keeps coming. This is the reason BNB price keeps increasing.
Can Hive Learn From Binance?
Now compare this with HIVE. Surely Hive has its own ecosystem where there are good number of users. But why its price is not increasing. There can be many reasons but the biggest reason is no teamwork. Everyone here is busy in their own thinking.
We never thought to keep any arrangement for launching new coins. What if before launching any coin, every user stakes through their Hive coin. And for as many days as he stakes, according to that he keeps getting rewards.
One thing keep in mind that every person craves for rewards. If he sees proper reward then he will keep taking benefit from his investment. In same way if we see that Hive witnesses or stakeholders bring such system where Hive users and other investors happily buy Hive and put in staking.
In such case ecosystem will also get strength and along with that Hive coin price will also keep increasing. Apart from this there are many more ways to use Hive coin on which main stakeholders must think. If it remains limited only to content then in next few years Hive price will fall more.
Do you think that like Binance Launchpool, in Hive also such feature should be brought where users happily stake their Hive? Do you agree with my points? Express your opinion so I can improve in next post.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
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