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Review on Binance Coin by Daniel Landry
BNB from ERC20 to Native Token of the Binance Chain!
The BNB token has come a long way from it's usage as a fee reduction tool to it's newest title as the native coin of the Binance Chain. The employee's of Binance have chosen to be paid with BNB tokens instead of it's own country's currency, which speaks volumes in itself for their belief in it BNB's future as a viable alternative for transacting. But the biggest growth avenue for this toekn comes in it's newfound usage as the main trading pair on Binance's newest venture the decentralized exchange service. That fact alone will increase it's value incredibly for the foreseeable future.
Pros
- Is now the native token of the Binance chain.
- Is being burnt quarterly which will increase it's value through deflation.
- Still can be used to lesson trading costs on Binance Exchange.
- Biannce employees except it as payment for services.
- Easy transfer through ChangeNOW from ERC20 to the new chain.
Cons
- The chain does not appear to be very decentralized.
