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Review on Binance Coin by Celil Ozturk
Those who benefit the most are users who frequently trade on the platform…
Those who benefit the most are users who frequently trade on the platform while holding the BNB token. It’s entirely possible to utilize the exchange without buying into the native coin, yet most users immediately see the value to be gleaned from the discounts offered to dedicated users. Added to that, any casual search will show a history of its true utility and rising value.
Although there are altcoins with greater value and quicker trajectories, the fact that BNB is the coin of a thriving exchange gives many users the balance of movement and surety they seek. By the same token, all puns intended, probably as many traders hold some BNB on the exchange to secure discounts, but are not actively eyeing the altcoin as an investment.
While they are also available elsewhere, most traders follow the logic of buying BNB on the Binance exchange. Of course, storing them on the exchange identifies users as privileged traders that qualify for discounted rates.
The BNB has many applications, primarily as the fuel that drives the hotbed exchange. Groundbreaking cryptocurrency and payments platform, Monaco, has extended its cooperation with Binance to enable a mutual exchange of value. Binance has listed Monaco’s MCO token, and in return, Monaco will support the Binance’s BNB token.
This agreement includes the Monaco Mobile App and the Monaco Visa Card, and Binance also hosts the MCO/BNB trading pair for the benefit of both parties. Various promotional overtures also take place, where the companies publicize one another to their respective user bases.
In a spate of mutual admiration, the partnership seems to be growing all round month on month. Although both are fintech projects (Monaco's stated aim is to be “bringing cryptocurrency to every wallet”), there is an air of association that seems novel for the industry. Both projects are perfect add-ons for one another, and both seem equally valuable and continue to grow.
Many users recognize the CEO, Changpeng Zhao, as an experienced and savvy presence in the arena. He is also the founder of OKCoin, the well-known Bitcoin exchange, and BijiTech as well. A possible reason why the exchange and its coin seem to be enjoying an enviable uptake is that fellow co-founder of OKCoin Yi He is also a top-tier cryptocurrency advisor.
Pros
- What they may not know, if they aren’t using the Binance platform, is that the exchange also has its own token, called the “Binance Coin (BNB)”. This token was released as part of an ICO for Binance, and the value of the token has been steadily increasing since as the platform increases in popularity.
Cons
- Binance is rated one of the top digital exchanges in the world, and many investors are fiercely loyal to the platform. With a good offering on pairs, Binance lists most of the sterling altcoins of the here and now, constantly reviewing its offer.
