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Review on Binance Coin by Luyn Hoang
Of course, the potential for increased value in the Binance coin hinges on the…
Of course, the potential for increased value in the Binance coin hinges on the success of Binance as an exchange. If the exchange can maintain the momentum that took it from just launched to number one in trade volume within six months the future should be quite bright for Binance coin, and for those that own the Binance coin.
Pros
- While Binance is slowly phasing out the trading discount provided by the Binance coin, they are finding other ways to make the coin valuable, such as burning coin supply and creating a decentralized exchange that will use the Binance coin as its native currency. This would not only increase the value on Binance coin, but would also give it utility far into the future.
Cons
- You may have heard of KuCoin before, another exchange with its own currency. This is pretty similar to Binance, with both tokens being used to pay trading fees on their respective exchanges. There is one distinguishing difference between the two in regards to the way they distribute profits from trading fees.
