Review on Binance Coin by Cesar Medina
Binance Coin cryptocurrency of the most popular ecosystem
Is a cryptocurrency created by the largest and most popular crypto exchange Binance. The cryptocurrency was created basically to support transactions on the platform. This is to raise in question the importance of the token in Blockchain projects. We can use it to pay trading commissions on the platform, trade it for other cryptocurrencies, use it for token sales and use it as an alternative payment method. This cryptocurrency is totally different and was born by the will of the company to promote it for their respective businesses. It is not mineable and it is centralized but it is still not of vital importance for the cryptographic community.
Binance is one of the platforms that has been in constant growth and that is also reflected in its cryptocurrency. It is the perfect instrument to save a lot of money, it will also be useful for people who actively trade on this platform. In this way, it has become an investment method.
Binance Coin is an ERC20 token obviously based on Ethereum, the cryptocurrency in summary was created for the promotion of projects and contributions for the benefits of those who own BNB on the platform. It is like the gasoline of the ecosystem.
Pros
- Created and powered by the best company.
- Growing popularity.
- Discounts by the ecosystem.
Cons
- It could be supported by regulations.
New products
Comments (1)
November 17, 2020
Binance coin is a heavily traded cryptocurrency.
Using the Binance coin, very special discounts are made, which makes the Binance coin very useful.
It is possible to earn different new released cryptocurrencies by keeping BNB coins in our Binance account.
Binance coin, a candidate for the most popular cryptocurrencies in the future
