Review on Binance Coin by Raquel Matos
it is a very good coin with an excellent platform
This currency has an open source sofward, it has blockchain technology, it is a currency mainly commercialized in the Exchange Binance to carry out or manage the collection of transaction fees or commissions of the Exchange. It is a currency that does not allow mining, it can only be exchanged for another digital currency in Binance. On July 24, 2017, it began trading at a cost of 0.1152 dollars, since that day it has gone through a growth of 14.54 dollars on June 3, 2017
Pros
- Lowers commission costs within the Exchange Binance It can only be exchanged for another digital currency within the Binance platform. Users who make many transactions opt for airdrups that are free Binance coins. Facilitates trading and savings on transaction fees There is a system of discounts for commissions according to the time it has been in use by the user on the platform, for example the first year is 50%, the second 25%, the third 12.5% and the fourth 6.25 % and from the fifth year there is no discount. It reduces the time in the transactions since coin purchases can be made in seconds. It occupies the 10 position of most commercialized digital currency
Cons
- It has a limit of creation of 197,192,382 BNB cannot be traded on any other exchange
