1 Level
6 Review
5 Karma
Review on Binance Coin by Kola Rasaq
BNB seems emblematic of the “middle way” option for altcoins. Respectable and…
BNB seems emblematic of the “middle way” option for altcoins. Respectable and dynamic, the Binance exchange and its token make up a sleek, professional package. Although the exchange has suffered its fair share of complaints and criticism, customer support is better than average and it appears at a glance that no serious allegations have arisen and remained unresolved.
A total supply of 200 million coins was minted at the outset, yet Binance is using 20 percent of quarterly profits to buy back and burn BNB tokens.
Pros
- BNB has many applications, which primarily serves 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.
Cons
- Those who buy into BNB tied as it is to the fate of the exchange, are mostly HODL types and any negative news that's not properly managed will dip the price seriously.
