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Review on Binance Coin by Roger Sandoval
Complete Review of Binance Coin
Binance coin is run on BinanceChain and its very fast blockchain technology. Binance Chain transaction speed is very fast and if we check the stats then binance chain can do 1.4 million transactions per secound which is quite very fast. Binance coin main use is BinanceDex. BinanceDex is binance chain decentralized exchange and there are many projects listed which are rund on binance chain.
Binance coin CEO Chengpeng Zhao, always doing work hard to grow the binance coin. Binance team launches many projects for the adoption of binance like Launchpad.
In Binance launchpad, Holding Binance coin is necessary so, users buy BNB for participating in IEO and price increases, and now for early access of margin trading also, you need to hold Binance Coin.
Binance provide many features and offers to Binance coin holders so, eventually price of BNB is always increases. Binance Creates best and advanced Chain for Binance coin which is Binance Chain.
Binance Chain Network transaction fees is also very low and that is affordable to each and every users. Binance runs many various trading competetions on BinanceDex there also user holds BNB to participate.
Overall, Technology wise Binance Chain is very great, very fast and in lowest transaction fees. Any project can create BinanceChain token and list on Binance Dex easily. For traders Binance coin is very useful if you are using Binanc Exchange for trading.
Leave your comments and points that i miss in this review in given comment box. 👍🏻
Updated 5 years ago
Rating has not been changed
Binance coin of Binance exchange have many usage and works in current market. and as CZ said in his AMA, The all team BNB tokens are burned eventually as well as on trading fees, by using bnb it makes 25% discount on fees.
Pros
- Binance coin main benefit is its transaction speed. Binance chain has a capacity to do 1.4 million transactions per secound.
- Binance coin is a native coin of Binance Exchange and it is very useful to reduce the trading fees on Binance.
- BinanceDEX is runs on BinanceChain and currently many tokens are runs on BinanceChain.
- Binance coin is accepted in most of places and for booking journey and many more places.
- If you want to participate in Launchpad of Binance then you need to hold Binance coin to be eligible.
- To increase the value Binance will Burns BNB tokens from 200 million to 100 million.
Cons
- Investing in Binance coin is quite risky because it totally depends on Binance exchange and any bad news of binance can dump the price of BNB.
- Also, Currently Binance price is very high like All Time High from its listing so, price maybe dump anytime.
