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Revainrating 5 out of 5

BNB from ERC20 to Native Token of the Binance Chain!

The BNB token has come a long way from it's usage as a fee reduction tool to it's newest title as the native coin of the Binance Chain. The employee's of Binance have chosen to be paid with BNB tokens instead of it's own country's currency, which speaks volumes in itself for their belief in it BNB's future as a viable alternative for transacting. But the biggest growth avenue for this toekn comes in it's newfound usage as the main trading pair on Binance's newest venture the decentralized…

Pros
  • Is now the native token of the Binance chain.
  • Is being burnt quarterly which will increase it's value through deflation.
  • Still can be used to lesson trading costs on Binance Exchange.
  • Biannce employees except it as payment for services.
  • Easy transfer through ChangeNOW from ERC20 to the new chain.
Cons
  • The chain does not appear to be very decentralized.

I would recommend to follow the bnb coin, and trade to it. Also participate in the ieo.

Pros
  • Very interesting coin. Showed a good growth. You can pay a commission on the binance exchange, and it will be cheaper. You can also participate in the ieo on the eponymous exchange. Lots of shopping pairs!
Cons
  • To date, I do not see coins.

Overall bnb coin is not much bad for hold also if we participated on ieo we can multiply our investment, also bnb given insane growth in 6 months its was nearly 4$ not its 35$ so holders enjoyed huge ride

Pros
  • This coin is really cool, their team and ceo brings a use coin of this coin everywhere such as recently they lauched lauchpad for ieo's so users must hold 500+ bnb for 5 tickets so everyone holds bnb worth 17500$ which is quite good and also bnb coin is mainly used for high refferal bouns if we hold bnb our trading fees also decrease on binance exchange
Cons
  • Hyping to much, Investors maybe at risk recently hackers hacked 7000 btc from binance exchange and that day bnb dumped 33$ to 23$ means if binance face any problem bnb coin will badly effect

Yes i like this project Yes i like this project Yes i like this project Yes i like this project Yes i like this project

Pros
  • It's awesome and amazing to use It's awesome and amazing to use It's awesome and amazing to use It's awesome and amazing to use
Cons
  • It's bit slow but they are doing good It's bit slow but they are doing good It's bit slow but they are doing good It's bit slow but they are doing good

I'm trading this coin sice it launch.its a exchange coin so it has rare chance to fall like other coin. It has some big coming news which can impact on it's price. In my opinion this is going to be a one of the best crypto currency. If you already invested on it than hold tight. Best of luck.

Pros
  • It's trading fee is very low. It's a coin which going to impact on whole crypto market.
Cons
  • It's price maximum time unstable.normal trader's got problem some time when they trading this coin.

From the ICO, Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard.The token was established with a total supply of 200 million. As per our whitepaper, Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned.

Pros
  • It is currently attempting to resume the up move and break out of the overhead resistance at $10. If successful, a rally to $12 is probable. The range between $10–$12 is a major hurdle, hence, the cryptocurrency might remain in this range for some time.
Cons
  • Binance Coin (BNB) corrected for three days and found buyers close to the 20-day EMA

world leader in crypto exchange i think 2019 is a good year for this crypto because a lot of evolution coming up with a DEX and funding the new poject with the Binance Launchpad platform

Pros
  • bnb is the token of the platform binance, created by a crypto enthousiast named Changpeng Zhao's alias cz, the bnb bute is to make less expenses for the transation for users of the platform but the bnb will make its own blockchain on the February of 2019 and the token will surely have more posibility of use with Total Supply 189175490 BNB Circulating Supply 141175490 BNB and with over 9 million users, the Binance Exchange, currently number one in the world
Cons
  • nothing for the moment the project advances and innovates

Revainrating 5 out of 5

i am realy like this

i am realy like this

Pros
  • binance my favort exchang my frist trade this exchang now i my all fund in binance i love this
Cons
  • Binance is also the name of a cryptocoin (BNB) traded and used on the Binance exchange

- Hoping to see binance run a coin on own blockchain like bitcoin, EOS, TRX and etc (Not as ERC20). - Money value to invest.

Pros
  • - Talented CEO: CZ - Utility Token: Yes. - Demand: High. - There is maximum supply is good indicator to valuable asset/currency. - Discount rate on holding BNB as trader on binance.
Cons
  • - "There is no dividend distributed on holding BNB on binance" as there is another crypto exchange develop similar to binance that paying dividend while holding their coin like "BankCEX". - BNB is "Token" not a "Coin" as BNB doesn't run on own blockchain.

It is a very interesting currency that offers a safeguard of value even if the Bitcoin goes down in price, the burning of the tokens quarterly makes it revalue the same in time, the negative is that its usability is limited and after these 5 years the Only one that could maintain the same is if the plans to make the decentralized exchange are executed.

Pros
  • Binance Coin is a currency that was created to operate on the most volume currently handled that is "Binance", one of the aspects that makes it quite attractive is its usefulness and is that, through it, you can get discounts on rates of transactions that are executed in the exchange for 5 years. In addition, this currency is almost always found in number 1 of the Exchange that have more volume. Even more interesting is that Binance is currently expanding a lot even to African countries like Uganda, which would result in many more customers that would result in many more purchases from the BNB which would undoubtedly boost its price and its adoption beyond the limits you are in right now. The cryptocurrency has a total supply of 192 million, however, they gradually perform a burning the same as to be about 100 million, this action is performed quarterly, which meet 20% of their winnings to repurchase tokens, which means that there will be less and less currency supply, which will also increase its price, since the less the supply of coins, the greater the value of the token in question. Something that must be highlighted is that the evolution of its price has always been growing, independently of the movements Bitcoin makes, which makes BNB an excellent currency that can serve as a store of value over time.
Cons
  • It does not have its own chain of blocks since it is based on the Ethereum, enjoying the benefits of the currency is only framed has only use Binance as an exchange, without being able to acquire the currency by other means, regardless of whether a person operated or it will not operate, could also provide access to the external public to enjoy its stability. Because its main yield is in China, it can be affected by the regulatory problems of the same. The discounts they now have to cover the transaction fees are limited to 5 years, so after this time the currency would have no use value to be attractive to investors.

From a Westerners point of view.. Customer service is very poor, ICO's still only provide majority of details in Chinese, Social media interaction isnt frequent enough. I think these are my major short term concerns but none of them should be too hard to fix up (however are essential to the long term growth of the company), im a big believer in Binance and BNB but its only fair to list some of the negatives too.. From a Westerners point of view.. Customer service is very poor, ICO's still only…

Pros
  • Binance is known for its fast transaction processing as well as its low trading fees (0.1%). The Binance technology is capable of processing 1.4 million orders each second. But having to go to the slack sort of defeats the purpose, you dont want to have to be going into Slack to get customer service. Their exchange is their shop window and you want the customer service on the exchange to be decent.. which at the moment its sadly not. I have not been this impressed with a founding squad in a while. In addition to their competence and ability, they are diverse in nationality, language, and profession. CEO Zhao was born in China but attended high school/college in Canada and is bilingual. CTO Wang is fully trilingual. Both Hofbauer and Jankunas have worked with CZ and are both familiar with Japanese/Chinese crypto and exchange services. This certainly looks to be a good fit!
Cons
  • Based in China, so it’s unclear how recent regulatory actions by the Chinese government may impact the exchange, It is an interesting point you make tho, they could possibly choose to hold on to the BNB tokens they received from transaction cost and choose to flood the market prior to a buyback, then subsequently pick up the tokens they have to burn at a discounted price. Hopefully there is some transparency or detailed information on how they will handle BNB tokens they have on hand. It does seem that they can possibly manipulate demand and supply by controlling the amount of tokens they have on books, since they would have a steady supply of tokens on their books. In this case I need to know what are the incentives for the exchange not to cheat.

Steve_bnb made this comment recently. Does the explanation line up with what you've experienced? If so, I think this is a decent enough explanation as to why some customers are getting immediate responses and some feel like they're getting the runaround.

Pros
  • The exchange was created by experienced professionals in the cryptocurrency space, and the most recognizable name behind this project is that of Changpeng Zhao, former CTO at OKCoin. This is exactly what I wanted to see, so thanks for the reply. It's sometimes hard to stop and discuss some of the negatives here during this exciting time so thank you for playing devil's advocate. Hopefully these concerns will be squashed in the time coming after some of the hype and activity slows. I myself am from the US and I certainly do agree that the ICO's providing details in primarily Chinese is a bit of an issue that should be handled considering Binance is claiming "multilingual support". But I'd say that there are much worse problems to have for an up and coming exchange/currency. Thanks again!
Cons
  • After the 5 years of trade discounts and the 50% buyback, the token will have no value unless the third use (decentralized exchange) adds enough value to stand on its own.

Revainrating 5 out of 5

Hah im also in New Zealand, maybe i should of elaborated. The live chat…

Hah im also in New Zealand, maybe i should of elaborated. The live chat portion on their site is poor... or at least the two experiences i have had were. Their english was terrible and they kept replying over and over saying they did not know the answer and could not get anyone to find the answer

Pros
  • Binance has issued its own token, BNB. This token can be used to pay any kind of fees incurred on the exchange. If you pay using BNB, you will receive a discount on the trading fee. Personally, I think that Binance has been the best exchange existing so far, as it is intuitive, reactive, and very good looking both on computers and mobile devices.
Cons
  • The major problem we have with Binance is that the company is new and the project hasn’t been around long enough to actually prove itself.The two issues you raised at the end are tied to each other I believe. The BNB tokens received by the exchange for transaction cost can be seen as revenue similar to 0.1% transaction cost earned on coin transaction (assuming they do not use BNB). This revenue is then used to conduct their activities as stated in the white paper, marketing, expansion and repurchase of tokens. Whether they choose to buyback BNB on the market or burn the tokens they have on hand is obviously not transparent as you have stated. However the amount they are allowed to burn/buyback each quarter is supposedly fixed by their revenue.

There’s no denying that the fate of the Binance coin is tightly related to the performance of Binance as an exchange. 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.

Pros
  • The Uplive platform supports BNB so that users can buy virtual gifts, seem to come along regularly on the exchange. This is in contrast to a far more staid approach by many of its peers.
Cons
  • Great team communication is good overall its awesome for me there is no problem.

Revainrating 5 out of 5

I also think Binance is a very good exchange, you find almost all quality…

I also think Binance is a very good exchange, you find almost all quality token there, it has high volume and the best security. The White hat Hacker project called Hacken has recently tested exchanges and their security, only 2 got best rating: Binance and Cobinhood.

Pros
  • Binance is the greatest exchanges and my long favorite, the thing that makes me satisfied is when I get into trouble then they quickly solve it, and of course the presence of BNB further strengthens Binance in the future. Most of the big traders are available in this big exchange.In every second thousand of buying/selling so many alts in this exchange.Top volume exchange in coinmarketcap.
Cons
  • Only available on BNB platform.

Revainrating 5 out of 5

I think binance will be the future of exchanges too not only because i am…

I think binance will be the future of exchanges too not only because i am comfortable using it, low exchange rates, high volume of cryptos but because it's also secure. I have been into binance and i haven't found any security issues yet.

Pros
  • Good news, Binance are supporting the new Pundi-X (NPXS) monthly reward system. "Supporting exchanges for new mechanism are Binance and OKCoin Korea. " https://medium.com/pundix/august-unlocked-for-pundi-x-token-holders-and-new-mechanism-explained-8ce1be4fc15f https://support.binance.com/hc/en-us/articles/360014965852-Notice-Regarding-Updated-NPXS-Monthly-Token-Unlock-Program
Cons
  • after the 5 years of trade discounts and the 50% buyback, the token will have no value unless the third use (decentralized exchange) adds enough value to stand on its own.

Revainrating 5 out of 5

Binance strives to become one of the biggest players on the market by…

Binance strives to become one of the biggest players on the market by providing decent trading technology, huge array of cryptocurrency pairs to trade and rally generous fees and commissions. On the other hand, Binance is operates from china where official stance on cryptocurrencies has deteriorated recently.

Pros
  • Lowest fees on the market Excellent trading interface Fast and effective Serves a huge range of cryptocurrencies (including Bitcoin) Multi-Device Support: Binance supports web browsers, Android, HTML5, WeChat, and other platforms. Very High Transaction Processing Speed Proprietary Platform Technology
Cons
  • Only provides options for limit and market orders As a strictly cryptocurrency only exchange, you cannot fund your account with normal currency Hong- Kong Based Relatively Low Liquidity (after China Regulation Efforts) Not very accessible to beginners

One of my favorite exchange is binance and the growth that happened to this exchange is remarkable right now this is one of the top exchange the volume is high it means that people love to use their platform if you buy their coin right now then by next 5 years you will gain big profit as long as they will keep the security tight and no hacking will happen then this will remain one of the leading exchange we will have.

Pros
  • Binance Labs announced incubation program. This can bring many early stage projects to Binance Labs and under Binance wings.
Cons
  • Binance is an average looking website that offers nothing other than what other exchanges offer.

The Binance exchange has a native coin that is rapidly becoming known as “the trader’s coin.” As a cryptocurrency exchange, Binance had its in-house coin from the ICO. Traded as BNB, the altcoin has value as a tradable pair, but functions mostly as a facilitating token on the exchange itself. Users holding BNB get discounts that others don’t, and the coin is rising in value on its own merits as well. Binance is rated one of the top digital exchanges in the world, and many investors are

Pros
  • Binance is known for its fast transaction processing as well as its low trading fees (0.1%) Personally, I think that Binance has been the best exchange existing so far, as it is intuitive, reactive, and very good looking both on computers and mobile devices. The Binance technology is capable of processing 1.4 million orders each second
Cons
  • Investor Can Not Buy BnB With Fiat currency Based in China, so it’s unclear how recent regulatory actions by the Chinese government may impact the exchange

Revainrating 4 out of 5

Binance is truly a potential altcoin. Founders and business managers are…

Binance is truly a potential altcoin. Founders and business managers are working very hard to increase Binance's security level to the highest and they will often pick up the best altcoins to list on their trading floor. That really is a great strategy and I believe the price of Binance will be x3 in 2020.

Pros
  • Binance has become one of the most successful development from ICO project. Even now many people wish that new altcoin from the ICO project they joined in, could be listed in Binance. They thought when it lists there, the price would be stable and even doubled.
Cons
  • Can not buy BNB with fiat.