Review on Binance by Jack mason

Name: Binance
Item: Binance
Rating: 5

August 18, 2020

Value of BNB

The future of BNB is highly dependent on the development of the Binance ecosystem. Especially Binance Chain and Binance Exchange.

According to the law of supply and demand, the price of an object increases as the need to use the object increases more strongly than the need to sell.

Applying to BNB, you can see a number of factors affecting the buying and selling needs of BNB as follows:

Exchanges
First is the spot trading array. You can see that the benefit from fee reduction is no longer a big advantage like 2017.

But, after the fifth year (ie, 2021), the use of BNB to pay transaction fees is no longer available. As a result, users will incur higher transaction fees if not upgrading VIP.

At this point, Binance's revenue from transaction fees will be much higher than it currently is.

Next, you see that Binance is expanding to Margin Trading, Future Trading (Binance Future), Option Trading (Binance JEX) and many other areas such as OTC, Fiat Gateway ... I like BNB because transaction fees are cheap and transactions are fast but the price of BNB is not stable. Happy Binance growing.
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