Review on Binance Coin by Temitope Babatunde
BINANCE COIN, A PROMISING COIN.
Binance coin was issue as a token in 2017 on ethereum smart contract as utility token for Binance centralized exchange, but it is now on its own chain, even some token is being issued now on this chain. Binance coin is one of the best performing exchange coin and it occupy a very good position on coinmarketcap. 30% of the transaction fee generated on Binance exchange is use to buy back Binance coin every quarter and burn which make the coin to be increasing in value as the number is decreasing. Presently it has circulation supply of $179,883 948. Looking at the fundamental analysis of Binance coin one will see that it is a coin one can buy and hold for long time because the price is always stable for a while. Binance coin is also the native coin of Binance DEX exchange.
Pros
- Holding Binance coin give one some opportunities on Binance platform
- Binance coin can be use to pay fee on the platform and if you it you will have discount.
- It is a coin that if you hold you can do that with rest of mind because it can never fail.
Cons
- Number that you must hold before one can participate in voting on the platform is too much.
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Comments (1)
May 02, 2020
Recently many accept the use of bnb as a means of exchange. Looking at the fundamental analysis of binamce coin one can deduced that is it coin that one can purchase and hold on to for a very time because it has a stable price
