Review on Binance Coin by James joseph
Binance coin
Binance Coin like most crypto exchange having their native token used for rewarding it users the Binance Coin servers as a token for rewarding it users by giving them special treatment such as having discount for making transaction being an ERC20 token base on ethereum blockchain the Binance coin has gained much market value having been among the most recognize exchange token with good market price. it has good market cap to attract more investors and traders it can be paired and traded with multiple crypto pair on the exchange Interestinly Binance coin are accepted and traded in other crypto base exchange platform.
The coin can additionally be used for paying trading fee launched in 2018 with market supply of over million plus token BNB token don't support mining activities like other token, it is affiliated with a recognize exchange which makes BNB a secure investment asset for traders and investors.
Pros
- ERC20 decentralized coin with popular exchange
- Transparent and secure coin for investment
- Traded with multiple pairs and accepted in multiple exchange
- Good investment coin
Cons
- BNB price fluctuate and can go down with market movement not stable
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Comments (1)
February 03, 2021
Best benefit of using bnb coin is you can use bnb coin to pay as Gas for transferring coins from exchange and on bscscan network. As ether Gas has become a big issue most token on bep20 network can be transferred using bnb coin. Stability of price is related and part and parcel of crypto industry as coin and stock value signifies the demand and can fluctuate from time to time but bnb has been a consistent and top performer.
