Review on Binance Coin by Danh Huỳnh Ngọc Công
Binance and BNB have long been a strong symbol of digital assets exchange…
Binance and BNB have long been a strong symbol of digital assets exchange models. Their reputation and prestige are getting better with time. The extraordinary team behind them is the concrete base for their growth and development. However, the emergence of new exchanges models is a big challenge to the team but competition is good for business. Binance will be forced to get better of left behind. What's more, price of BNB maybe drop significantly if Binance exchange has serious problems.
Updated 5 years ago
Rating has not been changed
Positive points:
- Binance burns the holding of their team monthly so the price will mostly increase according to the relation between the market cap and circulation number
- Binance token can be used to buy get a chance to buy the IEOs on this exchange
Pros
- - Binance coin has a very good reputation. It is one of the most successful exchange coins on the market. - Holding BNB on Binance exchange, users will enjoy significant trading fee discount - BNB value will always be controlled as the majority of supply are circulated on Binance - Demand for BNB is high as traders on Binance need the reduction of the trading fees - Binance team are strong with the leaders having excellent backgrounds
Cons
- - New exchange models have been emerging with more benefits for users - Exchanges are the main targets of hackers. BNB value may surge drastically if something unwanted happen
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Comments (1)
May 12, 2020
yes, this is a token that I really like, I have only 21, I bought it 7 months ago, maybe it would be good if I kept it longer? I think so, and I hope in the future it will be better in terms of price, I like this token
