Bitcoin Forum

Binance coin is reaching new highs.

BNB is attractive to investors because Binance, the exchange, promised in its whitepaper to buy back BNB using 20% of its profits and burn them.

What makes the BNB token commercially attractive is the fact that it's used to pay trading fees on the Binance platform and rewards traders with a 50% discount for using the coin. It also powers the Binance ecosystem, while being traded on other exchanges as well.

From: Binance is spiking: what's next? (https://www.finstead.com/bite/Binance-BNB-price-prediction-June-6-2018)

I believe it will reach 20 soon.

Binance did changed the standard of online crypto exchange and while it has maintained the number one spot for quite a time, we too should think about and be involved in alternative exchanges so that we wouldn't be completely depended on that. East Asian exchanges are doing quite impressive work there.

It's really interesting to see what is going on with BNB. I would have never thought that exchange native token would be mooning like that. But after all, Binance is at the moment top exchange, so I am not that surprised. I like Binance and their token seems to fit into their ecosystem quite nicely.

I believe binance are setting up operations in Malta

I agreed with OP. Ever since Binance come out with Binance coins that reward the users who trade in its exchange, it has changed the way how crypto exchanges work. I like how Kucoin share its trading fees with users who hold Kucoin share too.

Does binance present a bounty program? I would like to join and receive co binance.

This is indeed a brilliant idea by Binance to provide a win-win situation for both the exchange and traders. The exchange raised fund for development to build better features. The traders enjoy the discounted trading fees and quality trading experience.



No, Binance does not have any bounty. The only way is to buy Binance coin.

Those are the kind of reward that usually follow innovations and good marketing. Binance must have assembled very credible management team, because a number of their strategies have actually paid off and brought the exchange such exponential growth in profitability, eclipsing even that of Deutsche bank -the largest bank in Germany.

https://www.ccn.com/binance-surpassed-germanys-biggest-bank-deutsche-in-profitability/

 

Very good coin and exchange! Pleasant interface and lots of currency pairs Everything is comfortable and simple in use! I guess it's the main reason that things are going well and I think the same situation will be the next year!

This cryptocurrency is one of the smartes project in the crypto industry and the team behind the project is doing an amazing job

I wish I'd bought this coin because everything predicted its soon growth and it really happened. Nowadays I don't see the reason for purchasing it because it has the highest price and will grow just a bit then!

Mainly Binance Coin is new in the market based on their response is so good in the market which they target they already gain that target if they do like this the people of investors will invest more amount of money based on its facilities it has good future.

I think Binance coin is a very good coin and people are taking lot of interest in it.There is excellent team behind this project and they have very good market strategies like collaboration with Germany's bigger bank. Binance has very good ideas for investors.

In recent times they are doing well .i think they takes some initiatives which works. Right now they are in the top exchange. But it is not surprising for me.

Yep, they are completely dominating the crypto exchange scene, they even recently announced that they may/will soon offer the fiat option so I expect they will be even stronger in the future.

But BNB looks like a healthy investment for the most part.
That is because BNB has delivered many times the returns of earlier investors.

Trust,
Innovation and
Evolution
Are the TIE breakers in any competition. Binance has moved way beyond.  

Being true with their words makes them a good investment right now, the exchange performed well and the tokens are now being buy back so the earlier promise has been accomplish little by little, its really a good way of rewarding those early believers the more they kept their holdings the better value that they will take, for sure most of those early investor are rejoicing as they've got good and decent profits.

Binance is my first and most trusted exchange that is available today and BNB coin is a great addition on its popularity and strategy.. It’s overthrown the norms about trading coins made by other exchanges,, the developer and the marketing does the good job on promoting and making bnb a promising and one of successful coins in the market..

Anyone must consider to buy BNB its future is clear and bright..

I think the more people are interested in it, the more expensive it will become.Now Binance a success.

This coin will always gradually increase, remember with only one coin to be listed on the exchange site and then binance has already generated around 5 million dollars. Man, this exchange will be easily to do buy back and burn method. The binance buy back will be running smoothly and i expect more coin to be burned.

Precisely,, an exchange with an own coin have more advantageous in nature.. The chance for them having the right strategy is higher because they can adjust whatever best suits them.. It’s like having an try and error unlimited on their own sites and coins..

I’m positive with it that’s this combination will work successfully that more exchanges will follow their path..

Binance is an international, multi-language cryptocurrency exchange. The service raised 15 million dollars in a July 2017 Initial Coin Offering for its ERC20 BNB token. CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined Blockchain.info as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. The other founder, Yi He, had also worked at OKCoin as head of branding and marketing head of the virtual currency exchange OKCoin; she had also worked at Yixia Tech.

It should be like that because if not then nobody will interest to use the token. The benefit should come from the exchanger to holder such as trading fee. So with this people will interest to hold the token to get benefit as token holder. So its more and more popular since many other exchanger duplicate this idea.