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Savik
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August 21, 2017, 05:47:50 PM
Last edit: August 21, 2017, 05:58:51 PM by Savik |
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Can you guys give me a quick run down of what this BNB coin actually is used for? Is it for paying trading fees on their exchange? Seems like it could be a great idea, assuming total exchange volume continues to increase and people trade more. Edit: Nevermind, just found this very helpful post. Thanks badpeanut White Paper: https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdfWallet: Its a ERC20 token etherscan.io: Token Address: 0xB8c77482e45F1F44dE1745F52C74426C631bDD52 Decimal Points: 18 Symbol: BNB Repurchasing planEvery quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
Decentralized ExchangeIn the future, Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent. |
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Madchild
Newbie
 Offline
Activity: 2
Merit: 0
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August 21, 2017, 08:52:21 PM |
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I just bought 77 BNB hopefully it rises well.  |
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aresary
Member
Offline
Activity: 88
Merit: 10
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August 21, 2017, 09:05:00 PM |
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Expecting 5$ within the next 6 days. Great performance and more big news to come!
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silverston
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August 21, 2017, 10:38:42 PM |
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Expecting 5$ within the next 6 days. Great performance and more big news to come!
Too optimistic forecast, I think a small increase is still real, go x2 looks too cool. But I hope on this |
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Savik
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August 21, 2017, 11:48:57 PM |
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I'm onboard the train. It is a great concept that I haven't seen done before, but makes sense for everyone involved (consumers and the business). They are a Chinese company, and if this gains any traction at all in China (Spoiler Alert: it will) then it will see rapid growth. The exchange itself seems to be well run and managed. Website interface works well, no problems moving funds in/out. Good leadership. Also they will be sharing the stage with some serious heavy hitters on Sept 10. http://www.bitkan.com/event?from=coindesk |
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CrowdFunder
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August 22, 2017, 12:06:43 AM |
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its crazy how all chinese tokens always do crazy moves, i have been in this from 40000 satoshi looks like it wa good move
i see they are now using binance token for ico too ! crazy stuff gonna happen, it will do like neo in long run it has to
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silverston
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August 22, 2017, 10:19:28 AM |
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But who knows how often it is planned to hold ico like a throne on a financial account? And it is desirable that they continued more than a minute))
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elektibi75
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August 22, 2017, 12:09:39 PM |
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At todays sale when everything is down I am going to put my money in BNB. Great potential returens right here!
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Pete550
Newbie
Offline
Activity: 51
Merit: 0
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August 23, 2017, 11:35:44 AM |
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Repurchasing plan
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until
we buy 50% of all the BNB (100MM) back. All buy-back transactions will be
announced on the blockchain. We eventually will destroy 100MM BNB, leaving
100MM BNB remaining.
amazing... rapid growing in price each quarter.. |
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Savik
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August 23, 2017, 11:57:30 AM |
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At todays sale when everything is down I am going to put my money in BNB. Great potential returens right here!
Good move, we're up 15% in one day already. I'm excited for Sept 10 to see what they say at the conference. |
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KingCanute
Newbie
Offline
Activity: 48
Merit: 0
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August 23, 2017, 12:16:57 PM |
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That Tron ICO was a complete joke. Literally refreshed my page and had put through a purchase order within 5 seconds (according to the clock on my comp) and still was too late to participate.
I'm beginning to think BNB/Binance runs for the whales. Not necessarily a problem but you need to be aware of it.
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TobyTheCat
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August 23, 2017, 01:04:13 PM |
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Doubled my money so far... I know a lot of people are holding, not sure. Might sell half of it and put it into something else...
I do wonder about a big dump in the next 24 hours with the fees being added etc. That being said, they seem to have a long term game plan.
RE: the Tron ICO, I'm not surprised no one was able to buy after a a minute. You had every frequent user on that site itching to buy it, even if just for the novelty factor. I know some people who were able to buy though, so not only for the whales.
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KingCanute
Newbie
Offline
Activity: 48
Merit: 0
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August 23, 2017, 01:17:46 PM |
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Doubled my money so far... I know a lot of people are holding, not sure. Might sell half of it and put it into something else...
I do wonder about a big dump in the next 24 hours with the fees being added etc. That being said, they seem to have a long term game plan.
RE: the Tron ICO, I'm not surprised no one was able to buy after a a minute. You had every frequent user on that site itching to buy it, even if just for the novelty factor. I know some people who were able to buy though, so not only for the whales.
I don't know. I mean I tried to purchase within the first 5 seconds of the ICO and it was sold out. Surely that's not how their first ICO should go. I mean maybe a cap of 1m coins per purchase or something. There is another ICO coming tomorrow for 1.9bn coins. Expect that to sell out within 30 seconds then? Regarding BNB, yep I've tripled on it so far, kicking myself I didn't have the funds to buy in when I first noticed it as I'd be up about 1500% by now! |
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Thiet
Newbie
Offline
Activity: 37
Merit: 0
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August 23, 2017, 01:42:55 PM |
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Currently $ 2.66. Add 3-4 more days, then discount also okay  |
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TobyTheCat
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August 23, 2017, 02:22:14 PM |
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Doubled my money so far... I know a lot of people are holding, not sure. Might sell half of it and put it into something else...
I do wonder about a big dump in the next 24 hours with the fees being added etc. That being said, they seem to have a long term game plan.
RE: the Tron ICO, I'm not surprised no one was able to buy after a a minute. You had every frequent user on that site itching to buy it, even if just for the novelty factor. I know some people who were able to buy though, so not only for the whales.
I don't know. I mean I tried to purchase within the first 5 seconds of the ICO and it was sold out. Surely that's not how their first ICO should go. I mean maybe a cap of 1m coins per purchase or something. There is another ICO coming tomorrow for 1.9bn coins. Expect that to sell out within 30 seconds then? Regarding BNB, yep I've tripled on it so far, kicking myself I didn't have the funds to buy in when I first noticed it as I'd be up about 1500% by now! I agree it was crappy. Quite sure the same thing will happen with the next one... Also, am I the only one that finds the site slow to load and sometimes buggy? |
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yillusion
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August 23, 2017, 02:30:27 PM |
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the price rocket to the moon recently, i used the exchange for several times, the interface is pretty simple, and the withdraw is fast at low rate, may the price still go high in the future
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yua_na
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August 23, 2017, 02:43:08 PM |
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What makes binance the future of exchange ? I registered yhere we still need to depoait our coin there before we can trade. And what is definition of future exchanges ? We already have DEX which totally decentralized and now you can use DEX on your mobile waves wallet.
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Xoce6patxopxe
Full Member
Offline
Activity: 350
Merit: 133
SIMPLE SHOPPING AND SAFE PAY
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August 23, 2017, 02:47:44 PM |
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At the moment, centralized exchanges are more popular than decentralized exchanges, there can be more trust.
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Sikka157
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August 23, 2017, 02:51:35 PM |
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What is BNB useful for? i know you get 50% off transaction fees for 1st year, 25% for second year
But
is it also like owning a share in the company??
If it is just transaction fee discount then i dont see how it is useful after 5 years when there is no discount in the transaction fee
If it is like owning a share, I would like to invest a small amount in it. Small amount because I dont have more money.
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