Voluntarily paying for a quality service in a free market is the opposite of extortion.
Furthermore, Binance is the cheapest altcoin exchange if you consider all the costs:
trading fees, withdrawal fees, cost of slippage
If you can't beat them, join them and buy some BNB. Might as well align your incentives with the winning team, so you can be happy when you see them continue to win.
0.05% trading fee with BNB discount
0.005 ETH to 0.010 ETH withdrawal fees for ETH or ERC20 tokens
Lots of market depth so you don't lose money to slippage
I'll wait for you to name another exchange that's cheaper than Binance on all 3 of these costs.....
They're using 20% of their profit to buyback & burn BNB until 100m BNB are removed from the circulating supply.
In Q4 2017, they made $200m profit and used $40m to buy & burn 2m BNB. An average of 22k BNB bought every day (by traders using it to pay fees), then burned at the end of the quarter. This daily buy pressure has helped BNB rise from #31 to #24 on coinmarketcap during a bear market.
Binance chain !! Should I invest in bnb?
You should, just the matter of time until the team will try to release the next feature in the binance exchange site. I heard about the future of binance decentralized exchange site to be created. I have some binance coin but i really like about the binance's business plan comparing with other. The fact that if the team will try to burn and burn more binance token that means there will be no a lot of supply in the market and binance will worth a lot soon.