Tduty (OP)
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January 25, 2020, 07:40:53 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
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tk808
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January 25, 2020, 07:46:33 PM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
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Coinraptor
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January 25, 2020, 07:55:45 PM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
I agree with you. Binance played a good game last year. They were on too high to claim them a better platform to store coin than a hardware wallet and then they faced the reality and lost 7000 BTC, lol! Binance DEX was an indicator to increase BNB price and rank in Coinmarketcap! Nowadays, it seems Binance is losing their top position which is needed I think!
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qazgroup
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RiveMont
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January 25, 2020, 08:57:37 PM |
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I always have liked Binance as an exchange platform and even today i like trading at binance but i think they are trying to cover each and every area related to crypto which can be a bit tricky as you can loose focus when you are riding two boats at the same time. Already binance has covered most of the crypto venues and looks like staking and masternodes could be left and if they reach that goal i think they will next move towards a truly global crypto bank and if they want to keep expanding i think that should be their ultimate goal.
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nicster551
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January 25, 2020, 09:01:40 PM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
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CryptoVzla
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January 25, 2020, 09:29:30 PM |
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that because most of small project or community project cant really afford for the fee, which means they cant really pay for the binance chain intergration fee or dex listing fee without doing any ico or ieo, but if they lower the fee .. i think binance foudation could get more token or project to their chain & dex...
i really hope that binance will decrease their token intergration fee to their platforms
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key4co.in
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January 25, 2020, 09:44:55 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I really like this observation. I remember vividly when I buy in projects which have plans to move to binance chain or immediately after moving to Binance chain because of pump, then I don't joke with that FA. Right now it's crystal clear that the hype has died down drastically. This is how we follow trends in crypto, they come and go so always make the most of any.
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pakhitheboss
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January 26, 2020, 01:51:57 AM |
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I remember every youtuber promoting Binance DEX and Binance Launchpad at that time. Things have gone pretty bad now when investors and traders understood the real economics behind Binance chain. You cannot run a centralized network for a long time with high listing fee.
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bgaf
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January 26, 2020, 02:43:49 AM |
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I know that Binance dex will only create hype during that time. See the potnetial of eth network are proven much useful than newly created one. See what happened on those project migrate to Binance Dex aside from listing? No other use cases they only make huge volume for the benefit of bnb tokens. But how about their own? No right. They contradict some of their own goals just to be listed on Binance CEX and the gateway for that is to migrate on Binance Chain.
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ecnalubma
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January 26, 2020, 03:03:01 AM |
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Its been hyped but I believe it has real potential and still a threat to Ethereum Dex’s. Binance probably know what they’re doing and where they’re heading, maybe the season is not a perfect timing to launched their own dex but once they work it out I believe they can get a positive response.
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CjMapope
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January 26, 2020, 03:21:56 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Ya it puttered out it seems like. I am happy it did tho, it was ridiculous really : / So many noobs coming by everyday asking how shittokens were losing so much value on there, they just simply believed binance=profit Binance was just laughing, listing any project that paid the fee. They are a biziness, and in China, its kinda to be expected sadly : /
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Aabcde
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January 26, 2020, 03:32:21 AM |
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With the release of the Binance chain and DEX, I think this is only to strengthen their current position as the best exchange and the best coin at that time. Hype must occur because it coincides with the state of those who are being looked at a lot of people. But after the Chain and DEX are running, there must be someone who says this is the same as ETH with lots of shittoken. Surely there will be a network that can beat ETH, but I don't know when. Because ETH is on the edge of choice. It can be good or bad. And there must be a dev waiting for this moment to introduce their network after eth 2.0 shows the results.
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khiholangkang
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January 26, 2020, 08:53:27 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Things like that are common in the crypto world, when something new comes up it will cause high hype, and it doesn't last long. Do you know IEO? The first exchange that took place was Binance, and after that very high hype made other exchanges follow it But what is happening now, the hype has begun to disappear Let's wait for something new that will produce high hype, and we must be able to take advantage of the situation
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Images21
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January 26, 2020, 09:13:12 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
That is what happens when everything is pure hype. Binance chain will never be able to beat Ethereum network. Binance DEX has a future though because we have a very limited number of DEXes right now. People want DEX over centralized exchanges but it seems the unattractive volume of DEXes is the main reason why it cannot move forward.
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Kunnu
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January 26, 2020, 09:42:06 AM |
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Absolutely agree with your point the hype of binance chain is no more effective because I think its structure is quite complex and irritating that's why people don't get attracted on it and I think creating binance chain was just an attempt to make bnb popular and we can see their attempt was successful.
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DaMut
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January 26, 2020, 11:32:34 AM |
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People loose faith in DEX
no, people are expecting something great this year in dex. people just lost their hope for listing their project through binance dex to binance cex, that was why the volume plummeted and not many people use it(not to mention binance dex is not a real dex though).
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hongchao123
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January 26, 2020, 11:48:39 AM |
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DEX hype is gone at all, unfortunatly. Sad to know this but centralization is winning
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oktana
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January 26, 2020, 11:59:46 AM |
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promotions always look good, and after that there is no difference with the other chains.
Starting with ITO last year, then trading competitions using dex, and finally the migration of bep2 coins from every competing developer to enter the main binance exchange. From here it has started to be biased because the volume of movements is already unhealthy just to ensure the existing requirements, from here the hype starts to fade and traders ultimately prefer to use the main exchange only.
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Kyraishi
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January 26, 2020, 12:07:09 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I don't think that it's fair for the success of a project to be solely judged from its hype. Binance chain, despite its shortcomings in terms of not being as popular as other blockchains especially when it comes to large cap coins with established user bases like ETH, TRON, etc. that already host hundreds of tokens on there, still contributed very positively in terms of the development of a reliable, usable DEX. A lack of short term enthusiasm in the market is even understandable from the perspective of a bear market, so there are really absolutely no surprises there either.
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knuckey
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January 26, 2020, 12:27:29 PM |
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The ethereum network remains a favorite of developers, as seen from the many alts of the ethereum network which are in the top 100 coins and only a few shitcoins have moved to the binance chain. I think the launch of some of its products such as binance launcpad, binance chain and binance DEX is a support to make binance CEX still a popular and favorite place for many traders. Because competition between exchanges is very tight and it must be for binance to win the market, again for their money and profits.
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Dickiy
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January 26, 2020, 12:28:32 PM |
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for the present year no one has overtaken ethereum in that regard but the binance I noticed was very enthusiastic in the chain unfortunately many projects are now destroyed, I don't think it's from the DEX binance but the projects that were not good this year and before
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btcdie
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January 26, 2020, 12:43:39 PM |
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Something new is sure to be easier to make major changes and if it is not preserved or left just like that, then it is appropriate to be defeated by newer ones. DEX is currently a lonely exchange, it does not mean that it is useless, crypto-world needs everything to be decentralized, but now people are more comfortable with centralized exchange with a good reputation. we wait for what's new next.
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Thomas-s
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January 26, 2020, 01:18:40 PM |
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after any excitement, a time of silence begins and there is nothing surprising in this. this is the same volatility as on the charts. time will pass and we will begin to talk a lot about Binance dex again and many projects will create their tokens based on this blockchain. this can happen in the middle of this year, or maybe only at the beginning of 2021
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Captain Corporate
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January 26, 2020, 01:25:13 PM |
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Of course there is less interest towards both binance's dex part of the website and also the binance chain which indirectly was the result of it. People made too much noise out of it, it wasn't really suppose to be something THAT big anyway, its just a platform where you can build your own coin and than get it published if you are lucky enough, that doesn't guarantee anything to you or to your investors, it was the people that saw something so major with it when there was nothing going on. In the end people realized that, just because you were on binance chain and listed on binance dex it doesn't mean that coin worth anything, being listed anywhere doesn't really mean anything at all, we have plenty of coins that are listed and still worth so little and get so little attention that they get delisted eventually.
It is cool to have because its another option you know? I mean its better to be there than not existed at all, however we should see it just as it is, nothing major but a good to have, if we can achieve that I am sure there will be plenty of decent projects that come out of it over course of years, plenty of bad ones as well but thats about all coin offerings in the world as it is.
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chennappa121
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January 26, 2020, 01:28:00 PM |
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Yes you right the binance chain has created lots of buzz around the crypto market before going to launch last year. but after launching binance chain did not reach what they excepted. but it is still going on well and i hope the binance chain will be going to perform well because still there are more projects are going to launch under Binance chain.
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Divinespark
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January 26, 2020, 01:31:15 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Everything has failed, which is why BNB's price is as low as it is now. All the hype has ended for Binance exchange, and I believe that by 2020 the price of BNB is unlikely to rise. As you can see at the moment, they have just announced that they will have IEO in February, but this information does not help the price of BNB increase, even the price has dropped a lot compared to a few days ago.
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target
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January 26, 2020, 01:38:49 PM |
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The hype os gone but the DEX still is there. There is not much volume to the projects that got listed, I use to send my tokens there but it just divided the supply of the tokens of ERC and then there are BEP. Many of the teams were lured to pay the exchange with BNB tokens just to get listed but it ended useless still. Anyway its still there, maybe CZ can find a way for it to be a busy exchange.
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thesmallgod
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January 26, 2020, 01:52:41 PM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
I agree with you. Binance played a good game last year. They were on too high to claim them a better platform to store coin than a hardware wallet and then they faced the reality and lost 7000 BTC, lol! Binance DEX was an indicator to increase BNB price and rank in Coinmarketcap! Nowadays, it seems Binance is losing their top position which is needed I think! But if they are losing their position I am just curious to know the exchange platform that will come close to binance. The reason why people are hyping Binance DEX last year is to see if they can get their token listed. I still remember there is always voting on the Binance twitter page for the highest voted coin to be listed on the DEX. This generates a lot of noise and rumor which seems to be dying down now because I do not think Binance is still adding any token to their DEX platform. I strongly believe Binance is one exchange that still protects the integrity of the crypto project that has achieved a lot of success and those that are willing to take the bold step. If all the exchange platform can be strict like Binance, we will only have a little issue about scam projects as it is no more news that having required money to get listed on Binance does not mean your project will be listed.
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puremage111
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January 26, 2020, 01:58:25 PM |
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The DEX itself is just...not so convincing The current rise of DEFI project like Fulcrum, Uniswap are much better than binance dex itself
The binance dex itself is just something Binance do to prevent losing customer because too many Centralized exchange got hacked
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hirngespenst
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January 27, 2020, 08:10:20 AM |
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Binance DEX was an insult to other real DEX exchanges! Binance created it to promote their stable BNB coin and the platform, otherwise, it did not impact anything good in the crypto industry. I saw there too that many people started talking that Binance coin will take place of Ethereum! Last year Binance had good hype for various reason but that doesn't mean you can compete with the giants! Binance DEX has a lack of investors, their future trading is not getting much attention! I believe very soon this Binance DEX will die miserably!
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mdzahed134
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January 27, 2020, 10:02:20 AM |
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Etherdelta and others dex is more effective for many users than Binance chain. BNB dex is king of rules so that a lot of people avoid it. Very low volume exchange no way to volume increase because there listed few coins. I lost coins for forgotten to set BEP in Binance Dex. It's will be big from ethereum platform who's are good crypto enthusiasts lol. BNB dex aren’t capable to reach enough liquidity.
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bitcampaign
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January 27, 2020, 10:24:49 AM |
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binance dex unlike with other decentralized markets owned by ethereum networks such as forkdelta, in fact we know binance dex has transactions and costs that are very small compared to Ethereum, it's just that to register on binance dex must have several BNB or pay for it, unlike decentralization from the network Ethereum and it's free to add the ETH token into the decentralized market, but the decentralized market from ethereum also has a little trading volume as well as binance dex, so it's all because the crypto market hasn't really grown
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Lagduf
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January 27, 2020, 10:58:45 AM |
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Yes you right the binance chain has created lots of buzz around the crypto market before going to launch last year. but after launching binance chain did not reach what they excepted. but it is still going on well and i hope the binance chain will be going to perform well because still there are more projects are going to launch under Binance chain.
It's dead right now as to be listed on the binance dex needs a lot of requirements. Remember it's not worth with the effort to create an application to be listed on binance dex compared with how much volume that will get by such coin and that's it now worth it with the effort. That's why the hype of binance dex and chain have already gone. People are putting more their attention to the development of the product.
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mrdeposit
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January 27, 2020, 11:13:50 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
When binance chain was first created thoughts were great about it, but the listed coins were not pumped like binance. Because while binance did the listing once a month, binance dex started with almost 10 coins a week. In this case, investment was split between them and the increases did not be like binance. In short, binance dex sold itself cheaply.
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Mihaylovic
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January 27, 2020, 11:39:19 AM |
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I don't think so. Look at launchpad of binance platform. People are racing to be able to participate to ieos. I do not agree that hype of Binance is ended. It will even go higher when market starts to recover.
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ballerin and giroud
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January 27, 2020, 11:50:06 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
This is not about ethereum or anything else but this is because the investor itself. They just need profit instant they don't need the potential of the coin itself. If I noticed the coin that have launched by binance exchange or another platform have a good potential their project can be made by many user in the future. But this is the fact, cryptocurrency just for investment only or even just for profit instant. Then I think if there is new way such as binance platform now the situation will same eventually. The platform just popular in the short term and never be choosen again and the developer will find another ways.
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Btc_1856
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January 27, 2020, 12:11:03 PM |
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I don't think so. Look at launchpad of binance platform. People are racing to be able to participate to ieos. I do not agree that hype of Binance is ended. It will even go higher when market starts to recover.
Even I never experienced such words from the people because many people have a very positive opinion about the Binance, people are racing towards their launched whenever there is IEO listing in Binance, so the demand for Binance is still in high expectation and it will continue to dominate the market.
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FairUser
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January 27, 2020, 12:19:44 PM |
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I don't think so. Look at launchpad of binance platform. People are racing to be able to participate to ieos. I do not agree that hype of Binance is ended. It will even go higher when market starts to recover.
Binance's hype is not over yet, and certainly this year Binance will create more surprises. But OP is referring to Binance Chain and Binance Dex, which is Binance's failure this year. There are not too many users of Binance Dex and it seems that this exchange has no volume, even etherdelta has more users than Binance Dex. And the projects created from Binance Chain are not much different from projects created from ETH chain, ending up being scam and stealing money from investors.
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Bonwin
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January 27, 2020, 12:26:00 PM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favour with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
You have spoken the truth, tk808. I am not surprised that such is now found to be happening. It was a strategy and they achieved something from it, however, I do not know if it met their main target, because I feel they wanted to pump BNB as high as $100. Some projects listed on the DEXes now have the ERC20 version of whatever coin they have on Binance DEX. I think they did this in order to safeguard against any unforeseen circumstance. Peradventure, they are not able to reach their main target.
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Ethereums
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January 27, 2020, 12:34:16 PM |
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Absolutely, they target are $100 but they cannot achieve that, so that's why the very move now is to burn their coin through the cycle of coin development. Binance and BNB creator has been calculated this through, which they prepared it along with their promotion which keeps investor feel safe about price. For the price movement, they still following BTC actually, so far many people I knew buy and hold this coin for sure, but which I feel strange is they said they stock it to buy bitcoin later.
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istiak2277
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January 27, 2020, 12:34:59 PM |
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ETthereum network is a monster compared to BinanceDEX. Yes last year BinanceDEX become very popular and many good projects migrate to them but right now BinanceDEX has low volume because of the price of BNB in my opinion. The BNB price was 38.92$ and now 17.46$. I think its mostly because of BNB price that reduces the hype of BinanceDEX.
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Paycoinzzz
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January 27, 2020, 12:35:32 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I suppose not. The important thing is that the familiarity and the Ethereum platform have done very well in the last 7 years. when thousands of coins have to rely on this platform to flourish. Besides, its wallet system is also very good and highly secure, no one wants to try a new service with similar functions. That is also the reason why the foundation of Waves and NEO has gradually died over time and its price has also dropped sharply in recent years. For me, the ethereum platform will be forever.
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ven7net
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January 27, 2020, 12:51:20 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
K is not strange, but this is not the first message in the direction of Ethereum. What can be said about this. Binance started as a trading crypto platform and gained good momentum, maybe they should continue to go this way, but they began to expand, developed their blockchain and their own coin, then the decentralized exchange Binance DEX appeared. All these are attempts to become better than others in everything. However, this does not mean that they will succeed. Ethereum was founded in a long time for Binance and was not created to be pushed from the leaders. I see that Ethereum will continue to hold positions and even Binance will not be able to prevent it.
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TheClownSong
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January 27, 2020, 12:58:14 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Binary DEX is still new and I think it takes time for the market to believe it. Ethereum is still too strong compared to other altcoins and this is proven by its large transaction value. In my opinion BNB is good and has the opportunity to penetrate the top 5 but it takes time for investors to believe
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LbtalkL
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January 27, 2020, 01:03:19 PM |
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I have noticed it also, In fact, I knew a project listed there it almost has no volume at all. It does not mean that if a project is listed on DEX it is good. As far as I know, if a project has no volume it will be delisted. I still prefer Binance CEX if you want a good volume. Binance offers new services now, Like Margins and Futures traders like it more than DEX it looks stagnant right now but not on all coins.
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masterrex
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January 27, 2020, 01:05:41 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
That's how crypto works and part of the crypto reality" hype and marketing combination" are important aspect of any cryptocurrency base platforms, I believe that the hype on Binance Chain migration is already faded, and for me as a long time Binance user it doesn't matter anymore as long as they continue to give the quality services that fits to my needs. people can give opinion easily maybe its positive or negative so lets respect that. or in other scenario maybe the team of the new projects are already realized that moving from one chain to another is a time and resources consuming matters so that's why they choose to stop migrating. While in the context of overtaking the Ethereum Network for now its impossible because no other platforms in the industry that can match Ethereum in terms of smart contracts dominance.
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salad daging
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January 27, 2020, 01:06:39 PM |
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Binance did a massive promotion before this year, of course they also thought about stopping and then monitoring the development of their new chains and dex, this also happened when the erc-20 hype first appeared. the binance chain is still very limited in their own market, it must be proven in the next few years if it still wants to be better than the ethereum chain.
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zulfi125
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January 27, 2020, 01:46:29 PM |
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The Etherium network is No.2 in the world and also growing well. Still, Binance Chain and Binance DEX are not performing well; that why little volume in Binance DEX and not attracted more investors, but if Binance will pay good rewards or any other giveaways like a centralized exchange than maybe investor can more trading in Binance Dex.
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BitcoinHunt3r
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January 27, 2020, 01:47:06 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
This is honest statement, but since first it launched until now i am not try it yet. Because i think it is too complex to swap erc tokend to be in binance chain. That is first reason, and second every i see a token listed in Binance DEX i think it is not means it is listed in Binance main market so not surprised with it.
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Xardasim
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January 27, 2020, 02:20:50 PM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Binance wanted to take advantage of the positive situation. It is like taking a stronger root by establishing its own DEX and chain, not only by exchange. However, every sector also has a number one such as how Binance number one as a exchange. Just as others cannot replace it, it cannot replace others too.
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johnwest
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January 27, 2020, 02:22:10 PM |
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I feel Binance played a nice game with all of the projects which jumped from other blockchains to Binance DEX. BNB got a nice pump from that and many community started using the DEX. Recently I saw Bet token from Earnbet.io shifting from BinanceChain to Wax Blockchain, I dont know the details of it but it looks like they had difference of opinion.
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Amel
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January 27, 2020, 03:01:52 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
It is impossible for BNB to defeat the ethereum network, I understand the launch of Binance DEX is a strategy to encourage BNB's own rise. But on the other hand Ethereum still has a far greater advantage than the BNB network, yeah even though ethereum for several years has been hit by scammers, but this network is not a business network like BNB on the Binance DEX .
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biddicoin
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January 27, 2020, 03:24:38 PM |
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after any excitement, a time of silence begins and there is nothing surprising in this. this is the same volatility as on the charts. time will pass and we will begin to talk a lot about Binance dex again and many projects will create their tokens based on this blockchain. this can happen in the middle of this year, or maybe only at the beginning of 2021
I agree that no coin can hype continuously as time goes by, it would changeable to others at least, Binance DEX is still here and improving as they can I don't think so. Look at launchpad of binance platform. People are racing to be able to participate to ieos. I do not agree that hype of Binance is ended. It will even go higher when market starts to recover.
actually, Binance launchpad and Binance chain or DEX are totally different. although they may affect in BNB price, but those are different.
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sazonk
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January 27, 2020, 03:32:32 PM |
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I don't think there is any that can replace the current ethereum network. Yes indeed you are right 2019 is the year of the binance chain, but I see there has been a lot of price manipulation collusion, then it is not strange that all are focused on binance especially with their IEO which is exploding. And now it feels a lot of people miss the days of ICO, especially ethereum based ICO. I hope that ethereum is able to make a breakthrough that can make binance a forgotten thing like the ICO now.
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Shallow Water
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valuater
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January 27, 2020, 03:44:32 PM |
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maybe this happens because people still can't move from ethereum and also the binance chain of many projects that have volumes that are easily inflated, because it's weird if the volume is less than 50 BNB but the price of the token can pump up to 300% but this accusation is not strong enough.
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TWW
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January 27, 2020, 03:57:58 PM |
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maybe this happens because people still can't move from ethereum and also the binance chain of many projects that have volumes that are easily inflated, because it's weird if the volume is less than 50 BNB but the price of the token can pump up to 300% but this accusation is not strong enough.
so far the binance chain is good enough. but indeed with the reduction of the IEO project in binance now it seems like there aren't many new projects that use the binance chain. but I think binance has its strategy to choose coins from the best projects that can be listed on their exchanges.
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sorrros
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January 27, 2020, 04:18:13 PM |
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Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.
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naikturun
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January 27, 2020, 04:55:37 PM |
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certainly not that easy, even the Dex binance is still difficult, and also the Forkdelta has been around for a long time, the Dex binance rose only when it was released and now it's quiet and the daily volume is small. although it is different from the main market, binance dex is also a place of interest for some coins, because it is backed up by binance.
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jacafbiz
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January 27, 2020, 06:48:22 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
I have said this and many people predicted it that this would haapen unless Binance cn incentivie market marker to help boost the trading volume, which is not an easy thing to do on DEX and oncerning the chain, it is a dump chaain so it is very limited and mind you, Binance was not competing with Ethereum chain, it only compete with the ICO model on it and has been successful in that regard. I think platform like Tezos have a huge chance of competing with Ethereum, Algorand and Podacot is another project to watch, if Ethereum mess up its coming Ethereum 2.0 migration the party may be over
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Flux0z
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January 27, 2020, 06:53:42 PM |
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No wonder the hype is gone, The Binance "DEX" is not even a real DEX It's completely centralized, and after the recent scandals, it's no wonder why a LOT of people dislike Binance. All they want is money and power, they don't list legit project based on tech fundamentals, they list only if you've got deep pockets, which is laughable. Want a REAL DEX? Try out https://blockdx.com/Blocknet was the first project to ever launch a DEX, and Binance tried to rip them off in the start of 2018, when they applied for the exchange. Source: https://www.youtube.com/watch?v=JSCAelH_iukBlocknet is working on decentralized oracles as well, which is why it doubled in price recently, a few partnerships and this project will do an easy 5x, maybe even 10x. We'll see...
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monineklutak
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January 27, 2020, 06:57:48 PM |
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Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.
Smart traders will not hold BNB for too long, if you hold it now the risk of a dump is still very large to see the price of Bitcoin always going up
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iamaruf
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January 27, 2020, 07:03:54 PM |
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maybe binance dex is not doing well.this is the main reason that BNB loosing their investors ? I saw they are developing their DEX.I don't think they will be step forward.they will give up,They will be famous as there exchanger binance.
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royalfestus
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January 27, 2020, 07:14:22 PM |
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The limitation of the BEP DEX is enormous and the adoption was from the hype of binance centralized exchange. Binance is undoubtedly one of the best as a centralized exchange but I think he wanted to venture to every working project in the space without proper analyses. At a point when projects start sharing their blockchain with binance without actually leaving the other I knew BEP was just a market distraction. Now they have not produce a better price than the counterpart coin from other blockchain, no use case as well, so its just hoax.
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flagpara
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January 27, 2020, 09:32:08 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
In believe rumors so many ERC-20 tokens swap to Binance blockchain. Suppose atomic wallet did it, this coin has enough value in exchange. But still I believe Binance Dex isn't hype like others. In few times any blockchain can't take place Ethereum blockchain. Even upcoming all project on Ethereum network.
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makishart
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January 27, 2020, 11:04:43 PM |
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maybe binance dex is not doing well.this is the main reason that BNB loosing their investors ? I saw they are developing their DEX.I don't think they will be step forward.they will give up,They will be famous as there exchanger binance.
Hype of binance IEO has gone and that was giving a huge impact to the BNB token but the binance dex is also not doing very well for the new token which has already listed there caused by it was giving a really small volume for the coin or token. I have an asset which has listed on binance dex and the daily trade volume is really small compared with binance CEX. that was the main reason why people are not putting binance dex as their main exchange site for listing again.
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bitgolden
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January 28, 2020, 06:26:58 AM |
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ICO's are not making a comeback anytime soon, STO's seemed to be a one time thing and people already forgot about them already, I do not think the hype of DEX will go down anytime soon. Maybe there will be less investments, maybe we won't talk about as many millions of dollars as when it first started but considering the world will always have coin offerings going on all the time I am pretty sure IEO will continue and Binance is one of the forefronts of that revolution.
Just because something is not as hot as it was when it first came out doesn't mean its not going to get any sort of attention neither, even if its lesser in the end I am pretty sure it will still be there, not maybe as a scolding hot thing but sizzling fire type of thing and still raise millions of dollars.
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TrevorS
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February 02, 2020, 06:28:27 PM |
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In the example above, you can perfectly track and understand how the crypto market works today. This is a good example that clearly demonstrates where in reality there are so many projects on the market that have by and large nothing but at the same time are in fairly high positions in the ratings.
Its Marketing. We live in a world in which supply creates demand, not vice versa as it should be. This not normal. Binance is just engaged in such a miracle marketing and, they convince us to buy what we basically do not need. And we buy it.
Subsequently, it is clear that hype does not last forever because the market itself is making its own adjustments. Unfortunately this is not the end, the bank has enough intellectual and financial capital to rock the market in one direction or another. So, we will still see various marketing techniques that again and again will convince us that we should buy what we do not need.
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Febo
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February 02, 2020, 09:42:12 PM |
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I remember last year, everyone was so hyped about the Binance DEX!
Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything.
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Twinkledoe
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February 02, 2020, 09:47:18 PM |
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I remember last year, everyone was so hyped about the Binance DEX!
Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything. Maybe most of them have internal agenda or they are investors of the tokens listed in Binance DEX. So they created noise to served their personal interest. But even if their hype is gone, their DEX can withstand the market as it is backed by the number 1 crypto exchange. So nothing to worry about closing or shutting down. Because BNB will back up those holders in case something goes wrong.
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mdzahed134
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February 02, 2020, 10:21:36 PM |
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Do you think that hype is gone? Look at price of BNB, it is trading around 18USD, the price is more stable than Bitcoin price. What does it mean? Investors expect a lot from Binance, so they are not selling the tokens cheap.
Here we talking about binance dex. Still now BNB price is stable from a several weeks but how much price touched in 2018. Right, we expect a lot but bnb will not able to reach with our expectation. Who guys bought BNB to join in IEO projects, but can't a lot of investors. 18$ is huge small price because i bought 26$ per coin. Investors not sell right now because most of them bought higher price from current price.
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btc_angela
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February 02, 2020, 10:54:45 PM |
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I remember last year, everyone was so hyped about the Binance DEX!
Come on. No one was hyped about Binance DEX. When it happened, everyone that looked at it realised that is far from being decentralised. Binance CEO explained that DEX is just a name and is not decentralised. Those that were hyping probably hype about just everything. I would say that there is a hype, but it doesn't last long because as you have said, its not that decentralised at all. People thought that this is the next big thing in DEX, unfortunately many are disappointed so obviously, people shun away and still goes to the old and traditional DEX around the corner.
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tabas
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February 02, 2020, 10:58:29 PM |
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I think it's not about overtaking or what. The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.
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aioc
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February 02, 2020, 11:05:57 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
They just stabilize this is what happens after the hype, it's like correction in the market, Binance is still one of the desired coins in the market, but they are really not that perfect, but they have given Ethereum a run for their money and it's good for the community because both projects will keep up with the development of their project.
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shinratensei_
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February 03, 2020, 02:03:52 AM |
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I think it's not about overtaking or what. The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.
They are not even looking for the dex and what they are looking for when they can be listed on the binance dex and they can use the name of binance to bring the hype to their projects. From what i have seen in the past if the majority of projects have applied to be listed on the binance dex because they know when they listed on binance dex and they bring the more chance to be listed on the binance CEX without needed a lot of money to pay the listing fees. There is no word that explain binance will overtaking or something else. Remember binance always create a regular CEX listing for tokens that already listed on its DEX platform. People make their BEP asset caused by it becomes a requirement to be listed on binance dex.
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miklesm
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February 03, 2020, 05:38:43 AM |
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Agreed, there is no more hype around Binance Chain and Binance DEX, people had realised that Ethereum blockchain is currently more convinient than Binance one. Anyway, I am sure it will be actively developed in the future.
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Balladtony77
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February 03, 2020, 05:53:14 AM |
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Binance will always be my favourite crypto exchange, you are right that the hype is gone but Bnb token is still doing fine, IEO projects still ends with good reward, it doesn't mean that binance lose it's magical wand, I trust the team and CEO, they are capable so something else will work out soon
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minairia3
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February 03, 2020, 06:13:43 AM |
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Unfortunate but this is the truth. Binance Dex and the recent migration of Binance on their own chain is indeed a good move for them but I dont know for those who move on their chain cause obviously there is no other advantage for them aside from the lower fee and lower transaction from using their platform. At least, the Binance exchange IEO wouldn't be gone for good as I believe they are the one who started this. Centralized exchange of Binance would always be on top as many still support them. But their dex losing volume. I think those who joined their chain has only wanted to be listed on their cex if they got their project on their dex.
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leea-1334
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February 03, 2020, 08:13:29 AM |
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In the example above, you can perfectly track and understand how the crypto market works today. This is a good example that clearly demonstrates where in reality there are so many projects on the market that have by and large nothing but at the same time are in fairly high positions in the ratings.
Its Marketing. We live in a world in which supply creates demand, not vice versa as it should be. This not normal. Binance is just engaged in such a miracle marketing and, they convince us to buy what we basically do not need. And we buy it.
Subsequently, it is clear that hype does not last forever because the market itself is making its own adjustments. Unfortunately this is not the end, the bank has enough intellectual and financial capital to rock the market in one direction or another. So, we will still see various marketing techniques that again and again will convince us that we should buy what we do not need.
Thank you for pointing this out. I hope more people see it and understand it,,, that everything almost in the world is about good marketing. Binance has no product except for an exchange that makes it no different from 100s of other exchanges and yet their BNB coin is doing so well,,, that is everything about their marketing that makes it seem like they are the best when they are so not!
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chip1994
Sr. Member
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HEX: Longer pays better
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February 03, 2020, 08:23:29 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over.
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Denongels
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February 03, 2020, 09:00:40 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. I agree about this because more ieo from binance, the performance actually gets worse, in the past when the hype ieo from binance can be very fast to gain som roi, but now it's the opposite and since there are new rules in my opinion it actually makes it worse.
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TheGreatPython
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February 03, 2020, 08:28:50 PM |
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It is unfair to put the fact that ICO world or basically coin offering world is getting lower and lower and put that blame on Binance itself. Sure people are funding less and less nowadays and sure at the first tries there was more interest because it was something new and people wanted to get in and see how it is, everyone imagined there would be more money involved and they didn't wanted to be left alone from it and miss out so they got into it but that doesn't change the fact that there is less money in general on coin offering world so of course Binance is getting less as well.
In order to save this and make all coin offering world go higher again, we need another hype for them, like maybe a whole increase in marketcap of every single coin so people would look elsewhere.
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TemTum
Jr. Member
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February 03, 2020, 09:47:59 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
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Iyeman
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February 03, 2020, 10:58:00 PM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. I agree about this because more ieo from binance, the performance actually gets worse, in the past when the hype ieo from binance can be very fast to gain som roi, but now it's the opposite and since there are new rules in my opinion it actually makes it worse. People are feeling bored with the manipulation that happened on the binance exchange site and this has already happened since it was created and remember if the late people who joined to the ieo market always become a party who will be lost instantly. This makes binance ieo loss its popularity.
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chaseprint
Newbie
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Activity: 5
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February 03, 2020, 11:25:58 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
I agree can't wait to see TemTum go to the moon!!
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Vishnu.Reang
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February 04, 2020, 03:09:45 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. What happened to the ICOs is repeating itself with the IEOs. In the initial months, the ICO market was abound with good projects (such as Ethereum in 2014, Stratis in 2016 and Augur in 2015). Those who invested in these ICOs received up to 100x returns. But their success attracted a lot of scammers in to the market and this tarnished the reputation of the market. The proportion of good projects went down and an increasing number of investors ended up with huge losses.
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tabas
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February 04, 2020, 06:05:17 PM |
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I think it's not about overtaking or what. The majority is just looking for DEX that's very convenient for all to trade. And in general, volume in DEXes aren't really great.
They are not even looking for the dex and what they are looking for when they can be listed on the binance dex and they can use the name of binance to bring the hype to their projects. From what i have seen in the past if the majority of projects have applied to be listed on the binance dex because they know when they listed on binance dex and they bring the more chance to be listed on the binance CEX without needed a lot of money to pay the listing fees. There is no word that explain binance will overtaking or something else. Remember binance always create a regular CEX listing for tokens that already listed on its DEX platform. People make their BEP asset caused by it becomes a requirement to be listed on binance dex. A project should be attached to a known exchange so that they will also share the liquidity of that exchange and curious traders will also play their coin. It's part of the marketing that they'll use a pretty known exchange to bring volume to their coin because if they will just list somewhere but also a DEX, the same fate will be experienced by them. And that is what they are avoiding to do right now, as long as it is Binance, DEX or the CEX, it's fine.
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muffinitem
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February 04, 2020, 09:55:21 PM |
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ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
Great to see the TEM/BTC pairing has more volume than the Ripple (XRP), Hashgraph (HBAR), Tron (TRX), ZCASH (ZEC) BTC pairings - and its only been listed just over a week !
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Botnake
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February 04, 2020, 10:52:03 PM |
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Every hype would not stay because we called it hype, it's just temporary that should trigger investors but Binance DEX has failed, so as the Binance chain, however, we cannot conclude that it will not rise again because the bull run is not here yet, and when people starts investing in crowdsale projects, these decentralized exchanges included Binance DEX might increase its volume again. in general, DEX have already failed but its Binance DEX who got the best volume in the competition. currently with over $800 million trading volume - https://coinmarketcap.com/exchanges/binance-dex/
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pixie85
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February 04, 2020, 11:51:35 PM |
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Last time I checked those exchange tokens were still catching fairly high prices, pumping even. ICO and IEO market is kind of dead
We are seeing project raise funds in traditional ways now and i think this will ensure more quality projects and less scams appearing in the industry
For example look at TemTum - raised 10M USD, built their mainnet and apps before launching, now trading on two exchanges, good volume and an MOU with a nation state to run a digital currency for that country - i dont think this would have been achieved from a traditional ICO project as they dont answer to investors in the same way and see it as free money
I agree can't wait to see TemTum go to the moon!! You shill accounts couldn't be more obvious.
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Chuky92
Copper Member
Jr. Member
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Activity: 966
Merit: 5
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February 24, 2020, 08:58:10 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
The truth is no other chain or blockchain can overtake Ethereum network and we all know it. Many projects which migrated to Binance chain had good volumes on listing but what about now? You have confirmed it, they now have shit volume and what will happen to it onward? Investors will look toward those with good volume because everyone knows that good trading volume plays a vital role in every project. When this hype of migrating to Binance chain was high, some people said, that those projects doing so are only after profit, well one couldn't agree less because now it looks like they said the truth; huge volume on listing and low volume till now with no hope of turning it around. Ethereum blockchain is solid, what it stands for speaks for it.
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Botnake
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February 24, 2020, 11:40:26 PM |
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Unfortunate but this is the truth. Binance Dex and the recent migration of Binance on their own chain is indeed a good move for them but I dont know for those who move on their chain cause obviously there is no other advantage for them aside from the lower fee and lower transaction from using their platform. At least, the Binance exchange IEO wouldn't be gone for good as I believe they are the one who started this. Centralized exchange of Binance would always be on top as many still support them. But their dex losing volume. I think those who joined their chain has only wanted to be listed on their cex if they got their project on their dex.
My feeling is almost same as you, those migrated projects wanted to get listed on Binance CEX that's why many projects migrated into Binance chain. I am glad that Harmony finally migrating from Binance chain to their own chain! Because Binance chain couldn't make a good impact, it's just another chain with less fee, nothing else. Every project has their own technique to attract adoption and Binance did a great job for that although we haven't seen the good results yet. Having a Binance chain and Binance DEX is a good development of the project, when this will be successful in the future, Binance will become stronger and it will always become a great improvement, what if the hype is gone now? does it mean there's no chance in the future?
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oscarftw
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February 24, 2020, 11:59:22 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Ethereum network isn't become a giant blockchain in few years. This is possible to overtake from Ethereum blockchain. Binance Dex will be popular in huge time. Still now we can say that Binance chain or Dex hype is gone until next bullrun. I think first token was "Atomic wallet" but this coin still in positive with good volume.
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jerrison
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February 25, 2020, 12:34:09 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
The binance chain was really overhyped in my opinion. I can remember it was said to have one of the best features loads of blockchains are finding difficult to resolve or tackle. Just few years down the line, the other blockchains that were existing are still making their mark and the reality of the chains have done on business and seems to have taken a new turn. I don’t think CZ will have considered the Blockchain he Designed if he knew what he now knows.
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antsam
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February 25, 2020, 01:24:02 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
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lobo13hf
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February 25, 2020, 01:44:53 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
It caused by binance dex is too far from the expectation has already made by so many people. I will not talk about binance cex as it's the biggest exchange site with real volume. Binance was putting very strict restriction to the applicants that wanna create an asset in the binance chain. That makes so many people are not interested anymore with it. it's truly centralized platform.
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BubbleButtBabe
Newbie
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February 25, 2020, 03:04:03 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo
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Btc_1856
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February 25, 2020, 04:14:04 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo I never agree with your words, Binance exchange is still one of the best exchange for listing the coins, even other potential exchanges are listing their shit coin which they are pumping and dumping. As of now, Binance chain will get a higher reputation compared to other coins, it will take some time to get a reputation.
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moonblocks
Full Member
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Activity: 714
Merit: 100
3... 2... 1... Launch!
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February 25, 2020, 04:15:57 AM |
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This is what can occur once the hype wears off and once again I'll provide a few reasons for the Ethereum network being a better investment it simply has the biggest development team of any smart contract platform in the world and the largest user base
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mdzahed134
Sr. Member
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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February 25, 2020, 07:26:14 AM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Binance laucnhpad these days is no longer profitable for investors as before. Currently, Binance still holds the rule of holding their BNB for over 1 month to join Binance Launchpad. so there are still a lot of people holding BNB from $ 25 and $ 30 now. Up to now, investors are still in loss and recent projects are only x2 or x1.75. The holding coin to join Binance's IEO is a loss. I think the trend right now is to buy and hold as many coins as possible. The IEO trend has long been extinguished and the hype of Binance seems to be over. Worst regulation. I can't appreciate Binance IEO rules and i think investors will affected and possibility to suffer loss if we have to according to IEO rules minimum one months hold BNB coin before IEO participate. Binance previous IEO's wasn’t applicable this rules i mean it will be require in the next IEO launchpad Wazrix?
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coinfinger
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February 25, 2020, 08:09:28 AM |
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I guess they will keep getting moderate adopters always as BNB is having at least two use cases. One is discounted fee structure for BNB in binance trading portals and another one is providing smart contract platform for token economy. Also, binance launchpad is going good in identifying new concepts and innovative people which will indirectly help growing their smart contract needs over the time.
Ethereum is having only one use case compared to BNB still it is getting regular investors as we have seen within less than a month it was pumped from 0.017 BTC to 0.027 BTC. By comparing with ethereum, I believe BNB will make a huge leap at any time even BNB is just a copy-cat of ethereum.
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Winscosinally
Member
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Activity: 490
Merit: 16
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February 25, 2020, 08:33:19 AM |
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Binance Hype ain't dying anytime soon because it's a top exchange and many investors are aware of how good and profitable exchange tokens can be, Binance team are capable and they will always keep the hype alive
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trauchot
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Activity: 1764
Merit: 10
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February 25, 2020, 08:35:47 AM |
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Well, I don’t know, bnb is very high in the cryptocurrency rating and a lot of big nvestors are constantly investing in bnb, as well as binance dex is constantly evolving, so maybe in the future bnb and binance dex will be very popular and will be in demand.
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rdewilde
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February 25, 2020, 11:31:55 AM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
That's what happens when hype leads the way instead of features and functions which will show how strong and reliable a platform or blockchain is. They all said many things about Ethereum blockchain and how it wasn't there best interest then the reason to move to Binance chain which of course, causes the price of those migrating projects to surge but after listing and till now, where is the hype? What positive impact have those projects experienced now? Am not against any project moving to their desired blockchain but let it be for a good reason not just for hype, because hype don't last.
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NewRanger
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February 25, 2020, 11:51:37 AM |
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binance chain or dex will survive for long time, maybe its right there is no more hype in this project. but i am sure binance team preparing something big now. like binance exchanges that regularly have new feature, it will happen to binance chain too someday. there will alot of new projects that will use bnb chain someday.
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Viscore
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February 25, 2020, 11:56:51 AM |
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binance chain or dex will survive for long time, maybe its right there is no more hype in this project. but i am sure binance team preparing something big now. like binance exchanges that regularly have new feature, it will happen to binance chain too someday. there will alot of new projects that will use bnb chain someday.
They all have the resources to hype this project as Binance is one of the most popular exchange in crypto, and you are right, for sure they are planning something big and they just need to wait at the right timing. Binance DEX is still holding a decent trading volume, the biggest in all DEX I guess.
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cahbagus555
Member
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Activity: 756
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February 25, 2020, 12:13:05 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
When it was first launched, the Binance chain attracted many new projects and migrated using it but it seems that it has begun to diminish. Binance DEX still has a small transaction volume compared to other already popular DEX and I think it takes time for Binance DEX to grow larger. If it is able to increase the volume of transactions, I think many new projects will start using the BNB network
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antsam
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February 29, 2020, 08:00:52 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
It caused by binance dex is too far from the expectation has already made by so many people. I will not talk about binance cex as it's the biggest exchange site with real volume. Binance was putting very strict restriction to the applicants that wanna create an asset in the binance chain. That makes so many people are not interested anymore with it. it's truly centralized platform. If you mean that the Binance Exchange is still a dream exchange for lots of coins and tokens, the stringent conditions show how quality a project is needed. It is different from binance dex which is not very popular anymore Regarding to expectations, binance DEX was being hype that much so expectations against realities traders and investors didn't see the progress and with that they've didn't bring much money and chooses to continue using the CEX. Interest is no longer there as traders chooses to follow top coins and invest with it instead of taking chances with new projects.
it may be that the expectations of many people are not as expected, binance dex does not provide benefits for them compared to binance exchange
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skeleto88
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February 29, 2020, 08:39:03 AM |
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Do not know why Binance Dex is not popular anymore, how afraid people will dominate Binance with the presence of Binance Dex. It turns out it's just uporia, Etherum hasn't been defeated to this day but don't know in the future whether there will be another better platform
It caused by binance dex is too far from the expectation has already made by so many people. I will not talk about binance cex as it's the biggest exchange site with real volume. Binance was putting very strict restriction to the applicants that wanna create an asset in the binance chain. That makes so many people are not interested anymore with it. it's truly centralized platform. If you mean that the Binance Exchange is still a dream exchange for lots of coins and tokens, the stringent conditions show how quality a project is needed. It is different from binance dex which is not very popular anymore Regarding to expectations, binance DEX was being hype that much so expectations against realities traders and investors didn't see the progress and with that they've didn't bring much money and chooses to continue using the CEX. Interest is no longer there as traders chooses to follow top coins and invest with it instead of taking chances with new projects.
it may be that the expectations of many people are not as expected, binance dex does not provide benefits for them compared to binance exchange I agree with that, the sole reason why they built such platform is to compete with ETHEREUM who is only behind the leading coin in the market bitcoin. And BNB fails to at lest to even the price with ethereum so I think with that being said it is a failure, there is no reason anymore to list new projects with binance dex cause it will only give all the credits in BNB not to project's coin.
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poodle63
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February 29, 2020, 09:17:36 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo Even those projects have high quality but if they are not compliant with the regulation in US and they will be removed. It's clearly stated by bittrex and that's why bittrex is a part of crypto rating council. Exchange site in crypto is always familiar with pump and dump and this can't be avoided and it will always exist forever
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TheClownSong
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February 29, 2020, 10:08:02 AM |
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Binance chain and DEX are both useless failures. Both a mechanism to pump BNB and mechanisms for teams to have favor with Binance.
There was no other reason for teams to list on the DEX, other than hoping to eventually list on the main CEX. There was also additional minor promo through Binance outlets, but this is negatable altogether.
Stopped trading there when they tried to copy blocknets design. They do not list based on quality either. Although even bittrex has started to remove high quality projects and add pure pump and dump shit Waiting for blocknet to get fully finished or komodo Even those projects have high quality but if they are not compliant with the regulation in US and they will be removed. It's clearly stated by bittrex and that's why bittrex is a part of crypto rating council. Exchange site in crypto is always familiar with pump and dump and this can't be avoided and it will always exist forever America applies strict regulations on cryptocurrency and I think it's natural because if crypto dominates transactions, America's interest in the dollar will be disrupted. But technological development is advancing and I don't think America will be able to stem it because potential investors will find a gap. The DEX binary may currently be fading and I think people still prefer to trade using a centralized exchanger
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brightemo
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February 29, 2020, 01:24:29 PM |
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This is not so good for DEXs in general. This tech can be really good for the whole industry
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aemma
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February 29, 2020, 06:57:05 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
Any project or platform that starts with hype, that's how it goes. I remembered vividly how many platforms were migrating from other blockchains to Binance chain, and it looked as if other blockchains aren't worth it, especially Ethereum blockchain but today the results is clear that those projects followed hype and nothing more and today the price is nothing to write home about. We all know that volume plays a good role in every project, now with these projects having low volume it means the investors or users are losing faith in the project.
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Nadziratel
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February 29, 2020, 06:59:51 PM |
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Binance DEX has never caught hype. It just remained a different trading platform. However, it also worked as an infrastructure for crypto assets that have the potential to be listed on Binance. But above all, it was a matter of vision for Binance. And I think Binance continues this service well. The issue of the price of BNB is completely related to the market situation. I'm sure it will perform much better during a good bull season.
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cytpoway121
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February 29, 2020, 10:39:25 PM |
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I do not understand what you mean when you say the hype is gone because neutrally, binance chain is itself a blockchain, while binance dex, is a decentralized exchange for binance.
Tokens such as one and verasity has been listed on binance dex and done well.
It is not binance's job to hype up projects or cause any listed tokens to moon. It is up to projects to develop good products that is capable and good enough to drive a huge demand enough to cause price hike.
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Zemomtum
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February 29, 2020, 11:51:17 PM |
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Most decentralized exchanges are losing the battle to the centralized ones and Binance DEx cannot be exceptional. Until we have a project that has DEX as one of its product that offers the building of smart contracts on top of its blockchain, ETH might keep on dominating the space
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Botnake
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February 29, 2020, 11:58:09 PM |
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Most decentralized exchanges are losing the battle to the centralized ones and Binance DEx cannot be exceptional. Until we have a project that has DEX as one of its product that offers the building of smart contracts on top of its blockchain, ETH might keep on dominating the space
We are talking of DEX here and as we can see, some ETH decentralized exchanges don't have enough volume anymore. Etherdelta is dead I guess while IDEX has a small volume now, only $400K+ per https://coinmarketcap.com/exchanges/idex/, while Binance DEX now has $600K+.
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asriloni
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March 01, 2020, 02:26:20 AM |
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Most decentralized exchanges are losing the battle to the centralized ones and Binance DEx cannot be exceptional. Until we have a project that has DEX as one of its product that offers the building of smart contracts on top of its blockchain, ETH might keep on dominating the space
We are talking of DEX here and as we can see, some ETH decentralized exchanges don't have enough volume anymore. Etherdelta is dead I guess while IDEX has a small volume now, only $400K+ per https://coinmarketcap.com/exchanges/idex/, while Binance DEX now has $600K+. Based on the latest update on the DEX volume that already published by CMC and it looks like binance dex is in the same tier as etherdelta. As far as I know, if the volume is always decreasing a lot since it was created. People are not feeling convenience again by using the DEX. Isn't it all of the opinion regarding dex will be the future of crypto already broken? In another thing, we have seen people being even smart these days.
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antsam
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March 10, 2020, 02:20:51 AM |
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I agree with that, the sole reason why they built such platform is to compete with ETHEREUM who is only behind the leading coin in the market bitcoin. And BNB fails to at lest to even the price with ethereum so I think with that being said it is a failure, there is no reason anymore to list new projects with binance dex cause it will only give all the credits in BNB not to project's coin.
Maybe they failed to realize the dream of many projects that dream of success using the Binance Platform, apparently not there are many people disappointed because expectations are too high
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CryptoTech_
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March 10, 2020, 05:30:13 AM |
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Traders are not familiar with DEX, we are accustomed to using CEX so if we switch to DEX we will feel a difference, therefore traders prefer to trade on CEX
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Lexurdania
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March 10, 2020, 06:51:56 AM |
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Traders are not familiar with DEX, we are accustomed to using CEX so if we switch to DEX we will feel a difference, therefore traders prefer to trade on CEX
Centralized exchangers are indeed more in demand by investors because the volume of transactions is greater than Decentralized Exchangers. When it was first launched, many projects used the BNB network but now it looks like new projects prefer ERC20
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chanc3r
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March 10, 2020, 09:28:37 AM |
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Traders are not familiar with DEX, we are accustomed to using CEX so if we switch to DEX we will feel a difference, therefore traders prefer to trade on CEX
They are familiar but the DEX is still lack of features compared with CEX and that makes traders are better to stay with CEX rather than DEX. Remember if binance dex didn't meet all of the expectation that already expected by the users and that's why the hype has gone.
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Goodvalony
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March 10, 2020, 10:05:07 AM |
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this is the reason i strongly backed ethereum blockchain as the only trusted and long lasting platform when it comes to smart contracts. binance was all hype just like they did to IEO. them introducing the binance chain and Dex was also another means of diverting attention from how they control and hype IEOs. gradually, the expedite is gradually becoming clear. Recently, Okex and Huobi are planing on launching their own chain.
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betty11
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March 10, 2020, 12:08:02 PM |
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I have some dead coins on Binance Dex, some project migrated there believing their project will get pump and make more money, my blockmason tokens are as good as dead. I should have sold it when they were migrating there. Even Xbase got investors rekt after migrating some parts to binance dex.
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JCviggen
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March 10, 2020, 03:02:34 PM |
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Traders are not familiar with DEX, we are accustomed to using CEX so if we switch to DEX we will feel a difference, therefore traders prefer to trade on CEX
the difference is really huge and if we talk about trading, it is very inconvenient on DEX. I use decentralized exchanges only for some unit sales. for such cases, using dex is easier and cheaper than centralized exchanges
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Botnake
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March 10, 2020, 03:06:28 PM |
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Most decentralized exchanges are losing the battle to the centralized ones and Binance DEx cannot be exceptional. Until we have a project that has DEX as one of its product that offers the building of smart contracts on top of its blockchain, ETH might keep on dominating the space
We are talking of DEX here and as we can see, some ETH decentralized exchanges don't have enough volume anymore. Etherdelta is dead I guess while IDEX has a small volume now, only $400K+ per https://coinmarketcap.com/exchanges/idex/, while Binance DEX now has $600K+. Based on the latest update on the DEX volume that already published by CMC and it looks like binance dex is in the same tier as etherdelta. As far as I know, if the volume is always decreasing a lot since it was created. People are not feeling convenience again by using the DEX. Isn't it all of the opinion regarding dex will be the future of crypto already broken? In another thing, we have seen people being even smart these days. Binance DEX is not really a decentralized exchange, that's why people would rather use the centralized exchange with more liquidity than this newly introduce exchange, at first there was a hype of the exchange, but when it was launch we found out that there are countries restricted to access the site, so people are disappointed a bit. To reiterate, here is some useful news about that : https://cointelegraph.com/news/binance-dex-will-geoblock-users-from-29-countries-including-the-us
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bison
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March 10, 2020, 03:15:19 PM |
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Traders are not familiar with DEX, we are accustomed to using CEX so if we switch to DEX we will feel a difference, therefore traders prefer to trade on CEX
the difference is really huge and if we talk about trading, it is very inconvenient on DEX. I use decentralized exchanges only for some unit sales. for such cases, using dex is easier and cheaper than centralized exchanges both have differences in trading volume. and not all coins in binance are also registered in binance DEX. only tokens with blockchain binance are listed there. that means there are more and less values in both. it all depends on how the trader likes and is comfortable with the exchange. but I think currently the binance DEX is also not as busy as before when a lot of IEO is done in binance.
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Arkann
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March 10, 2020, 04:56:33 PM |
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I agree with that, the sole reason why they built such platform is to compete with ETHEREUM who is only behind the leading coin in the market bitcoin. And BNB fails to at lest to even the price with ethereum so I think with that being said it is a failure, there is no reason anymore to list new projects with binance dex cause it will only give all the credits in BNB not to project's coin.
Maybe they failed to realize the dream of many projects that dream of success using the Binance Platform, apparently not there are many people disappointed because expectations are too high I think that it’s more than obvious that everything didn’t go according to plan, since many IEOs on binance were quite popular and everyone believed in their prospects, but you can check the statistics of how many new IEO projects on binance continue to develop today and are in demand on the cryptocurrency market .
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antsam
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March 13, 2020, 02:18:41 AM |
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I agree with that, the sole reason why they built such platform is to compete with ETHEREUM who is only behind the leading coin in the market bitcoin. And BNB fails to at lest to even the price with ethereum so I think with that being said it is a failure, there is no reason anymore to list new projects with binance dex cause it will only give all the credits in BNB not to project's coin.
Maybe they failed to realize the dream of many projects that dream of success using the Binance Platform, apparently not there are many people disappointed because expectations are too high I think that it’s more than obvious that everything didn’t go according to plan, since many IEOs on binance were quite popular and everyone believed in their prospects, but you can check the statistics of how many new IEO projects on binance continue to develop today and are in demand on the cryptocurrency market . In fact, I see that there have been several projects that have withdrawn from Binance Dex, some have used the blockchain platform themselves, some have returned to the Etherum platform. This is proof that Binance Dex is not as attractive as it first appeared
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qory
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March 13, 2020, 02:25:26 AM |
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Although bring and get label with Binance I think both exchnage Binance chain or Binance Dex is not good exchange for trading and investing, better looking great and bigger exchange for trading like Bittrex, Binance or gate.io
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. ..1xBit.com Super Six.. | ▄█████████████▄ ████████████▀▀▀ █████████████▄ █████████▌▀████ ██████████ ▀██ ██████████▌ ▀ ████████████▄▄ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ▀██████████████ | ███████████████ █████████████▀ █████▀▀ ███▀ ▄███ ▄ ██▄▄████▌ ▄█ ████████ ████████▌ █████████ ▐█ ██████████ ▐█ ███████▀▀ ▄██ ███▀ ▄▄▄█████ ███ ▄██████████ ███████████████ | ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ ███████████▀▀▀█ ██████████ ███████████▄▄▄█ ███████████████ ███████████████ ███████████████ ███████████████ ███████████████ | ▄█████ ▄██████ ▄███████ ▄████████ ▄█████████ ▄██████████ ▄███████████ ▄████████████ ▄█████████████ ▄██████████████ ▀▀███████████ ▀▀███████ ▀▀██▀ | ▄▄██▌ ▄▄███████ █████████▀ ▄██▄▄▀▀██▀▀ ▄██████ ▄▄▄ ███████ ▄█▄ ▄ ▀██████ █ ▀█ ▀▀▀ ▄ ▀▄▄█▀ ▄▄█████▄ ▀▀▀ ▀████████ ▀█████▀ ████ ▀▀▀ █████ █████ | ▄ █▄▄ █ ▄ ▀▄██▀▀▀▀▀▀▀▀ ▀ ▄▄█████▄█▄▄ ▄ ▄███▀ ▀▀ ▀▀▄ ▄██▄███▄ ▀▀▀▀▄ ▄▄ ▄████████▄▄▄▄▄█▄▄▄██ ████████████▀▀ █ ▐█ ██████████████▄ ▄▄▀██▄██ ▐██████████████ ▄███ ████▀████████████▄███▀ ▀█▀ ▐█████████████▀ ▐████████████▀ ▀█████▀▀▀ █▀ | . Premier League LaLiga Serie A | . Bundesliga Ligue 1 Primeira Liga | | . ..TAKE PART.. |
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TWW
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March 13, 2020, 06:30:24 AM |
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Although bring and get label with Binance I think both exchnage Binance chain or Binance Dex is not good exchange for trading and investing, better looking great and bigger exchange for trading like Bittrex, Binance or gate.io
I think the binance DEX is good enough. it is not as big as binance but they have quite a large trade. some say it's because of trading bots that are on the binance DEX exchange, but that doesn't matter because many large exchanges also use BOT. we are all aware of that, but so far I have also used binance DEX.
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bearexin
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March 14, 2020, 07:03:03 AM |
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This your question is just like asking whether another cryptocurrency is going to be able to overtake Bitcoin, which is something that seems quite impossible. So, if you’re going to be asking whether another Blockchain that’s focused on smart contracts is going to take over the original Blockchain that came up with the idea of smart contracts I don’t think that’s going to be possible anytime soon.
It’s going to be possible only if it’s coming from a platform that’s already very popular. Take for example, Facebook is a very popular platform and they had plans to create their own cryptocurrency, imagine it was a success, it would be able to put up some competition because it’s a popular platform and is also backed up by other big brands.
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Arkann
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March 17, 2020, 07:03:34 PM |
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Maybe they failed to realize the dream of many projects that dream of success using the Binance Platform, apparently not there are many people disappointed because expectations are too high
I think that it’s more than obvious that everything didn’t go according to plan, since many IEOs on binance were quite popular and everyone believed in their prospects, but you can check the statistics of how many new IEO projects on binance continue to develop today and are in demand on the cryptocurrency market . In fact, I see that there have been several projects that have withdrawn from Binance Dex, some have used the blockchain platform themselves, some have returned to the Etherum platform. This is proof that Binance Dex is not as attractive as it first appeared You are absolutely right, but nevertheless if you look at the BNB indicators that this coin is still quite popular among cryptocurrency users as an investment. Of course, is there a look at a 50% drop in the price of BNB over the past month, in my opinion this is just a general trend for the fall of the entire cryptocurrency market and is not associated with a drop in demand for Binance DEX.
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antsam
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March 21, 2020, 08:02:44 AM |
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Maybe they failed to realize the dream of many projects that dream of success using the Binance Platform, apparently not there are many people disappointed because expectations are too high
I think that it’s more than obvious that everything didn’t go according to plan, since many IEOs on binance were quite popular and everyone believed in their prospects, but you can check the statistics of how many new IEO projects on binance continue to develop today and are in demand on the cryptocurrency market . In fact, I see that there have been several projects that have withdrawn from Binance Dex, some have used the blockchain platform themselves, some have returned to the Etherum platform. This is proof that Binance Dex is not as attractive as it first appeared You are absolutely right, but nevertheless if you look at the BNB indicators that this coin is still quite popular among cryptocurrency users as an investment. Of course, is there a look at a 50% drop in the price of BNB over the past month, in my opinion this is just a general trend for the fall of the entire cryptocurrency market and is not associated with a drop in demand for Binance DEX. yes, what I mean is not by BNB coins because until now the Binance Exchange is still the favorite exchange of many people and the dream of the project owners, which is meant for the popularity of Binance Dex. The current price decline is more influenced by overall market conditions due to the corona virus sentiment.
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XCANA
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March 21, 2020, 08:19:46 AM |
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Well, I don’t know, bnb is very high in the cryptocurrency rating and a lot of big nvestors are constantly investing in bnb, as well as binance dex is constantly evolving, so maybe in the future bnb and binance dex will be very popular and will be in demand.
More reasons why many have seen the two as a failure to promote the shitcoin called BNB to investors. Binance would did everything to promote their coin to their investors who choose to use their platform. We should not forget that, their hype has affected many investors which make them Loss funds to these fraudulent hype pattern of Binance. Where a are the hypes now?
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Hellkas
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March 21, 2020, 11:34:06 AM |
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Crisis now is on every market including crypto market. After rise of cryptocurrency there will be a lot of new users of one of the biggest crypto exchange so, I reckon, hype will recover and will be bigger than ever. We shouldn`t forget that Binance still has vast influence on the crypto sphere
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Viscore
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March 21, 2020, 11:12:00 PM |
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Well, I don’t know, bnb is very high in the cryptocurrency rating and a lot of big nvestors are constantly investing in bnb, as well as binance dex is constantly evolving, so maybe in the future bnb and binance dex will be very popular and will be in demand.
More reasons why many have seen the two as a failure to promote the shitcoin called BNB to investors. Binance would did everything to promote their coin to their investors who choose to use their platform. We should not forget that, their hype has affected many investors which make them Loss funds to these fraudulent hype pattern of Binance. Where a are the hypes now? Does BNB a shitcoin to you? I think not, it's the coin own by the most popular exchange in the space. They have Binance chain and Binance DEX, they maybe not as successful as we expect now, but it doesn't mean it's a scam, and if ever they accept projects to use their platform and traded in Binance DEX, they also are not to be blame if such project goes scam.
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kogozer714
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April 18, 2020, 11:14:42 AM |
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Many problems say that DEX Binance will be a strong rival of ethereum, but that is all just bullshit. lots of junk coins in Binance DEX, but in the Binance exchange market as a very profitable exchange platform and even today I like to trade in binance, because they have grown better
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Blue_oxen
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April 18, 2020, 11:19:28 AM |
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Many problems say that DEX Binance will be a strong rival of ethereum, but that is all just bullshit. lots of junk coins in Binance DEX, but in the Binance exchange market as a very profitable exchange platform and even today I like to trade in binance, because they have grown better
Anyway, the projects listed at Binance Dex are censored and not every coin is rubbish so in general this is the best liquidity decentralized exchange in this market. Compared to decentralized exchanges of Ethereum, almost no exchange has a good trading volume and only IDEX has been the best for the past few years. Of course everyone will have different thoughts but I believe Binance Dex will still be much better.
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LbtalkL
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April 18, 2020, 11:21:56 AM |
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Not only smart contract they enable #BNB Staking too, Perhaps this coin can compete with ETH now on having a smart contract feature. We can't deny that ETH has many users and Binance chain has only few tokens but most of them are decent projects only a few were sh*tcoin/tokens. Recently they have burn more than 3 million supply amounting more or less $52M I guess BNB is back we will see in the coming days what will be the outcome of this recent news.
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casperBGD
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Nil Satis Nisi Optimum
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April 18, 2020, 11:28:09 AM |
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Not only smart contract they enable #BNB Staking too, Perhaps this coin can compete with ETH now on having a smart contract feature. We can't deny that ETH has many users and Binance chain has only few tokens but most of them are decent projects only a few were sh*tcoin/tokens. Recently they have burn more than 3 million supply amounting more or less $52M I guess BNB is back we will see in the coming days what will be the outcome of this recent news.
they are trying to bring back the hype, but last hype did not brought any product that is good enough to steam the pump long, so i am not sure that this time will be different, but it is good to have competition on the market, it will push ETH, but also EOS and TRX to speed up their development as well, and provide new and better solutions on the market, so way to go, Binance push the competition
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Botnake
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April 18, 2020, 11:49:36 AM |
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Not only smart contract they enable #BNB Staking too, Perhaps this coin can compete with ETH now on having a smart contract feature. We can't deny that ETH has many users and Binance chain has only few tokens but most of them are decent projects only a few were sh*tcoin/tokens.
I like to agree with that, ETH platform users mostly are scams, few of them are only successful but they eventually left the platform and create their own. Don't know what Vitalik is thinking now, hopefully he will surprise us, as it seems only BNB are performing now among the top class assets. Recently they have burn more than 3 million supply amounting more or less $52M I guess BNB is back we will see in the coming days what will be the outcome of this recent news.
That's a another great strategy of increasing the price, and in the long run, it's expected that BNB will get more adoption while its supply decreases. we know already what will be the result.
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thisnewcoin
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Convert Crypto at BestChange
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April 18, 2020, 01:26:18 PM |
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Not only smart contract they enable #BNB Staking too, Perhaps this coin can compete with ETH now on having a smart contract feature. We can't deny that ETH has many users and Binance chain has only few tokens but most of them are decent projects only a few were sh*tcoin/tokens. Recently they have burn more than 3 million supply amounting more or less $52M I guess BNB is back we will see in the coming days what will be the outcome of this recent news.
they are trying to bring back the hype, but last hype did not brought any product that is good enough to steam the pump long, so i am not sure that this time will be different, but it is good to have competition on the market, it will push ETH, but also EOS and TRX to speed up their development as well, and provide new and better solutions on the market, so way to go, Binance push the competition Yes, Binance is doing very well from the second month of this year! Nowadays Binance updates every development in their twitter handle! It's like Binance developing their ecosystem every day and everything is open for the community! WazirX IEO helped a lot to Binance to bring back some strong hype and they choose another great project Cartesi for Launchpad! So, this will boost the Binance reputation once again! But, I think Binance should focus on their Binance Dex, still, the DEX volume is very low, no new coins are coming into Binance chain, so, Binance should do something now to bring back DEX's old days!
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Balili
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April 18, 2020, 05:21:16 PM |
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Its true that the hype of binance chain and dex right now is gone but the real thing is they focus on fiat gateway right now. And there are still quality projects migrating to binance chain. Binance really becomes an amazing ecosystem that have so many usecases in different variety. Launchpad hype is still on play, as long as they gain profit from it.
Yes that hype came and went off and not much people are still remembering that. You just nailed the point, they are busy on fiat exchange which is so perfect and peaceful. That joy when your local currency drops in your bank account from Binance is awesome. Binance is really king of Exchanges in and outside the earth
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disconnectme
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April 18, 2020, 05:28:05 PM |
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I think what makes the hype to die down after their launch is the loss of interest in ICO, how many ICOs are we having per months now, then in 2017/2018 we use to have 20 or more ICOs per month. I just believe the loss on investors in ICO makes it seems like there is no interest in their chain.
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nutriagrigia
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April 18, 2020, 05:36:22 PM |
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I think what makes the hype to die down after their launch is the loss of interest in ICO, how many ICOs are we having per months now, then in 2017/2018 we use to have 20 or more ICOs per month. I just believe the loss on investors in ICO makes it seems like there is no interest in their chain.
Over the past year, I have not seen people who bought coins before IEO on the Binance and did not earn on these coins. as a rule, the Binance making partnerships with good projects and these projects grow in price after the listing.
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enhu
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April 18, 2020, 05:45:37 PM |
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Read this on my feed today. ITs another hype for BNB which can again win the trust of many investors. They are really winning this game especially now that they have bought a lot of crypto projects that can affect prices from media channels to project developments, BNB is set to step on the moon but its also killing some other coins.
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matchi2011
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April 18, 2020, 06:01:03 PM |
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Read this on my feed today. ITs another hype for BNB which can again win the trust of many investors. They are really winning this game especially now that they have bought a lot of crypto projects that can affect prices from media channels to project developments, BNB is set to step on the moon but its also killing some other coins. That's how CZ formed it's way to much bigger and stronger business, as we knew that he just acquired CMC and with new offers this business will continue to grow. There's no question with how people will begin to support this project and how developers and investors will follow and use this chain as binance itself can help them to materialized and bring support to each project that will use this system.
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Cheesus
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April 18, 2020, 06:31:01 PM |
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The hype is gone, okay, but Binance DEX still doing better. If you follow the Binance DEX Twitter handle, you will realize there are many developments happening behind the scene! The hype is for a limited time, quality is for a long time! Binance chain is not the best, I can't say that, but if you make a list of top 3 chains, then I think Binance chain will be there!
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Emilyp
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April 18, 2020, 06:46:58 PM |
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IEO hype generally has died down Binance dex is not an exception. Without the IEOs, Binance has development plans being integrated daily on the platform. CZ is making Binance a great power to reckon with in cryptocurrency with time BNB token will be worth 3 figures.
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irixo10
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April 18, 2020, 07:28:42 PM Last edit: April 18, 2020, 07:41:28 PM by irixo10 |
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I can't really recall the last time there is news about a project listing there or migrating from other blockchains to theirs, maybe am missing something or maybe not, but nevertheless, the hype is gone and those projects team which followed the hype have themselves to blame. Hype only works for the meantime and once it settles the real pictures comes up, I think this is the case with Binance DEX.
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Denies Distro
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April 18, 2020, 09:36:23 PM |
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Seems just faded because current binance cex is more desirable many people, because the pump in some coins or tokens are quite impressive and a lot of good project listings in this exchange, besides that I see on the community binance many developer still make proposals to register their tokens or coin on binance dex.
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Convery
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April 18, 2020, 09:41:34 PM |
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Binance as a company belongs among the most trusted companies in the crypto sphere, they are not pushing their products like Justin Sun to gain attention, but they slowly work and expand the field of action. By creating a token on a Binance chain, you can list it on their DEX, and whats better? You can also create tokens that are backed by another cryptocurrencies, like BTCB - Bitcoin token on Binance pegged 1:1 to real Bitcoin
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ovb1001
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April 19, 2020, 09:36:04 PM |
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In my opinion BNB is good and has the opportunity to penetrate the top 5 but it takes time for investors to believe
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torrantz
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April 19, 2020, 10:32:58 PM |
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In my opinion BNB is good and has the opportunity to penetrate the top 5 but it takes time for investors to believe
The dex is totally failed to be the true dex and binance needs more time to develop a new product again dude. As far as i can see if binance is starting to go to the IEO project again as it was getting a new IEO project to run on its launchpad. The ICO and IEO era will come back soon.
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Starfranko
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April 20, 2020, 02:44:30 PM |
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Well well well! The problem is with IEO hype. The hype has died down with shitty and scam projects taking over the space. ICOs went the same way few IEOs gets launched now.
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reallester
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April 20, 2020, 03:10:09 PM |
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I remember last year, everyone was so hyped about the Binance DEX! Any project goes for Binance chain got huge pumped and price to become very high! Many good projects kept migrating from Ethereum to Binance blockchain! Even people started saying that Binance chain will be bigger than the Ethereum network at the end of 2019! What happened then? Right now, there is no hype for Binance chain and many coins have shit volume in Binance DEX! Do you think any other chain can overtake the giant Ethereum Network?
You are right. Binance Chain and DeX played huge in 2019. However, I am not surprised by the sudden dead hype for these two exchanges. For now, I am yet to see another blockchain that will surpass ethereum. There might be in the future but none currently.
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InwardContour
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April 20, 2020, 03:34:57 PM |
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Well well well! The problem is with IEO hype. The hype has died down with shitty and scam projects taking over the space. ICOs went the same way few IEOs gets launched now.
OP was actually referring to the hype around Binance chain last year, any project which moves to binance chain immediately gets hyped and spikes up massively in price. I benefitted from this actually, even though it was short lived. I remember when many were in the opinion that Binance chain will be better than Ethereum blockchain, all of these were mere assumptions. OP wasn't necessarily referring to IEOs done on Binance exchange, since they still get hyped with remarkable price spikes like WRX, even though some dump badly after the hype dies down.
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Vishnu.Reang
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April 20, 2020, 04:38:45 PM |
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I have a feeling that this is going to be the beginning of the downward slide for Binance. They are the top cryptocurrency exchange right now and they should have concentrated on that domain. On the other hand, they are wasting their expertise on Binance Chain and Dex websites. If they ignore their core domain, then it will turn out to be counterproductive in the future.
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petuel
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April 20, 2020, 08:17:01 PM |
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In my opinion BNB is good and has the opportunity to penetrate the top 5 but it takes time for investors to believe
it actually takes time for binance to make moves and upgrade and then investors will start to believe it is a big difference
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