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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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"The nature of Bitcoin is such that once version 0.1 was released, the
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Goodvalony
Member
 Offline
Activity: 616
Merit: 16
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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
Copper Member
Jr. Member
Offline
Activity: 448
Merit: 3
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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
Full Member
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Activity: 778
Merit: 100
SmartFi - EARN, LEND & TRADE
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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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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
Member
Offline
Activity: 375
Merit: 10
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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
Copper Member
Member
Offline
Activity: 593
Merit: 10
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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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