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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
Member
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Activity: 400
Merit: 12
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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
Legendary
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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
Sr. Member
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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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
Sr. Member
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Activity: 1764
Merit: 268
Vave.com - Crypto Casino
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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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Activity: 868
Merit: 16
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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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bit.ly/3QXp3oh | Ultimate Launchpad on TON
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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
Member
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Activity: 798
Merit: 38
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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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