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Binance Coin remains one of the most successful crypto-currencies of 2019, the BNB having already gained 200% since the beginning of the year.
As crypto markets post a price correction, which took more than $ 18 billion in total capitalization after the April rally, the overall outlook for cryptocurrency remains positive. However, Binance Coin is one of the few currencies that has managed to retain its value throughout the price decline. The price of the NBB exchange 2% in the green, at the time of writing the announcement, and has increased by almost 200% since the beginning of 2019.
Binance Coin offers an attractive value position for investors. As an alternative to Bitcoin, Ethereum and other high-performing digital badets, BNB is both a means of diversifying a portfolio and gaining a foothold in the rapidly expanding field of trading-derived tokens. Compared to traditional crypto-currencies, which operate in decentralized environments that can participate in various markets, Binance Coin's utility stems from what it offers through the exchange.
However, this is not really a gap for BNB. Binance is the world's first cryptocurrency exchange by user volume. Its CEO, Changpeng Zhao, occupies an important place in the cryptocurrency industry. Although Binance Coin – like all cryptos – can be freely traded and used outside the stock market, it offers some incentives to investors to keep it on Binance.
BNB is a trading pair for the large number of crypto-currencies offered by the stock market, providing a universal base pair in addition to what is usually offered in the form of Bitcoin or Ethereum on most stock exchanges. Binance also offers a BNB conversion feature, which "sweeps" small coin holdings and crypto remnants into Binance Coin, allowing investors to collect currency that frequently accumulates on an account.
Beyond pair exchanges and a useful conversion feature, Binance has also found some rather ingenious ways to entice users to invest in the room. The first is to allow the payment in BNB of transaction fees, with reduction, which are automatically deducted from the user account. Although the reduction is an attractive feature, paying fees in BNB also allows users to strategically invest in a digital badet that can grow at the same time. For cryptocurrency investors, who can initiate hundreds of transactions in a single week, reducing BNB holding costs is a way to reduce profit by a few percentage points.
Binance also did radical changes ICO Launchpad service that strongly promotes the value of Binance Coin. Unlike the first-come, first-served model of the past, Binance opted for a lottery system that requires users to hold substantial amounts of NBB (> 100) to invest in new chip launches. Large investors, or those who regularly participate in Launchpad token sales, are almost obligated to own 500 BNBs – and keep them in their account during the month preceding the sale – in order to have the best chances of selling the game. to be drawn to the lottery.
The highlight of these features has been to position the NBB as a piece of extra value for investors: the usefulness of a cryptocurrency and a coin with functional use in its eponymous market,
Warning: Investing in a cryptocurrency has inherent risks.
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