Academy Week 9 - Homework Post for Yohan2on

Hello everybody, this is my second assignment for the steemitcryptoacademy, today we will talk about Altcoins, more specifically, Binance coin(BNB). Let's get started

¿What is an altcoin?
As the professor said, an altcoin is a token or a currency tied to certain blockchain used as an alternative to bitcoin, an altcoin could be, easier to mine, cheaper, less volatile, etc which means that altcoins are incredibly important for the development and grow of the crypto community. Knowing what is an altcoin and how important they are let's talk about an altcoin that has grown a lot recently

Binance
Before talking about BNB, we need to know what Binance is and what's interesting about it. Binance was founded by Changpeng Zhao in 2017 as a cryptocurrency exchange, allowing the users to trade cryptocurrency,digital assets or "regular money" to another cryptocurrency or digital asset. The success of Binance was quick, Binance proven to be reliable and easy to use, making it's way to the one of the biggest exchange by 2018.

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¿What's Binance coin and what's good about it?
One of the key factors of Binance's grow is it's own altcoin, Binance coin. Binance coin was born during Binance's ICO and it's purpose was to provide some perks such as reduced fees over other cryptocurrencies to promote it's usage on their platform, Binance coin was very promising since day 1 due Changpeng Zhao's background and how ambitious Binance project was.

As now that Binance has gained reliability and popularity in the crypto community, Binance's way to increase BNB demand even more is using it's platform for IEO(Initial exchange offering) using Binance's currency to finance these. Binance has launched more ambitious projects in their blockchain (BSC) such as pancakeswap

Binance is the largest cryptocurrency exchange by 2021 and it's grow is nonstop, making BNB demand extremely high.

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Binance Coin price started as 0.1USD per coin during it's ICO in 2017, today (04-17-21) a Binance Coin is sold for over 520.

2021 is being great for cryptocurrencies, and for many people altcoin is a great way to invest money.
Earlier this year there were a lot of stocks scandals and many people started to look where to invest their money using decentralized platforms. And this is where Binance came in handy, being the largest cryptocurrency exchange platform, many people starting to invest in cryptocurrencies, Binance being for most the go-to option and considering the perks that BNB offers to Binance users, BNB price increased drastically, being today's world's second altcoin.

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So in conclusion, Binance Coin (BNB) is one of the most reliable altcoin, offering you a reduced fee using their platform, the possibilities of funding projects through IEO's and probably more things to come. Binance keeps growing and climbing it's way to be the first altcoin that's something they definitely want to achieve, that makes investors very interested on BNB and making BNB one of the pillars of the cryptocurrency world.

Special thanks to the professor @yohan2on and the steemitcryptoacademy, I hope you guys enjoy my homework.