Binance Apology to Steem: Rebuilding Steem's Integrity to the World

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It is with great joy in my heart that I'm seeing the triumph of the steem community as exchanges have began to make public remorseful statements on this regard. Reading this piece from Binance Blog titled "A Letter to the STEEM Community" published at 04:26 pm, earlier today heightens my hope about steem and restores so much confidence on the values we hold as a DPoS community. Indeed, I see a net-breaking investment pool into steem in the coming days. Below is a screenshot of the letter from Binance:

The very interesting part of the letter is Binance's compensation plan for users who held tokens as at the time of the Binance's vesting of steem:

Binance has completed the process of powering down all 31,730,000 STEEM. According to the voting rules on STEEM, the Steem Power is withdrawn over a period of 13 weeks, in 13 amounts that total the amount we selected. Accordingly, STEEM will be released over a period of 13 weeks in 13 equal amounts. Based on the current ratio of VESTS/STEEM at 0.0005103, a total of 24,692 STEEM will be rewarded, which amounts to around US$5,086 as per the market price of STEEM. The rewards will be distributed to all Binance users who held STEEM at the time of voting.

I must salute Binance for this bold declaration which would help erase the doubts of users on the safety of their tokens in Binance Exchange. With this, I think trust can be restored and this would serve as a reference for the near future.

Steem keeps pumping in price towards the $0.22 mark and this happens while other cryptocurrencies like the giant Bitcoin is falling short of predictions. It is an exciting moment for the steem investors and more demand is placed on the token now that everyone is staking his token to vote for community witnesses.

Certainly, the Justin Sun attempted takeover of the steem blockchain adds this beautiful side to the chain and its token as steem are not dumped in exchanges, thus, the price is surging as gold.

The exchange is also praying for the soon brokerage of peace between Justin Sun and the Steem community because they cannot stand to lose users and their assets which is their source of income.

“Hopefully, the Steemit community and TRON will reach a consensus in an efficient manner. If they fail to reach an agreement and it poses potential risks/damages to STEEM users on Binance, we reserve the right to take corresponding actions at the consent of our users.”

At the time of writing this post, Steem trading chart shows a healthy buying guage as shown above. This is because steem token is getting scarce in the exchanges and the few available has a buying pressure. Below is steem's price chart according to Bittrex exchange rate.

At this time, I can say that steem is already in the bull days as we are scaling and awaiting the genreal bull run for all cryptos when Bitcoin begins to grow. In fact, I see why Sun is all out for steem blockchain as he sees the "gold" in steem.

I hope that @Justinsunsteemit can learn from Binance and tender his apology to the community and look forward to making out the best on his investment.

Steem can only get better and the community would win at long last!