You should add Binance Coin (BNB) to your portfolio!
In this actical i will give you some more information about the Binance exchange and Binance Coin(BNB)
The team
One of the most important aspect of a great product is a great a experienced team behind it. The team behind Binance consist of CEO Changpeng Zhao (CZ), CTO, Roger Wang, Cheif Architect James Hofbauer, Product Director Allan Yan and Operations Director Sunny Li. All co-founder of Binance and was at similar positions at BijieTech. BijieTech excited before Binance and is a cloud-based Exchange system provider with 30+ exchanges in Asia on their resume.
CZ was also the founder and CEO of BijieTech, but is now only a shareholder and are focusing exclusively on Binance. Prior to BijieTech CZ was co-founder and CTO of OKcoin, a lager Bitcoin exchange, similar to coinbase.com.
Roger Wang has been working in the financial industry for 10+ years and is responsible for designing the high level architecture of the exchange and ensure the security and stability of the exchange. As stated above does the rest of the team have experience with building exchanges and ensuring secure platform from both BihieTech and other companies the work at before it.
More about the team and the investors can be read in the whitepaper page 10 and forward.
Binance Coin
Summary of the token
| Symbol | BNB |
|---|---|
| Coin type | ECR20 token |
| Total token supply | 200,000,000 |
| Mining | N/A |
| Buy back | 100,000,000 |
35% money from the ICO and initial investors was used to build of the exchange and servers to have a great starting point. The exchange is build to have 20 million simultaneously online users and 1,4 billion orders pr. second. The Binance Coin is used for exchanges fees, withdrawal fees, listing fees, actually any fee on the exchange. It can also be used to participate in ICO hosted at Binance.
50% will be used for branding and marketing and the last 15% will be kept in reserve to cope with any unexpected situation that might come up.
It will also be used as one of the key assets as well as gas on a decentralized exchange, that Binance will build in the future.
Every quarter Binance will buy back BNB and burn them with 20% of their profits. They will continue to do this, until there are 50% (100 million) of all BNB left. Every time Binance will make this buy-back they will announce it on the blockchain.
Why buy into BNB
- Strong team and partners
I've only talk briefly about the team, and nothing about the partners and investors. But if you look in the whitepaper, more info can be found there. - Proven technology
The technology behind the exchange is in use in more than 30 exchange in Asia. - Exceptional technology
The exchange is capable or so many users and orders, that it is very future prove. - Exchanges is making money
If people are keeping on investing in crypto coins and tokens, one of the only guaranteed to make money is the exchange, and the price of BNB should keep on going slowly up. - Buy-back program
With the buy-back program the price should go up after each buy back, because the supply is being limited.
Market performance
This is not financial advice do only invest the money you can afford to lose
Never invest money that you can't afford to lose
Appropriate links:
Binance sign up: My referral link
Binance website:https://www.binance.com/
Binance Twitter:https://twitter.com/binance_2017/
Binance Telegram: https://t.me/binanceexchange
Binance Coin (BNB) whitepaper: Whitepaper
Binance android app: Play store
Binance IOS app, how-to: IOS how to install
good post 👍 good luck for all
Thanks man :)
Good post
Thanks
Good post, i'm thinking of adding it to my portfolio, i'm adding 1 coin a month, alrdy added XLM;TRX;VEN;ETH;IOTA;ENG; still need to buy FUN;NEO;CAPPS;REQ;XRB, and now 1 more BNB... so many good coins to buy but not enough money to put into all of them.
I'm trying to get STEEM passively trough steemit, it's a little hard but nothing impossible, 1 upvote and 1 post at a time
Thanks, appreciate it. I also have a long list off grate coins that i need to put money into, but in the same boat as you regarding the money for it...
FUN, REQ and CAPPS i don't know much about, i'll have to look into those.
I'm trying that too, i have invested some ETH into buying some SBD for bot upvoting. I'll hope that then resualt in some of my post hitting trending of some sort and getting more views and upvotes that way. Best of luck to you with your steemit adventure!
Well, i want to do it without bots, do you think it's possible?
Between FUN, REQ; and CAPPS definitely look into capps because they partnered with nvidea 1 week ago
I think it is, depends on the content you will make. But i think it can take longer because your post might not get to trending and then get overlooked.
I haven't really been making content for other to read/enjoy before. So i'll try some different things in the post and see what people like.
There is also the possibility to just buy some steem power - But that won't establish a group of followers.
But hey, you have got 29 follows without even posting anything, just from comments - I think that is quiet good.
Yeah, and this account is 2 days old, it's probably because of my macdonald picture xD
Also, i'm not toxic, i like to help other ppl and i always read the post before commenting, and i don't comment stuff like "follow me" or "upvote me", i always try to give helpful information
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STOPThank you for the good information!!
Glad you liked it :)
I've been wanting to buy it since it was hovering above $20. Finally it has come down to $9 levels. I think I'll take a dig and invest some SBD into it.
At the same time, going by Indian govt stance on crypto, I feel scared to even spend time here on Steemit :/