The Bigger Picture + Binance Launchpad Projects as Extra Fuel
Binance is actively trying to capture institutional capital, is creating fiat-crypto gateways all over the globe, will launch a second and decentralized exchange, has a token economic model based on increasing demand whilst reducing supply, and is the industry’s favorite exchange.
Launchpad
The Launchpad project is a fundraising platform upon which tokens can be launched. A similar concept to the Ethereum platform and raising ICOs
BNB can be used by investors who wish to contribute toward token sales.
Furthermore, Launchpad incentivizes projects which incorporate BNB into their ecosystem by prioritizing those tokens for review.
Binance’s own blockchain, dubbed, simply: Binance Chain
This new venture is said to usher Binance into a new era, and at the very least expand the operation far beyond its humble beginnings as a cryptocurrency exchange.
Binance chain will allow projects to fundraise and launch their own tokens upon its mainnet. The funds raised will be done so via BNB, fostering a further use case for the coin.
Ethereum ERC20 Tokens Can Be Switched to Binance Chain
Binance DEX
Crypto project teams hoping to land a coveted listing, can choose to pay the fee in BNB and receive a discount.
The decentralized exchange will be built on top of Binance Chain and should be launched at some point this month.
Coin burn
Every quarter, Binance will use 20% of its profits to buy back and burn/destroy BNB until 50% of the total supply has been depleted. Eventually, only a total of 100,000,000 BNB will remain.
You don’t need to be an academic to understand what a reduction of the supply, while the demand is increasing, will do to the price of that asset.
A great aspect of the BNB token is that the market’s volatility , whether it goes up or down, is actually good for the demand of the token, as volatility leads to more active traders who will want to take advantage of the discounted trading enabled by the BNB token via the option to pay the fee in BNB.
It will be an even more exciting coin to hodl once the bulls will return and institutional capital will start flowing into the space through Binance.
This all provides the BNB token with a strong case as to why it is a solid token to hodl.
Is there something I missed?
Launchpad
The Launchpad project is a fundraising platform upon which tokens can be launched. A similar concept to the Ethereum platform and raising ICOs
BNB can be used by investors who wish to contribute toward token sales.
Furthermore, Launchpad incentivizes projects which incorporate BNB into their ecosystem by prioritizing those tokens for review.
Binance’s own blockchain, dubbed, simply: Binance Chain
This new venture is said to usher Binance into a new era, and at the very least expand the operation far beyond its humble beginnings as a cryptocurrency exchange.
Binance chain will allow projects to fundraise and launch their own tokens upon its mainnet. The funds raised will be done so via BNB, fostering a further use case for the coin.
Ethereum ERC20 Tokens Can Be Switched to Binance Chain
Binance DEX
Crypto project teams hoping to land a coveted listing, can choose to pay the fee in BNB and receive a discount.
The decentralized exchange will be built on top of Binance Chain and should be launched at some point this month.
Coin burn
Every quarter, Binance will use 20% of its profits to buy back and burn/destroy BNB until 50% of the total supply has been depleted. Eventually, only a total of 100,000,000 BNB will remain.
You don’t need to be an academic to understand what a reduction of the supply, while the demand is increasing, will do to the price of that asset.
A great aspect of the BNB token is that the market’s volatility , whether it goes up or down, is actually good for the demand of the token, as volatility leads to more active traders who will want to take advantage of the discounted trading enabled by the BNB token via the option to pay the fee in BNB.
It will be an even more exciting coin to hodl once the bulls will return and institutional capital will start flowing into the space through Binance.
This all provides the BNB token with a strong case as to why it is a solid token to hodl.
Is there something I missed?
