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Binance (BNB) for Beginners - Two Minute Tokens

BY: @cryptoplayhouse | CREATED: July 17, 2018, 5:33 p.m. | VOTES: 532 | PAYOUT: $12.34 | [ VOTE ]

How's it going fellow crypto fanatics!

Coming at you with another quick look at one of the most popular coins on the markets!

Binance (BNB)

For today's Two Minute Token Talk we'll be taking a look at the Binance token!

Let's hit the basics first!

Launch Date: July 2017

Launch Price: ~$0.10 USD

Current Spot Price: $13.15 USD (July 17, 2018)

Market Rank: 16th

Market Cap: ~1.5 Billion (July 17, 2018)

Why so bullish?

Well, there's a number of reasons, not the least of which being Binance's clear dominance in the crypto exchange space providing a strong user backing for the coin. But more than the sheer massive user base, its the features! In a sea of seemingly uncapped transaction fees for cryptocurrency traders, Binance had already set itself apart from the crowd with its far lower fee schedule. But the BNB token takes it a step further, incentivising active traders to use the token in place of random coins to pay their fees, providing a 50% reduction in accrued trading fees. But it doesn't just cap out its appeal at traders. Long term investors & HODLers will also have the added benefit of Binance's quarterly token burn, removing tokens from the market and thus driving up the price of the remaining shares.

Anywho, hope you enjoyed this quick spin around the Binance token!

And remember, if you have a coin you'd like to learn about, an aspect of a certain project you'd like discussed, or even an entire point of comparison you think we should add to our coin tutorials, let us know in the comments!

▶️ DTube ▶️ IPFS

TAGS: [ #binance ] [ #trading ] [ #cryptocurrency ] [ #altcoins ] [ #dtube ]

Replies

@crmjewelers | July 17, 2018, 6:14 p.m. | Votes: 2 | [ VOTE ]

BNB is a great token.

@jcsteem | July 17, 2018, 6:20 p.m. | Votes: 1 | [ VOTE ]

Nice overview & post!
Steem on!

@cryptoplayhouse | July 17, 2018, 11:47 p.m. | Votes: 1 | [ VOTE ]

Thanks for checking it out!

@richykibe | July 17, 2018, 6:51 p.m. | Votes: 2 | [ VOTE ]

Nice

@netscape101 | July 17, 2018, 7:45 p.m. | Votes: 3 | [ VOTE ]

BNB goes up when everything else goes down or atleast that's what I see when I look at coinmarketcap.

@netscape101 | July 17, 2018, 7:49 p.m. | Votes: 3 | [ VOTE ]

Not sure if you done anything on Tron. Would be cool to talk about that and discuss how you can move your erc20 token tron to the real thing.

@cryptoplayhouse | July 19, 2018, 1:14 a.m. | Votes: 0 | [ VOTE ]

It's something I may consider, but I'll have to touch up on my info on the project first as I sold my holdings some time ago after a number of unsavory occurrences.

@farhanali59 | July 18, 2018, 4:44 a.m. | Votes: 2 | [ VOTE ]

Will BNB hit 50$ end of 2018????

@cryptoplayhouse | July 19, 2018, 1:13 a.m. | Votes: 1 | [ VOTE ]

I do my best not to make price calls. I suppose its plausible with a few more burns under them, but realistically that is a huge jump to make in a very short period. It's best not to just expect bull runs, although they do happen.

@rifatnsu | July 18, 2018, 8:22 a.m. | Votes: 1 | [ VOTE ]

Thank you

@cryptoplayhouse | July 19, 2018, 1:15 a.m. | Votes: 0 | [ VOTE ]

Glad to help!

@thundercurator | July 21, 2018, 11:32 p.m. | Votes: 0 | [ VOTE ]

The price for our service has increased to 0.150 or 0.151 SBD, Thank you.

@xfiless | Aug. 1, 2018, 8:19 p.m. | Votes: 0 | [ VOTE ]

The best i think stock to buy bitcoin and many altcoin: https://www.binance.com/?ref=23697510

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