What is cryptocurrency Binance Coin

In order to understand more in detail what Binance Coin, you need to read this article, which provides an overview of the Binance exchange. Binance Coin is a token based on the ERC 20 token and will be used to purchase services from the Binance, which began its work in 2017.

The developers of the Binance exchange have created a trading platform on the last requests of traders and investors. For the convenience of users, they have created 200 million tokens of Binance Coin, which, by the way, have a trade name BNB. As of November 16, 2017, the cost of Binance Coin is equal to $1.59, with a maximum value of about 3 dollars.

Where to buy Binance Coin

It is logical that the token created by the exchange for purchase of the same services will be traded exclusively within the limits of the exchange, i.e. Binance exchange. The daily volume of trading on the token BNB is $9 million dollars, which is quite a good indicator for such a new currency. Users of the Binance exchange in most cases buy tokens Binance Coin for bitcoins and ethers.

Review of Binance Coin

Since Binance Coin is a token created exclusively for the purchase of services on the Binance exchange, we can not speak with certainty about its prospects. Although, given the fact that 50% of all generated tokens will be destroyed, its cost is bound to grow. However, when that happens, will it happen?

It seems to us that the creation of the token Binance Coin, is a good marketing move from the developers of the Binance exchange, which in this way wanted to draw attention to itself, by creating an “attractive” for investing tool, but it is unlikely that it is.

In the short term, the token Binance Coin can reach its maximum mark, after which, it is likely to roll to the still price level. If BNB tokens were traded at least one trading platform, it would stimulate its increase in value.

Conclusion

Here we have finished the review of cryptocurrency Binance Coin in which we have shared the opinion and expectations on prospects of Binance Coin, but conclusions do by yourselves. This is all, dear friends. Thank you for your attention.

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