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Gd'Day Mate!
In the crypto world, Binance is the biggest brand around and they offer an ecosystem of crypto services around their own cryptocurrency - the Binance coin (or BNB).
BNB powers the Binance Ecosystem and is the native coin of the Binance Chain and the Binance Smart Chain. BNB has several use cases:
Pay for trading fees on the Binance exchange;
Pay for trading fees on Binance DEX (Decentralized Exchange);
Pay for transaction fees on the Binance Chain;
Pay for transaction fees on the Binance Smart Chain;
Pay for goods and services for both online and in-store purchases (e.g., using Binance Card or Binance Pay);
Book hotels, flights and more at Travala.com;
Community utility token on the Binance Smart Chain ecosystem (such as games and DApps);
Participate in token sales hosted on the Binance Launchpad;
Donate on Binance Charity;
Provide liquidity on Binance Liquid Swap;
What is Binance Coin (BNB)?
BNB was launched through an Initial Coin Offering (or ICO) that took place from June 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB.
BNB was issued as an ERC-20 token, running on the Ethereum network, with a total supply of 200 million coins. 100 million BNBs were offered in the ICO, but the current total supply is lower due to periodic burning events. If you want to know more about coin burns, and why BNBs are being permanently destroyed, check out What Is a Coin Burn?.
Although initially based on the Ethereum network, the ERC-20 BNB tokens were later swapped with BEP-2 BNB on a 1:1 ratio. The BEP-2 BNB is the native coin of the Binance Chain, and the mainnet launch was announced on April 18th, 2019.
In September 2020, Binance launched the Binance Smart Chain (BSC), which is a blockchain network that runs in parallel with the Binance Chain. This means that you can now find BNB in three different forms:
BNB BEP-2 on the Binance Chain.
BNB BEP-20 on the Binance Smart Chain.
BNB ERC-20 on the Ethereum network.
What is BNB used for?
As mentioned, BNB has many use cases. For instance, you can use BNB to pay for your travel expenses, buy virtual gifts, and much more. But let_s take a look at how BNB can help you with trading fees. Here_s how to buy BNB right away!
When trading on the Binance Exchange, each trade will incur a standard fee of 0.1% (trading fees are determined by your monthly trading volume and BNB holdings). You can either pay the trading fees using the assets you are trading or you can pay for them with BNB. If you choose to pay in BNB, you will get a special discount.
Therefore, if you trade a lot on Binance, you should consider getting BNB and using them to pay for your fees. Keep in mind that the deduction for trading fees follows a specific schedule, so make sure to check the current spot trading Fee Schedule. It's also worth noting that the Binance Futures platform follows a slightly different Fee Schedule.
Apart from discounted trading fees, BNB is also powering the Binance DEX (on the Binance Chain) and hundreds of applications that are running on the Binance Smart Chain (BSC).
Binance coin is trading at around $280 USD per coin at the time of writing this, we expect this to increase by another 100% at least in the next rally. Sign up at Binance using this link https://bit.ly/31uRnnb and get 10% off your trading fees when you use this link!
If you are interested to get involved with cryptos and consider joining this action, you can buy cryptos below:
Get started at the world's biggest and most established crypto exchange Binance at the link below:
https://bit.ly/31uRnnb
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2021-03-31 |
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Gd'Day Mate!
Firstly we are not selling anything.
Unless you have been living off the grid with no internet, the mainstream media has been reporting news on bitcoin and cryptocurrencies.
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
Weeks After $1B Bitcoin Purchase, MicroStrategy Buys Another $15M Worth Of Cryptocurrency
https://finance.yahoo.com/news/weeks-1b-bitcoin-purchase-microstrategy-163558608.html
If you are new to cryptocurrencies, our tip for you is NOT to buy Bitcoin now. There are literally thousands of cryptocurrencies, as with all things in life, some are gems (with potential to x10 or x100) and most are garbage which eventually will go to zero.
Bitcoin is the KING coin in the crypto world, all other crypto currencies are collectively known as altcoins.
What is altcoin season
While everyone has been focusin on Bitcoin, there is a term "Altcoin Season" when the prices of good altcoins can go up times 10 or even x 100 in a crazy rally. This is mainly due to speculators who have made crazy gains from Bitcoins to smaller cap coins in order to chase gains.
You can literally turn $1000 into $10,000 or even $100,000 in an altcoin season (which seems to be happening now).
After an altcoin rally which usually lasts 50 to 60 days, prices will crash hard (what goes up in a parabolic move must come down always).
And if you can turn $1000, into $10,000 during this altcoin rally which is happening soon, we advise you to rotate your profits into bitcoin (King coin) as Bitcoin becomes relatively "cheap" compared to altcoins until Nov this year.
You can likely turn $10,000 into $10000 in the next bitcoin run up until Nov 2021 (a repeat of what Bitcoin and the market did in the last bull run in 2017). History does not repeat exactly but history certainly rythmes!
And you have another chance to turn $10,000 into $1000,000 (thats 1 million) in the last leg of the altcoin rally which is likely to happen at the end of this year.
We understand there is no fundamentals to cryptos and this is a high risk game. But with the Federal Reserve holding down interest rates and printing more currencies (with the central banks around the world), the risk-reward for entering the crypto markets is simply too good.
Altcoins we recommend:
Zilliqa coin (ZIL) which you can buy in Binance (here -> http://bit.ly/2L6ZySg)
ZIL coin is a project from Singapore, a country that is politically stable and widely known as a city that embraces Cryptocurrenies. The Central bank of Singapore has launched the Singapore Dollar as a crypto stable coin in Zilliaq blockchain.
https://www.mas.gov.sg/-/media/MAS/ProjectUbin/Project-Ubin-DvP-on-Distributed-Ledger-Technologies.pdf?la=en&hash=2ADD9093B64A819FCC78D94E68FA008A6CD724FF
We believe you cannot go too wrong when you follow what the government of Singapore is pursuing. ZIL is currently trading around USD$0.20. You can buy ZIL coin in Binance, the world's biggest crypto currency exchange here: http://bit.ly/2L6ZySg
If you are interested to get involved with cryptos and consider joining this action, you can buy cryptos below:
Get started at the world's biggest and most established crypto exchange Binance at the link below:
http://bit.ly/2L6ZySg |
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2021-03-25 |
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