Binance Coin, the crypto currency of the crypto money exchange Binance, has reached a gain of 75% since last month. When we look at the rest of the crypto money market, they are trying to keep up with the crypto money winter. What are the factors affecting the increase of BNB?
40% Increase per Week
BNB increased 75% last month. As of January 13, the value lasted only 40% from $ 5.52 until today's price of $ 9.64. To say that the BNB is experiencing a particularly good price fluctuation is a very ordinary interpretation of how the BNB has achieved and managed to achieve these impressive gains.
Yak, BNB, Yak!
Since the beginning of 2019, the foundations of the BNB have been greatly influenced by the coin burning of the BNB worth $ 9.4 million in mid-January.
I feel a burning sensation. How about you? https://t.co/uh7nphfeis
– CZ Binance (@cz_binance) January 14, 2019
According to the introduction, at the beginning of each quarter, the BNB is exposed to a cocaine burn. This situation removes some of the circulating supply. The Binance stock exchange uses 20% of the profits to buy the BNB and destroy the coin burning.
This coin burning serves as a catalyst for price fluctuation; Simply put, the demand in circulation increases and demand is increasing.
Changpeng Zhao “CZ vadeli, the leader and CEO of the crypto money exchange Binance, easily maintains this long-term bear market. She shows the combination of credibility and guilt of a man who knows how to build a successful business.
That's why many people in the crypto-money community rely on CZ. The crypto money exchange Binance also serves as a castle in the industry. This is a difficult phase in the crypto money market
It is an ecosystem built on this foundation, which is much more developed than a stock market plan to expand the company to a block chain on its own.
Binance, without doubt, is a stock market that has launched a large number of launches that the market has been eagerly awaiting, leading to further price speculation.
A close-up launch of Binance's own block chain. Simply put, it's called Binance Chain.
This new initiative is said to have launched a new era for Binance, and at least extended its operation beyond the humble beginnings as a crypto-currency exchange.
No, Binance Chain is coming, if you haven't noticed.
– CZ Binance (@cz_binance) January 18, 2019
The BNB is massively deployed, as it will live in its own block chain, which has been invented on its newly invented mainnete, which is released from its own ERC20 cocoon.
The binance chain will enable projects to create funds and launch their own tokens on their network. The collected funds will be made through the BNB and this will lead to more use of the coin.
Another attempt at the hand of the Mainnet was Binance DEX.
The decentralized stock market will be built on Binance Chain and will be launched at a time in the month.
@binance_dex sneak preview video. https://t.co/dq1uhbsvgc
– CZ Binance (@cz_binance) December 13, 2018
DEX is said to be aesthetically similar to the current Binance stock exchange, but is associated with all the advantages associated with a decentralized approach to trading, including high security level and personal ownership of private keys. For this reason, CZ recently announced that the listing fees for new crypto currencies will be close to 100 thousand dollars. CZ has identified this price as potentially deterring acak scam or spam coins CZ.
Crypto-money project teams, hoping to enter a comprehensive list, may choose to pay and receive discounts at the BNB.
In addition, BNB will be used as a semi-gas for priority operations.
Binance really had a very busy year. Binance Launchpad was launched at the beginning of the upcoming launches. This launch put BNB into the atmosphere a little more Bu
Launchpad project is a donation platform on which tokens can be launched. Launchpad, which looks like the Ethereum platform concept and raises ICOs, raised $ 7 million in less than 20 minutes with the latest BitTorrent BTT sales.
BNB can be used by investors who want to contribute to token sales.
In addition, Launchpad promotes projects that incorporate the BNB into its ecosystem. This encourages them to prioritize them for review.
Along with Binance's consistent innovation, it provides a useful integration of its crypto currency. Therefore, it is not surprising that the BNB stands out among the crowd.
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