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Binance Coin

Binance Coin is an ERC-20 token on Ethereum that issued by the Binance exchange. Binance coin allows holders to pay for fees at discounted rates on Binance.

πŸ’© 50%

Reviews for Binance Coin

πŸ”‘ 4 positive | πŸ’© 4 negative


Binance Coin (BNB) is the best example of a pure tokenized security: $15M ICO -> partial claim on cash flows, future fund returns, etc.

2018-06-04 | Full Review


Quick rant on "discount tokens", eg BNB

TLDR: Discount tokens are *definitely* securities

2018-02-19 | Full Review


Since it’s hitched to one of the top cryptocurrency exchange in the world, BNB is one of the strongest cryptocurrencies out there. However, there are also many risks with holding the coin. The most significant of which is the fact that Binance has many regulatory agencies eyeing the exchange. BNB is inherently tied to the success of Binance as a business, and the business will could be shut down entirely if there is a regulatory crackdown. The solution to this is to either comply with tough regulations which isn’t easy, or to build a decentralized exchange.

2018-04-15 | Full Review


Tokenizing most co. equity will look like PDF'ing a newspaper to put it online in the long term. Tokenizing rights to future income cash-flow is the only real use case. BNB is a half-step in the correct direction. Full step requires on-chain cash-flow plus smart contracts.

2018-06-05 | Full Review


Continuing to be impressed by Binance.

Silicon Valley talks about building a "moat". Binance's $BNB is just that; it's integrated in 100 little ways into their website, from fee rebates to voting to small altcoin balance exch; very sticky.

2018-05-01 | Full Review


Binance is the world's fastest profitable unicorn. But can anyone riddle me how their $15MM ICO wasn't an illegal securities offering? Some facts about BNB coin:

- ERC20 token
- Offered to the public
- Founders kept 40%
- Clearly sold as an investment
- ICO before a live product

2018-04-12 | Full Review


BNB kind of makes sense if you trust Binance, but that's a big if. They essentially redistribute profits by burning BNB coins equivalent to 20% of their quarterly profit.

2018-06-01 | Full Review


There are many crypto exchanges, fiat on-ramps and OTC platforms.

What crypto severely lacks is merchant adoption. Glad (and somewhat relieved) to see projects increasing merchant adoption of crypto.

Users can book 450,000 hotels with BNB.

2018-12-04 | Full Review