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Binance Coin

Binance Coin is a token issued by the Binance exchange. Binance coin allows holders to pay for fees at discounted rates on Binance.

πŸ’© 45%

Reviews for Binance Coin

πŸ”‘ 5 positive | πŸ’© 6 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


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


BNB markets itself as having a fundamental backstop (cashflows) when it does not. [Binance CEO Changpeng Zhao] encourages these valuation models and [retweets] them.

BNB could be a great instrument if:
- they paid pro rata dividends to holders in perpetuity, not this insipid burn
- they actually released real 10ks/ quarterly earning reports
- they stopped pretending that there was a utility component for valuation

Nic Carter, Partner at Castle Island Ventures and Co-creator of Coinmetrics

2019-02-15 | Full Review


BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately.

BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.

2019-02-13 | Full Review


BNB’s value is driven by more than the cash being returned to investors by Binance. BNB has tremendous utility and is used as:

- Staking token – Users who hold a significant amount of BNB get discounted fees on the exchange according to a set schedule
- Discount token – users who pay their exchange fees with BNB get a discount
- Payment token – trading fees on the Binance Chain can be paid with BNB

2019-02-19 | Full Review