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
2019-02-15 | Full Review