Binance Coin (BNB) Delivers Massive Gains To Investors Once Again In Lieu Of Recent News
Binance Delivers Massive Gains To Investors Once Again
Binance seems to be some type of miracle coin, continually delivering investors rapid gains. BNB Token has crunched its previous market cap of $2.4 billion with new high of $3 billion. Investors are continually gifted positive ROIs from a nearly endless stream of increased revenue for the company.
Ethereum is soon to lose some $3 billion in Binance coins once the new Binance Chain is unveiled. There are currently about ten million users on the exchange, giving it record numbers like that seen with the all-time-highs back in January of 2018.
Following testing the $20.60 level, the coin started a downside slope of $20.00. Surpassing the $18.50 levels, the coin even hit $17.00, forcing it into a bearish zone. The ERC20 token is going to be running on Binance chain, set to launch today with the swap happening on April 23rd. Investors can rest assured of the swap will be simple going straight from token to coin.
A semi-centralized blockchain used by Binance Coin operates on a Tenderment BFT, also heard to say:
“The initial validators are selected from trusted members of the Binance community and will eventually expand to more members as the Binance blockchain and ecosystem matures, this responsibility will be distributed.”
“The decentralized governance procedure would be introduced and executed. More qualified organization/individual can become Validator.”
As for payments, they will operate with a Simple Payment Verification system. Coins will be able to run on Binance Chain in the same manner as Stellar Lumens or BTC. There will likely be no smart contracts used on the new chain.
BNB holders are also rewarded with 20% of Binance’s quarterly profits. With profits about $71 million just in the first quarter of 2019, they’re giving 20% of the profits to holders who have been there since the start. Considering the coin’s climb of 5 times since December of last year, investors are genuinely happy with the progress of the company.
A lot of people are wondering how the new platform will hold up against Ethereum, as well as how it will affect the versatility of Binance Coin. The new blockchain should by nature increase the utility of the token while at the same time showing investors that a company can accelerate their growth if focused, regardless of current market conditions. BNB coins will most likely increase at a consistent rate in the coming weeks, months and years.