Is Binance coin (BNB) the most risky crypto? Should you sell your BNB?

Is it risky to hold Binance coins? In this video I will assess the risk of holding Binance Coins after Chico Crypto called Binance coin the riskiest crypto currency of all crypto currencies!

Sources:

Chico Crypto´s video about BNB: https://www.youtube.com/watch?v=B8BPinBou60

EXCHANGES:

Coinbase: https://www.coinbase.com/join/nielse_ly

Binance: https://www.binance.com/?ref=13779371

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Binance coin (BNB):

From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB runs natively on Binance chain. The coin was established with a total supply of 200 million. Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

The BNB coin itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to:

– Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year).

– Crypto.com has included support for Binance’s BNB token to its platform which includes the MCO Visa Card and mobile app.

– Uplive platform supports BNB to buy virtual gifts.

– Nexo platform supports the BNB coin as collateral for instant crypto loans.

DISCLAIMER:

This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

Is Binance coin (BNB) the most risky crypto? Should you sell your BNB?

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Kane Dane