How the Binance (BNB) exchange coin has gone UP in a bear market – Plus IOTW

In what can be only regarded as astonishing, the Binance token, named ‘BNB’, is one of the few cryptocurrency tokens to actually APPRECIATE during this bear market. But how? Most tokens are highly correlated to one another? Has this token got super powers, or has Binance solved the equation for creating real utility?

Back in July 2017, Binance conducted its Initial Coin Offering, raising around $15 million USD and issued approximately 192.4 million BNB tokens according to its token contract. The ICO was conducted to provide the revenue need to build out the digital currency exchange platform, with the tokens to be used within the exchange.

According to the All Time High Index, the Binance coin is the best performing coin in the top 50 cryptocurrencies by market cap. The index takes the difference in percentage between a coins highest ever price and its current price. Astonishingly, the BNB token has 14.8% performed better than the nearest coin, which is the 0x token down -66% from its ATH.

? IOTW – Sponsor
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https://iotw.io/wp-content/uploads/2018/08/IOTW-Whitepaper-2018-07-26-2018.08.01-0.03-ENGLISH.pdf

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? I use the Binance exchange for certain altcoins
http://cryptocurrencyaus.com/Binance

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? Sources;
https://athcoinindex.com/price
https://www.binance.com/
https://ethplorer.io/address/0xb8c77482e45f1f44de1745f52c74426c631bdd52#tab=tab-holders
https://icobench.com/ico/binance
https://icocrunch.io/ico/binance/
https://www.businessinsider.com.au/china-eliminates-all-cryptocurrency-trading-2018-2?r=US&IR=T
https://www.ccn.com/binance-from-ico-to-the-worlds-largest-cryptocurrency-exchange-in-six-months/
https://coinmarketcap.com/rankings/exchanges/reported/
https://medium.com/binanceexchange/binance-the-worlds-largest-crypto-exchange-announces-investment-in-malta-4c7e51136563
https://www.coindesk.com/binance-exchange-backs-first-ever-decentralized-bank-in-malta/
https://www.coindesk.com/binance-backs-malta-stock-exchanges-startup-accelerator/
https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/#5545561a1eee
https://support.binance.com/hc/en-us/articles/360001668872
https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf
https://www.bloomberg.com/news/articles/2018-03-13/crypto-exchange-binance-launches-decentralized-trading-network
https://launchpad.binance.com/
https://support.binance.com/hc/en-us/articles/115000583311
https://support.binance.com/hc/en-us/articles/360007242192-Binance-4th-Quarter-Token-Burn
https://coinsutra.com/proof-of-burn/
https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp
https://www.coindesk.com/sec-chief-clayton-every-ico-ive-seen-security/

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? Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision. Cryptocurrency Australia Media, or the author, may have holdings in the cryptocurrencies discussed. Liability limited by a Scheme Approved Under Professional Standards Legislation.Referrals and affiliate links do earn us commissions but they are products or services we personally use and would not endorse if we did not believe in them.

How the Binance (BNB) exchange coin has gone UP in a bear market – Plus IOTW

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Kane Dane