March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: Binance Coin (BNB)
Binance Coin is the native currency of the Binance blockchain and the Binance Exchange.
Price:
$279.00
Mkt Cap:
$46,381,032,135
View Coin Page
Project Fundamentals
- Binance is the largest cryptocurrency exchange in the world by trading volume.
- Since its launch in 2017, Binance has released a whole ecosystem of blockchain-powered services and networks such as the Binance Smart Chain, Binance chain, Binance Academy, Trust Wallet, and other research projects.
- BNB token was created as a utility token for discounted trading fees, but since then has gained much more use across numerous platforms.
Partnerships / Implementation
- Exchange Coins in recent years have become a remarkably powerful tool to provide monetary incentives and rewards to users while building a strong community.
- Binance has partnered with UpLive, Asia’s premier high-end live video streaming platform that sells virtual gifts for BNB tokens to UpLive’s 20 million user base.
- Binance coin is also supported by the pioneering payments and cryptocurrency platform, the mobile app, and the VISA debit card of Monaco.
Roadmap and Announcements
- Moving forward Binance services to be the infrastructure services provider for the entire blockchain ecosystem.
- Binacne recently announced the conversion of all USDC tokens to BUSD as the exchange continues to work towards market dominance.
- Binance has plans to build a crypto-friendly digital city similar to the virtual free zone in Dubai, in Nigeria.
- Via Twitter, 13th September, @binance announced that its BUSD Stablecoin has reached a market cap of $20 Billion.
- In September 2022, Binance announced that USDC would no longer remain on their platform and would be automatically transferred to BUSD.
- On the 27th of September 2022, Binance announced they would introduced a burn mechanism for the LUNC token.
- In October 2022, Binance experienced a hack in which $500 million of BNB was printed. This significant event did little to move the price of BNB lending to is popularity and resilience as an asset.
- In November 2022, The FTX Bankruptcy has increased the importance of strong risk management frameworks at centralised exchanges for which Binance is held amongst the best.
- In December 2022, Binance showed strong resilience against a bank run on the exchange with multiple billions of dollars being withdrawn in a short amount of time.
Technical Analysis
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Fantom (FTM)
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Polygon (MATIC)
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Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
