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Binance is in the list fastest growing exchanges. It provides a reliable platform for traders with huge growth in users every day. They have their native token ‘Binance Coin’ to pay your fees on Binance exchange. The token is proven to be highly stable for several trading perks and secure service in crypto transactions.
Changpeng Zhao – CEO https://www.linkedin.com/in/cpzhao/
Roger Wang – CTO https://www.linkedin.com/in/rogerlilaiwang/
James Hofbauer - Chief Architect https://www.linkedin.com/in/jamesjhofbauer/
Paul Jankunas - VP of Engineering https://www.linkedin.com/in/paul-jankunas-4ba9513/
Allan Yan - Product Director https://www.linkedin.com/in/allannyan/
Sunny Li - Operations Director http://www.linkedin.com/in/SunnyJiachenLi
There is limited information available in English, but they do have mentioned a part of device coverage in whitepapers. They are aimed to provide cross-platform trading clients for a number device platform including:
Though the English version is limited but still it gives a good overview of generic information including team, investors, discount and repurchasing plan, market competition and risks.
Binance has its native coin known as BNB which allows users to pay different fees on Binance exchange i.e. listing fees, trading or withdrawal fees, margin and other fees. If the user wishes to use BNB for payments he/she will get a discount of 50% in first here. Binance has made a clear declaration about discounts:
Binance has significant discounts for the users who are using BNB for making payments on Binance exchange. Even the percentage of discount will be decreasing every year but still, it’s a huge incentive for traders. Every passing day traders are increasing on Binance exchange and so the amount traded as well.
One most noticeable part of BNB is its plan of repurchasing the token and then burning them. According to whitepaper every quarter Binance will user 20% of profit to repurchase the BNB back from the market and then destroy them. They will keep using 20% until 50% of BNB are bought back. They have made it clear that all transactions will be declared on blockchain for transparency purposes. So, in total, 100 million BNB will be destroyed and 100BNB will be left in the market.
Some investors choose to remain private.
There is no roadmap publish till now but according to white papers
“Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent. “
Due to a number of good reasons BNB is still a great choice for trading but surely not for investments. As seeing the trading chart, its demand and supply remain same a price fluctuate from high to down within no time. So, people can get the advantage of its significant discounts for trading purposes.
Dear sir or madam, please tell me, which miner I need for mining Binance Coin. Best regards Zoran Savic
How about telling us specifically which kind of ASIC to use or what kind of encryption BNB uses so we can look it up ourselves?
So what algorithm is it? I doubt I can use a sha-256 asic miner so I assume by suggesting us to use an asic miner to mine bnb, you are referring to an etherium asic miner to use the ethash algorithm to mine bnb.. am I correct? Thanks for your reply in advance... If you do indeed reply.
The coin is great - The write-up on your page is awful; Bad grammar and words spelt wrong. Get a proof reader for goodness sake.