On to the next Alt-coin..
One of the best coins in the World is Binance Coin (ticker:BNB). BNB is one one of my top 5 favorite coins. There is so many great things about Binance. Where the hell do I start?
…..
I’ll start by writing that Binance is the number one cryptocurrencies trading platform in the World. This platform is where the majority of the World’s Crypto traders and investors are. Again, #1. They have there own Blockchain and coin. The coin is called BNB and is used by people around the World for everything imaginable. You can buy hotel rooms, flights, clothes, web services, entertainment, even Burger King. Check out this Tweet from the CEO and Co-Founder Changpeng Zhao, on Twitter:
https://twitter.com/cz_binance/status/1213468818527252483?s=19
They also have other use cases; we like to use the word “Utility.” Check out this Article:
https://twitter.com/binance/status/1181971615724097537?s=19
As mentioned before, investing into a Company coin is like investing into a stock at the Stock Markets.
This means that when they make money, so do you. The more the Market Cap grows, the more the value of the coins will grow.
How do they make money you say?
Trading fee’s, exchange fee’s, licensing fee’s, alt-coin listing fees (just like the Stock Markets), and a bunch of other ways. One of the best ways that will help BNB coin reach higher prices over the years is the fact that they have their own Blockchain that other Companies (organizations) can make alt-coins and build on top of. Anyone can make an alt-coin, but you have to decide if you want to create your own Blockchain database or operate under a well established Blockchain. Furthermore, what I will write next in regards to these alt-coins that are built on top of Binance Chain will apply to all Blockchain companies and all projects that build on top of it. I will remind you of this over the next few posts but eventually I will feel confident and assured that you have understood the next few lines.
Let’s hypothetically write and discuss:
Let’s say that Binance Market Cap is $1 Million.
Let’s say that a project (Company) builds (makes an Alt-coin) on top of Binance Chain and have a Market Cap of $1 Million also from selling their Alt-coins to investors and traders on Binance App.
This will give Binance a total Market Cap valuation of $2 Million.
The BNB coin will benefit directly as it is the native coin of the Binance Blockchain.
Let’s say that there are only 5 BNB coins in existence. Take $2 Million and divide by 5. This would give BNB coin a value of $400,000 per coin. Great isn’t it?
All Blockchains will work in this manner and BNB just happens to be one of those coins that fuel the Binance ecosystem. There are +100 Companies (projects) being built on top of the Binance BNB Blockchain. If not +100 today, it will be tomorrow or the day after. Stop quoting me so much. 😉
They all help build the value of Binance and it’s native alt-coin, BNB.
Check out this tweet from Tommy
@ MustacheTommy
https://twitter.com/MustacheTommy/status/1209534810630184960?s=19
Hopefully you have a better understanding.
In addition..
Binance burns BNB coins every quarter. They plan to burn 50% of the BNB supply of 200,000,000 BNB. This will also help with price stability and help curve inflation. Typically, the less the supply, the more the value of the coins. Even if you keep the current market cap of BNB the same and continuously burn coins, the value will rise as the market cap of the coin and supply are directly correlated to one another. This gives us the price of the BNB coin. The same is true for the Stock Markets.
Check out this article from the Binance learning Academy regarding the BNB Coin Burn:
https://www.binance.vision/blockchain/what-is-a-coin-burn
Then check out what I wrote regarding this Burn. It’s an Opinion but the CEO agreed… not really, he just liked the Tweet. Lol.
https://twitter.com/KraZeMike83/status/1185669968731541504?s=19
In addition..
Binance is one of the top 10 Cryptocurrencies by Market Capitalization. When investors look for investment opportunities they look at the top performers. Over time as institutions and every day investors pivot their portfolio to include more exposure to Bitcoin and other cryptocurrencies, they will always choose top performing assets. BNB will be a top choice. Binance is always building something. They will strive year after year, decade after decade. And that is a fact; based on my logic of course. 🙂 #Buidl
In addition..
At the time of writing, everyone loves Binance. They have an excellent reputation and have strong morals and dignity from the CEO’s CZ & He Yi, down to the Binance Angels. They are honest and very transparent. They do not omit any details about the company or it’s activities and plans. It is one of the reasons why I like Binance and even have a Binance tattoo. I am actually 1 of about 6 people in the World to have one. It’s an honor of mine and I show it off proudly when the opportunity presents itself. Binance and all of it’s CEO’s actually care about your money and peace of mind. There are many exchanges that will take your money and run. There are many exchanges that don’t care if an attack happens causing investors to lose funds. There are many exchanges that simply don’t practice habits that will help and benefit the traders and investors that use their platforms. Not Binance. They are a 1 stop shop and they DO give a fuck about you, your family, and your future. #SAFU
Check this shit out:
https://twitter.com/KraZeMike83/status/1117268450022498305?s=19
#MyBinance – Shout out to Tommy Mustache @ MustacheTommy on Twitter for the plug. 🔸️🔸️🔸️
You can call me Kraze, it’s ok. I won’t be mad. Lol.
Then read this:
https://twitter.com/binance/status/1069857606284410880?s=19
In addition..
Binance coin BNB is probably the number 1 coin to obtain. They have many ‘on ramps’ (ways to buy BNB coin). You can buy BNB coin and since they are interchangeable with any coin in the World, you can say that BNB coin will be responsible for allowing people to buy Bitcoin. The on ramps are forever growing. There are endless ways to obtain BNB. Almost every fiat currency in the World can be used to buy BNB coin.
In addition..
Binance is a huge leader in Charity/Donations. They are an evolving leader of getting and recognizing Women in Crypto. The Binance Organization is Global and they have a extremely diverse group of individuals who help spread awareness and help with the adoption of BNB within the many sectors of the economies around the World. That won’t make you wealthy but you need to understand what type of company you are investing into.
Check out these Tweets from the Angels/Charity/Donation
https://twitter.com/binance/status/1232973819754606592?s=19
https://twitter.com/BinanceAngels/status/1169232429799919616?s=19
I wrote this.. 😉
https://twitter.com/KraZeMike83/status/1058204989116551173?s=19
In addition..
I mean I can be done if you say that you are convinced that BNB will be a good investment; I can keep going. I haven’t even wrote about their DEX.. (maybe later) Binance is involved in so much good shit, it’s mind blowing and almost (is) financially irresponsible to not have part of your portfolio exposure to BNB coin. If I sense that you doubt that BNB is, and always will be a great Organization and investment, then I will write another post. It will be longer.. :p
Buy as many as you can and you can thank yourself later. #BuyBNB #UseBNB
-Mike, KrāZé
I think TRX Tron is next, followed by Litecoin.. I’ll get to it.
One last thing, if you want to know more, simply do your research and perhaps download Twitter. No sense in reading the news from some news source when you can hear it directly from the Executives. If you want to stay on top of your investment, which you should, then stay on top of the news surrounding the company that you invest into. I don’t have all the answers. I am still learning day in and day out. At the time of writing, the current topic is something about a ‘Circuit Breaker’ (which I don’t like) and something about a ‘MibleWimble.’ (from what I read, I like the details)
I’ll probably have to discuss that on the post after next. Or not.. 😉
