Have you ever wished that you could own a toll on the GW Bridge or the Internet? Imagine every one of the millions of cars a day that passes through paying the absurd $15 toll / EZ Pass fee and you received a percentage. Wouldn't that be the ultimate business? Sounds like Binance of the crypto highway generating 1.21 Gigawatts; a road that every investor or trader has to pass through that wants access to the best trading platform and many of the newest coins to market. Binance is a leading trading platform with over 6 million users and growing that generates as much as $5 Billion daily trade volume. Each and every trade generates a trading fee based on the total trade volume just like a toll on the internet.
There are a few key general market trends and specific company advantages that make Binance a likely long term winner.
Macro Trends: Theme - More Users - More Transactions - Larger Trading Volume
#1 The Cryptocurrency market is growing exponentially
#2 Investors want access to ICO's (Over 1000 expected in 2018) and Alt Coins
#3 Cryptocurrency is highly volatile which increases trading
Binance Specific Advantages:
#1 Platform capable of handling 1.4 Million orders per second
#2 Access to most coins prior to other platforms
#3 Lower trading fees - Coin has utility to reduce fees in half
#4 Great customer service
#5 Referral program offering 20% commissions on all trades
#6 Buyback program in the form of a coinburn - Increases price per coin
#7 It's own coin is a currency pair which brings people to the platform for Binance to invest and to use as a currency which increases the amount of BNB traded.
Overall, Binance is the largest exchange by volume traded in the world. It continues to exponentially add new users with its incredible platform, access to most of the new & game changing projects, low trading fees and referral program. Coinbase has recently raised further capital and after its past valuation of $1.6 Billion, it appears to be valued closer to $3.2 Billion with some projections have it skyrocketing to $30 Billion by 2019. It is not out of the realm of possibility that due to Coinbase's low amount of coins offered and limited daily trading volume, Binance could not equal or exceed Coinbase in valuation as time progresses. Once the promotions are gone and the reduction in fees disappears, Binance will be many X multiples of where we are today.
This is not financial advice, but at only $1.3 Billion Market Cap I believe this to be a great long term hold and in full disclosure hold Binance in my portfolio. While everyone is out looking for the WOW project of what could be, BNB is the investment that will be collecting small percentages of every transaction as each Crypto investor rolls by. You might even meet Doc Brown in the future cause "Where we are going we don't need roads" to collect your toll.
To pick up BNB if you are not on Binance, you can use the link: https://www.binance.com/?ref=16733320
See you on the Moon or in the future!
@crytolegendhodl Aka J$
I appreciate your upvote and follow as we build the Steem community to the top!
Twitter @Legendcrypto
I have had great experience on Binance, no problems, easy to use
keep it up and we will contiue to upvote
Nice post very high quality content. I agree with you BNB is a huge pick for the coming years binance will only grow steady for every month!👏
Keep up this Great Content!
Thanks. Appreciate the kind words! Followed up and upvoted you as we build this Steem community.
Agreed!! BNB will be a great hold for the portfolio. Following and voted. Looking froward to you next post...
Appreciate your support and follow. Followed and upvoted you as well as we build this steem community. The next one will be coming soon as 2018 is the year to take advantage of this growth!
i like binance ,
most of funds are in binance.
nd im holding BNB too
Nice post
See my list of TOP 5 Cryptocurrency exchanges 2018 https://mykucoin.com Binance is #1 but see what else is there
Thanks appreciate it. I followed you and upvoted. Hope you follow some more posts to come as we build this steem community!
An excellent coin, BNB, has already made huge gains! My most recent post lists it as a top 4 pick, in total agreement this is a good hold! Thx for info!
Your welcome. Appreciate the comment and look forward to reading your post. Followed and Upvoted you as we build this great Steem community!
Your post was fresh.You were innocent. I sent you some compansation.
https://steemit.com/life/@firedream/grumpy-cat-strikes-again-at-least-some-payback
Please resteem for help to stop the bully actions of @grumpycat
FD.
Thanks for your comment and appreciate your assistance! Yeah got hit by the cat for no reason. I am knew to this and only hope to provide great content for the steem community. I should resteem what you sent?
Resteem only if you belive... Voice must be heard.
FD.
I'm holding BNB for this very reason!
Good post, strongly agree!
Thanks for the comment. Appreciate it! Upvoted you as we build this Steem community.
Thank you @cryptolegendhodl for making a transfer to me for an upvote of 30.88% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
This post has received a 24.66 % upvote from @boomerang thanks to: @cryptolegendhodl
thanks, happy today
This post has received a 13.66 % upvote from @booster thanks to: @cryptolegendhodl.