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RE: BNB AND BINANCE EXPLAINED!

in #crypto • 7 years ago

Great post. I heard about the binance ICO before but didn't know what was exactly going on. You explained it very well.

I still don't see the point of investing into BNB. If the price stays the same, you have no advantage to paying your fees with "normal" coins. Is there any other incentive to buy BNB?

7 years ago in #crypto by
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     7 years ago  

    What do you mean with the price stays the same? I guess the first time you buy BNB you will 100% fee but after that you will always save 50% fee - which is not bad. The reason bitcoin is high is because everybody needs bitcoin to trade it into another currency. Ethereum is the next best thing but most of the coins are available via BTC/Coin.

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       7 years ago  

      Wait. The BNB doesn't go away when you use it to safe fees? I think that is where I was wrong. If it would be used up in the process, it would be rather pointless.