To be honest with you - I was very strong on NEO and even Binance as of only 4 weeks ago. However - The ICO's that they host, and new coins on the exchange have almost identical Advisory boards.
Take a close look at BNB, HCC, HSR, LLT, NEO - Also take a close look at the names on Binance -
I believe that Binance and their coins will be profitable at first as many have shown enormously intriguing gains - However unless you reside in China - and are an official Citizen - BEWARE!!
Binance was slick by timing the NEO PUMP with the Binance launch which included initial free trades - Then the BNB coin seemed fishy even though other exchanges have had their own coins as well - Holding BNB provides you with "discounted trading fees, also provides you with additional resources -
Binance has been cherry picking their Altcoins to list on the exchange - Aside from BTC, ETH, and LTC which every Exchange in the world has on it - take a look at the other coins... NEO - China, BNB - China, HSR, HSS, OMG - All Chinese coins that are backed by huge Chinese corporations.. They all have pumped hard at least once or for a week straight... Their Voting of coins to be listed - seems... Odd. Maybe 5 out of 20 on the list as of yet are in the top 40 in Market Cap - Where is Dash, NEM, XMR, LSK, BTS, STEEM??
Is it smells fishy - Most likely it is fishy
Profitable for China Outsiders - Possibly - But something going on with Binance IS NOT RIGHT!!
Loopring just sounds sketchy to me as well - your coins never ever leave the blockchain - no personal wallets (for your protection) nope! For manipulation..
Hopefully I am wrong bud but be careful with the Advisory Board Name Dropping and all the familiar faces Advising on 10+ different coins
good points and we should be wary, but binance is currently running votes to determine what coins to list
If you think that Binance's exchange may be fishy, you could always pick up LRC on a few other exchanges. Also, Loopring's exchange is basically a medium to get you the best price possible, so im not sure what could be sketchy about that lol. Its similar to Kyber Network which Vitalik (Founder of Ethereum) is an advisor for. If anything that advisory board gives me more confidence in the project.