Binance: the rise of The NBB-Token and the Initial Exchange Offerings – the next big thing?

the BNB-course performed in the past few months relatively well. The future prospects of the Token can, from a position of hope. Because with the Binance Launchpad, the largest Bitcoin stock exchange allows you to the world of so-called Initial Exchange Offerings, with those of the NBB-Token is directly connected. This should be the new Form of the ICOs, with some hedges, though. While here for traders good opportunities, the basic idea behind Bitcoin, however, far in the Background: decentralization. Of Binance, BNB-Token and Initial Exchange Offerings.

By Phillip Horch
21. March 2019BTC$3.957,29 -1.57%part Facebook Twitter LinkedIn xing mail

The Binance BNB Token has performed in the past few weeks relatively well. So the Token from the home of the world's largest Bitcoin exchange-was up 45 percent. He is currently listed at just under 15 US dollars, and occupied in the Ranking with the largest Cryptocurrencies by market capitalisation, meanwhile, ranked 7th, right after Bitcoin Cash. For comparison: The price of Bitcoin grew in the last 30 days to 3.5 percent and is currently relatively stable at just under 4,000 U.S. dollars. But what has caused the increase in the BNB Token? What it means for the crypto-Ecosystem? And what is the impact of the dissemination of the Token in the future? What Initial Exchange Offerings? A glimpse of the Binance Ecosystem.

The BNB-Token in the Ecosystem of Bitcoin-stock market

The Binance Token is limited to 200 million tokens. According to the White Paper Binance from the ICO, a total of 50 percent of the other half of the Binance-Founding Team (40 percent) and Angel investors (10 percent). The Token has its place on the Ethereum platform, and is Token a ERC20 -. Ultimately, the NBB-Token as a Utility Token for the Binance used platforms. It is used, for example, for the payment of new Token Listings and for the payment of other fees. For the upcoming DEX he will also serve as a basis. All the Binance Launch Pad.

all the projects will be paid for with the tokens. Thus, the company ultimately increases the demand for the Token, you can only invest in new projects. Also the BitTorrent-Launch was published on the Binance launch pad. As one of the first Initial Exchange Offerings (more on this later) he shot right through the ceiling. As we reported, to put the Token in the meantime to a whopping 850 percent.

The Binance Launchpad, in turn, forms the basis for new projects. Who pays with BNB, will receive a discount. In the first year, this stood at 50 percent, second 25 percent, and decreases steadily to the half, from the fifth year, there is no Discount.

Furthermore, the company specifies that quarterly burnt Token. This should go a long time, up to 50 percent of all tokens have been burned. The retained tokens each have a specific function. According to the White Paper, 35 percent of "Funds" in the Binance platform and its associated flow Upgrades, as well to the staff. A further 50 per cent are part of the Marketing and related activities. 15 percent should be withheld if there is "any emergency or unexpected situations".

BNB-Token-Burn

As you can see from the Smart Contract, in turn, the Burn is no value for the Token. Rather, the Token can be burned directly, which ultimately means that the entire available quantity of BNB-drops the Token. The money or value remains in the circulation at a constant rate the "value" of the Token increases.

How to Binance CEO, opened in the lower Video, burn Binance the Token of the user. You can buy them back and delete them then from the Blockchain.

The Binance Launch Pad, and Initial Exchange Offerings

Back to the Binance launch pad: This serves as the basis for new projects that arise as part of an Initial Exchange Offering. You should provide a new, safe Alternative to ICOs. Since they already take place on a stock exchange, the calculation, grant you a certain degree of security for investors. But what Initial Exchange Offerings?

Initial Exchange Offerings are initially limited. Only users of a stock exchange can have on the surrender of the Token part. The Binance launch pad, is used in the present case. Users can buy the NBB-Token new Token projects.

Here Binance determined, however, on the approval of new projects and specifies, according to an analysis of a start date. If the Token Sale is over, can be traded to the new Token directly on the stock exchange. Binance serves as a Central starting point: the intermediary that speaks to the Ideal of decentralization. You gain a huge advantage over other Exchanges.

Binance and the listing fees

in Order to be on Binance listed, you have to pay fees. How much are the listing fees are, and what conditions apply, does not reveal Binance, however. On the question of whether there Binance Listing fees, answer CEO Changpeng Zhao:

We do it [Listing fees request]. What we do: We do not negotiate. And we beat any price. [The Team] tell us what you want to pay.

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this was in The year 2018. Some time later, Binance announced a charitable organization. The Binance Charity should, therefore, receive all the Listing fees as "donations".

Binance spreads

in the Meantime, appeared several Use Cases, which Binance spread your Token. So Changpeng Zhao announced on 10. March about the auction of a house that can be purchased with Bitcoin or NBB:

The world's first live property auction using cryptocurrency streaming. Accepting Bitcoin & Binance Coin #useBNB https://t.co/pt4ULhkSOC

— CZ Binance (@cz_binance) March 11, 2019

As of the NBB-Token perform?

the BNB, the Token that is currently widely used As so strong, one can see a Parallel here to the ICO-wave in the year 2017, which followed the creation of the ERC20-Standards. Here, Ether was the base currency, investors have backed up the tokens and of course increase profits. The NBB-Token and the associated Initial Exchange Offering provides a strong incentive for new projects, eventually companies will get direct access to tens of millions of users.

If Binance is the largest provider, there are also other Exchanges, the inner-earth objects anbieten. So, for example, GBE, OKCoin, Bittrex, EXMO or Huobi.

A bitter aftertaste: The cross with the centralization

For investors may offer a good opportunity to benefit from a possible price rise in the NBB-Token. You can assume so due to the diminishing Supplies; also the dissemination on the Performance of the Token hope.

A connotation, however, remains at the BNB-Token and the Ecosystem that builds up Binance. It is a highly centralized System, and is contrary to such the basic idea behind Bitcoin. With an increasing centralisation on a large Player exactly what he wanted to abolish Satoshi Nakamoto with his Bitcoin White Paper finally happens.

the question in accordance with the Listing fees, however, remains open. However, Binance has announced this to be disclosed. You should flow all the Binance Charity organization. It is a more than dubious, is a whole other story.

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