BINANCE COIN

WHAT IS BINANCE COIN?

 BINANCE COIN IS THE CRYPTO-COIN ISSUED BY BINANCE EXCHANGE, AND

TRADES WITH THE BNB SYMBOL. HAS A STRICT LIMIT OF MAXIMUM 200
MILLION BNB TOKENS.
WHEN WAS BINANCE COIN CREATED?

BINANCE COIN WAS CREATED IN 2017 AND WAS FOUNDED IN CHINA, HOWEVER
IN 2018 IT MOVED ITS SERVICES TO JAPAN IN 2018, DUE TO THE CHINESE
GOVERNMENT BANNING CRYPTOCURRENCIES IN SEPTEMBER 2017. BINANCE
THE CONTINUED TO WORK IN JAPAN IN MARH 2018.
HOW RELIABLE AND SECURE IS BINANCE COIN?
JUSTIFY YOUR ANSWER.
INVESTING IN BINANCE COIN LOOKS LIKE A GOOD INVESTMENT AS THE
EXCHANGE PLANS TO USE THEIR PROFIT TO BUY BACK A PORTION OF THE
COINS, EVERY QUARTER AND THEN GET RID OF THEM. WHICH MEANS
DECREASING THE SUPPLY AND MACHINING THEM WORTH MORE FOR THE
INVESTORS.
STATE THE ADVANTAGES AND DISADVANTAGES
OF BINANCE COIN :

Advantages
- High Speed of Transactions
- Binance Users Get Discounts With BNB Coins
- Low transaction fees
- Can Be Used To Pay For Binance Exchange
Services
Disadvantages
-  Limited to The Binance Exchange
- Binance’s Buyback Policy Can Reduce Price
-  Impact of Chinese Regulatory Policies
APPROXIMATELY HOW MUCH IS ONE OF YOUR
ALTCOIN CURRENTLY WORTH?

 price for today is $21.60 with a 24-hour trading volume of $207,716,808.

HOW SUCCESSFUL HAS BINANCE COIN BEEN FOR
ITS FOUNDERS?
• IT DELIVERED TESTED TECHNOLOGY – OFFERING TO BUY AND SELL TO 15
DIFFERENT COUNTRIES
• BINANCE HAS ONLY BEEN AROUND SINCE 2017, BUT IT HAS INCREASED VERY
QUICKLY IN A SHORT TIME PERIOD
• AFTER IT MOVED TO JAPAN FROM CHINA IT INCREASED HIGHER IN A FASTER
TIME
HAS IT BEEN IN THE NEWS LATELY? IF SO,
EXPLAIN WHY?

YES IT HAS BEEN ON THE NEWS. THEY REPORTED THAT THE FIRM SECURED 78
MILLION IN PROFIT SO FAR IN 2019 AND 446 MILLION IN ALL OF 2018.
IF YOU WERE USING A CRYPTOCURRENCY,
WOULD YOU CHOOSE TO USE THIS ONE? JUSTIFY
YOUR REASONING.
I WOULD USE THIS ONE IF I HAD JUST SEEN THIS AND ONLY COMPARED TO A
COUPLE, BIT IF I DID MY RESEARCH PROPERLY ON ALL ALTCOINS AVAILABLE I
WOULD GO FOR BITCOIN BECAUSE I KNOW THAT, THAT IS THE BIGGEST AND
MOST POPULAR ONE YOU COULD DO.
PREDICT WHETHER YOUR CHOSEN CRYPTOCURRENCY
WILL SURVIVE IN THE MARKETPLACE. GIVE REASONS
FOR YOUR PREDICTION.

I THINK IT WOULD BECAUSE IN JUST A YEAR IT INCREASED SURVEIRLY SO

IMAGINE HOW MUCH IT WILL AS THE YEARS GO BY.
REFERENCE LIST:

• HTTPS://COINSWITCH.CO/INFO/BINANCE-COIN/WHAT-IS-BINANCE-COIN -
• HTTPS://COINMARKETCAP.COM/CURRENCIES/BINANCE-COIN/- CREATED IN
2019
• HTTPS://WWW.COINGECKO.COM/EN/COINS/BINANCE-COIN - CREATED APR 23,
2019