Binance coin


BNB is attractive to investors because Binance, the exchange, promised in its whitepaper to buy back BNB using 20% of its profits and burn them. What makes the BNB token commercially attractive is the fact that it's used to pay trading fees on the Binance platform and rewards traders with a 50% discount for using the coin. It also powers the Binance ecosystem, while being traded on other exchanges as well.

Binance (BNB) is spiking: what's next?

It is reaching new highs, do you think it will continue to rise?


I think it will continue to rise and will stand the test of time as good long term investment. You list all the reason above, also the vision/adaptation that CZ has for that company is unmatched. Took profit on it and waiting for a pull back to try and re-enter. The sats value on it was at ATH so had to take profits.