Binance (BNB) gets 15% of the coins, the exponential increase continues with this new update



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Binance (BNB) Coin continues to announce a new update of the Binance LaunchPad chip sale platform. Binance coin price (BNB) at 4: oo UTC UTC on March 25, 2019 is $ 17.08. The daily trading volume is up by 14.2%. The total market capitalization of the Binance Token (BNB) is close to 2.5 billion USD.

Binance coin gained 180% from the beginning. The Binance (BNB) rise of the coin is supported by a gadget that Binance Exchange adds to crypts. In addition, the new update also received criticism of giving preference to kits and that the price of the Binance coin (BNB) rose.

Binance coin
Table BNB / USD at Coinmarketcap

Update Binance LaunchPad

Binance LaunchPad is a platform introduced by Binance Exchange to facilitate the introduction of a new crypto on its platform. The success of the LaunchPad platform is praiseworthy; The BitTorrent (BTT) token and the sale of Celer cryptoworks were completed within minutes of starting.

Huobi and Okex also launched similar platforms based on Huoba Token (HT) and OkJump Start. However, Binance manages this aspect of crypto-currency, and at the same time it is also the highest ranked w.r.t. Total volume.

The changes introduced in the launch window include the "lottery system" instead of the "first serving first" for the "new chips" published in the LaunchPad program. Users will now have to keep the Binance coin (BNB) 20 days before the start of the new token. Users will then be assigned a certain number of "lottery tickets" depending on their BNB balance in 20 days. The winner of each ticket will then receive 500 euros of slots to buy a "new crypt" on Binance LaunchPad.

The status of the BNB of each user will be recorded every day at 0:00 (UTC). In the event that the user's BNB balance will fall below the minimum required balance on any day within a 20-day period, they will be placed in the lower threshold.

Criticism against the new update

The minimum amount required to obtain a ticket is 100 BNB. At current prices it is approx. 1700 $. The new LaunchPada scheme also does not provide return, but gives the opportunity to participate in the sale of symbols. Therefore, the risk for users is significantly higher.

We also recommend that you not only hold the BNB for participation in the Binance Launchpad events. If you do not want to keep the BNB otherwise, then do not have a BNB.

The new LaunchPad scheme also makes it very difficult for small investors to participate in the LaunchPad project. That is why this step is more in favor of "whales".

In addition, the LaunchPad hysteria and ICO resemblance schemes implemented in the period 2016-2017. Exchanges have adopted an innovative approach to expanding their business. It also increases the value of the token, as its "Hodling" will increase over the long term. However, the idea of ‚Äč‚Äčintroducing a token on a significant stock market often attracts more euphoria than required.

If the new tokens continue this, what is the estimated price of Binance coins (BNB) in 2019?

Summary

Binance (BNB) gets 15% of the coins, the exponential increase continues with this new update

Article name

Binance (BNB) gets 15% of the coins, the exponential increase continues with this new update

Description

Binance (BNB) Coin continues to announce a new update of the Binance LaunchPad chip sale platform. Price Binance (BNB) coins at 4 oo hours UTC on 25 March 2019 is $ 17.08. The daily trading volume is up by 14.2%.

Author

Nivesh Rustgi

Name of the publisher

CoinGape

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Presented content may include the personal opinion of the author and is subject to market conditions. Make your own market research before investing in cryptographic. The author or publication is not responsible for your personal financial loss.


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