Saved by Darren LI
Binance: A Case Study of BNB’s Success
-Tokens: With data monopolies non-existent, blockchains use network tokens as an incentive instrument that captures value for the open network.
Framework Ventures • Framework
In two years, Binance’s share of crypto trading had boomed, from 10 percent to 50 percent. It offered financial products that local regulators either had banned or had yet to approve, and the regulators did not seem willing to do much about it. Binance’s own exchange token, called BNB, was an example. BNB was to Binance what FTT was to FTX: a claim
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Then of course there is the BNB token, which could well be the secret to all of this success. BNB was introduced as a utility token with the benefit being that users could reduce the trading fees on the platform by 50% when using it, and it also offered liquidity to these customers.
Forbes • Error PageSecurity Violation (403)
