Binance Coin (BNB) Crypto Review: The Traders Coin

Binance Coin (BNB) Crypto Review: The Traders Coin

Binance (BNB) is quickly becoming one of the most popular crypto exchange platforms, and BNB is the cryptocurrency that you can use on the Binance platform which offers traders discounts when holding the BNB coins on the Binance exchange. Binance is increasing in popularity due to listing sought-after cryptocurrencies such as IOTA and Raiden.

I will be reviewing BNB as a crypto investment and will cover four key areas that I look for before investing in crypto projects.

The four highlights of the Token review will include:

* BNB- Introduction
*The Team- Who is behind the coin?
*Marketing- Do they market the coin well?
* Investment Analysis- Is this a profitable investment?

Binance Coin (BNB) Crypto Review: Introduction

Binance is among the top cryptocurrency exchanges in the crypto world it has all of the main features investors like to see in an exchange such as support for trading pairs with all of the significant coins (BTC, ETH, LTC, NEO), multiple languages, multiple device platforms, simple user interface.However, Binance does not provide fiat (e.g., US dollars). Instead, they focus solely on crypto-to-crypto trading.

The Binance Platform issued its own ERC-20 token BNB that runs on the Ethereum network. BNB provides traders with a 0.50% discount on trading fees when using the exchange for the first year and offers substantial discounts yearly for a total period of four years. Binance uses 20% of its profits to buy back and destroy BNB tokens each quarter until a total of 100 million tokens are burned. Investors could see a rise in the token valuation as the token supply dwindles and becomes more scarce.

The Binance coin has a current market cap valued at USD 204,334,202 and a circulating supply of 99,014,000 BNB tokens with a total fixed supply of 199,013,968 tokens.

The best place to purchase and store BNB tokens is on the Binance exchange itself since it allows traders to receive 0.50% discount when trading cryptocurrency pairs such as Bitcoin to Ethereum, etc.

Binance Coin (BNB) Token Review: The Team

The CEO of Binance is Changpeng Zhao he has been active in the crypto space for many years he is also the founder of BijiTech and co-founder of OKCoin a famous Bitcoin Exchange. Other notable figures include the chief marketing officer Yi He, a top cryptocurrency advisor in China and also co-founder of the OKCoin exchange.

The team has a very close relationship with NEO the popular crypto blockchain, and users of the Binance exchange can withdraw NEO and Gas for free without having to pay any extra fees, unlike other crypto exchanges.

Binance Coin (BNB) Exchange Review: Marketing Strategy

The Binance exchange markets itself quite well, in turn, helping promote its token. Binance often holds contests for top traders of specific altcoins. Binance has a large following on social media sites such as Facebook and Twitter.

The token pretty much markets itself and appeals to investors and traders primarily because of the discounts it offers and the increasing scarcity of the token.

Binance Coin (BNB) Cryptocurrency Review: Investment Analysis

The Binance coin has a utility case, and it indeed provides the incentive for investors and traders to hold the coin. However, I believe it only stands to benefit frequent users of the Binance platform. Furthermore, due to the burn rate in each quarter, I think the tokens will increase in value but not as quickly as other crypto investments could. A good possible strategy to follow might be to hold a couple of tokens on the exchange to reduce your trading fees.

(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)

Recent Reviews:

IOTA
Raiden Network
IEx.ec
Kyber
Monero
Etherparty

Po.et (POE) Crypto Review: Digital Creative Assets

Po.et (POE) Crypto Review: Digital Creative Assets

Po.et (POE) is an Ethereum-based decentralized ledger designed to track and manage ownership, attribution for creative digital media assets.The Po.et Crypto project is of particular interest to me since I write content and could use Po.et in the future to authenticate and timestamp my articles.

I already know that I would use Po.et to authenticate my content and many other publishers would also do the same but can Po.et prove to be a worthwhile investment for crypto investors? I will be reviewing Po.et as an investment and be covering key areas that I believe are essential to consider before making a considerable investment in a cryptocurrency. The critical areas that I will analyze in regards to the Po.et project will be the following:

*Introduction- What is Po.et?
* The Team- Who are they?
* Marketing Strategy- Can they market the project?
* Investment Analysis- Will investors be able to profit?

Po.et (POE) Crypto Review: Introduction

Po.et is an Ethereum-based decentralized ledger that is designed to track ownership and attribution for digital media creative assets. It allows users to create immutable and timestamped titles for authentic works and then register their holdings to the Po.et network. Po.et gives both publishers and content creators the necessary tools to automate and process licensing without relying on third parties, this simplifies the process and saves money.

POE functions as an ERC-20 Ethereum-based token that represents a share of fees and revenues obtained from the commercial apps built on top of the Po.et protocol; these include producing content licenses and processing licensing payments. So basically if you hold POE tokens you will receive a share of the network’s profits. For further information on upcoming developments, you can view the Po.et roadmap by clicking here.

The current market cap is low for a crypto project with a lot of upsides many publishers and content creators will find this platform useful. At the moment POE has a market cap of USD 15,425,860 and a current supply of 2,156,389,197 tokens and a total amount of 3,141,592,653 tokens.

Since POE is an ERC-20 based token the most accessible place to store them is on myetherewallet and the easiest exchanges to purchase and trade POE are on the KuCoin exchange or the Binance exchange.

Po.et (POE) Token Review: The Team

The core team is composed of eight individuals from various successful backgrounds some of the notable achievements from the Po.et team members include working for Apple, selling a startup to Yahoo, obtaining a P.h.D in Chemistry from the prestigious Stanford University plus many other achievements that I have not listed.

Po.et has a strong team but equally impressive is the high profile individuals backing this project. Bo Shen from Fenbushi Capital, Anthony Di Lorio ( Ethereum, Jaxx), Greg Clayman (Viacom, Fox, Vimeo) plus many other prominent individuals.

Po.et is actively hiring I believe this to be another good sign that the project is progressing.

Po.et (POE) Cryptocurrency Review: Marketing Strategy

Recognizing that they need to do a better job updating the crypto community Po.et has started to inform it’s community members about the recent developments in regards to the project.

I can tell by looking at their recent Github activity that they have been hard at work developing the Po.et platform. Sometimes crypto teams prefer to do more marketing later on once they have a working product and I believe Po.et is one of these projects. They have such a high functioning team and level of advisors from individuals in the industry that marketing will not be a problem once they get the ball rolling.

They seem to have a decent Twitter following, and you can find them on Reddit, but unfortunately the community there is not very active. For the most up to date information, their blog is useful since they update it frequently.

Po.et (POE) Blockchain Review: Investment analysis

The Team and advisors are well known and competent plus the project is unique and useful outside of the crypto world. I foresee many companies utilizing this platform shortly. Po.et will be most beneficial for long-term holders 2018-2019 as they should see lots of significant developments that will likely increase the valuation of the token price.

Right now might be an excellent time to accumulate POE while it’s trading under a penny as the valuation could easily grow within the next few months.

(As always please do your research before investing in crypto projects this review is my own opinion and is not meant to be taken as investment advice.)

Recent Reviews:

Kyber Network
Raiden
LBRY Credits
BAT
Request Network