Binance exchange, which created its own platform by making a quick entry into the fan token area, recently announced the Porto Fan Token. As it is known, the first project, Lazio Fan Token, attracted a great deal of attention and was traded at a price 100 times higher than the sales price.
For the new project, Porto Fan Token, users' BNB balances in their accounts will be checked between 6-16 November, and then BNBs will have to be locked on the date and time announced on the Launchpad page.
Binance Coin Market Cap Exceeds $100 Billion
Binance Coin is on the verge of reaching a new all time high. The market value of Binance Coin (BNB), the cryptocurrency of Binance, the world's largest cryptocurrency exchange by volume, exceeded $ 100 billion for the first time since May 12. Thus, the BNB token came very close to its record market value of $ 108 billion. Binance Coin hit an all-time high of $686 on May 10. According to CoinMarketCap, the BNB token has gained 17% in the past week and is currently trading at $617.
In the same month, Binance launched a $1 billion fund to support the Binance Smart Chain ecosystem.
JPMorgan: Ethereum is Superior to Bitcoin
JPMorgan believes that Ether will continue to outperform Bitcoin. In its latest report, the US mega bank JPMorgan revealed the main reasons why Ethereum has an advantage over Bitcoin. Analyst Nikolaos Panigirtzoglou noted that the second largest blockchain is at the forefront of decentralized finance. According to data provided by DeFiPulse, the total value locked in Ethereum-based DeFi projects has exceeded $106 billion. Panigirtzoglou pointed out that Bitcoin, which acts as a hedge against inflation, grows in a low interest environment that exposes the risks of the financial system.
On November 3, Ether reached its current all-time high of $4,674. On the other hand, Bitcoin continues to trade around $62k since reaching its peak of $67,276.
Tom Montag, the senior operations manager of the Bank of America, which is among the giant American banks that are slowly starting to warm up to the crypto money universe, spoke at the blockchain data platform Chainalysis event held in New York and drew attention with his positive statements about cryptocurrencies.
Tom Montag, operations manager at one of the largest US banks, Bank of America, which also founded a cryptocurrency research unit last month, spoke at an organization organized by Chainalysis, saying that he does not see cryptocurrencies as a competitor to banks, or even as any asset that people value. stated. Montag said, "We have to be part of the system. It makes sense to me that cryptocurrencies are the global asset custody."
Stating that banks should also benefit from the technological leap and that they should not see this situation as a factor that will bring them negativity, Montag used the following statements:
“There will be fewer errors in systems. That's why, as banks, we need to make the best use of this technology, take advantage of it, and become a part of the system."
Fan tokens will always have a future because there will always be uses. In addition, Porto has a strong fan base.