Putting your money in an investment is something you have put some critical thinking onto before you do anything in a rush. Some investment are just not worth it and if not careful you will be fool and enticed into buying worthless crypto currencies. A good crypto currency is something that is well adopted and has higher chances of growing further in value as a result of its demand in the market.
Binance coin also known as BNB is a crypto currency which we are going to look and see how good and profitable it can be?
What is BNB coin?
It is a BEP2 token which was released in 2017 and it was running on the Ethereum blockchain but it later changed from being an ERC-20 token and is now running on Binance chain and no longer run on Ethereum blockchain. It is used for shopping on online merchants and is used for paying trading fees when sending AWC-986 on Atomic wallet and on the Binance exchanger as well. From 2017 is has grown and is gaining recognition and managed to reach an all-time high price of $39 in 2019 yet when it was released it has risen from its low price of $0.10 with a capitalization of $10 million and to date has managed to get its self in the top 10 on the market.
How to get BNB?
It uses Proof or Work and cannot be mined and validators are paid for staking their BNB coins. Another way of earning BNB coin is through trading it on exchangers e.ge on binance.com or on Binance Dex you can trade it against other crypto currencies or you can buy it using wire transfers or through credit cards.
Other BNB feature
Trust
BNB crypto currency was released by a well trusted crypto currency exchanger binance.com and has been there so some time and has offered great quality services to its clients, therefore BNB token has benefited from this and is very well trusted amongst other crypto.
Fast transactions
Almost every crypto currency now thrives to make their coin beat other coins when it comes to faster transactions therefore being fast is now just an added advantage to the BNB, it processes its transactions faster that’s why it’s used by merchants online.
Liquidity
Liquidity is an important factors as coins which are liquid are the most favorable because you will not go through hard times trying to dispose your coins. BNB coins on daily basis it produces turnovers of approximately $160 million which makes it very liquid and therefore higher chances of going higher.
Conclusion
If you had so much doubts on the BNB token like I used to, you better have second thoughts. I later on researched on it and I found great things about it and it possibility to make you rich. It has great features and is worth investing on.
BNB is good investment but since the price has gone very high, I will go for AWC token as it has the features to push it higher. More info concerning AWC - https://atomicwallet.io/token