Binance Coin

How to buy jesus coin (jc) on Binance ?

Binance platform also includes a repurchase plan, under which it can use 20 percent of its profits to purchase back BNB tokens, and burn/destroy them until a maximum of 50 percent, or 100 million, BNB tokens are purchased back. Mid April-2018, the Binance team announced it completed the burn of 2,220,314 BNB tokens (approximately $30 million).

The very first year launch offer provides that a 50 percent discount on trades through Binance coin, and the discount percentage reduces by half each year. That is, that the second-year discount is 25%, the third-year discount is 12.5 percent, and the fourth-year reduction is 6.25%, with the discount finish from the fifth year onwards.

Who’s Behind the Binance Coin?

A brand new ICO is currently planned for February 25, Fetch.ai, together with all The Fetch.AI token (FET) behaving »as the medium of exchange, permitting autonomous agents to exchange tokens for information, services, and other products within the Fetch.AI system, easily supporting machine-to-machine microtransactions. »

The usage of capital generated from the sale of BNB tokens was cited in detail from the exchange’s whitepaper. 35% of total funds must be employed to maintain and upgrade the Binance platform. These costs include things like paying staff recruitment costs, training company employees, and the company’s »development budget. »

From the graph and evaluation above, it isn’t easy to determine what the appropriate strategy to undertake is when it comes to trading the BNB coin burn information. The very first burn had no impact on BNB’s cost, the second played exactly how we would expect it to (« buy the hype, sell the news »), and the third one offered off weekly prior to the event, possibly on account of the expectations, and traders taking profit ahead. However, due to the non-stop fantastic news for the exchange, it is tough to separate the impact of this news, that of the burn expectation, and only regular, independent market movement. We’d even go so far as to say that the burn has a negative effect on Binance Coin, as, by what we have witnessed so far, the expectations about a sell-off are so strong, that it becomes a self-fulfilling prophecy.

Today, the easiest way to instantly buy BNB would be to earn a market order. This means that your order will be implemented for the best possible cost that someone else is offering on the market right at that moment, which means you won’t have to input a cost manually and keep adjusting it in case that fast-moving markets keep altering the price each second. At the same time, while buying BNB, the cost is actually not that significant as you are just buying a small volume.

However, for the sake of getting in on a fantastic price, I would recommend buying Bitcoin or Litecoin so as to swap it for BNB. The liquidity for Bitcoin is the highest as observed by its everyday trading volume on Coin Market.

How to buy jesus coin (jc) on Binance ?
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