The 2019 year has yet to end but you might be curious about the most prospective cryptocurrency to invest. This year we have noticed tons of ICOs. Most of them are a failure. Some of them are successful. But only a few of them are growing.
The ICO rating list has shown us a fantastic number of potential cryptocurrencies to invest in. But again, you will want to focus on the good ICO rating so that you can take the advantages of the fruitful investment. Therefore, it is a great idea to see the fastest growing cryptocurrency in 2019 with good ICO rating.
One of the fastest growing cryptocurrencies is Binance Coin (BNB). However, it is a bit different from Litecoin or Bitcoin which proclaims the project focus on currencies. The Binance coin does make a name in the ICO list. It has such fantastic ICO rating.
Binance coin is the utility token. That means the users will only use it in the Binance ecosystem. Binance’s CEO is Changpeng Zhao. He and his team have managed to make the Binance coin a success. The good fact about Binance coin is that it comes with fruitful liquidity. It is one of the most prevalent cryptocurrencies nowadays and the growing volume of the Binance coin is marvelous. Although experts see this as volatile coin, it has seen significant growth in the 2019 year.
Back then before attaining good ICO rating, the project founder issued 200,000,000 BNB through the successful ICO. Back then, a Binance coin cost $0.10. There are trading fee discounts to the BNB holders.
The users can even start taking advantages from the early years. In the first year, the BNB holders will get 50% discounts, then they attain 25% discounts in the second year, the third year for 12.5%, 6.75% in the fourth, and so on. The Binance Exchange will also make use of 20% of the profits each quarter to buy back BNB coins.
Although there were 200,000,000 BNB at first, the project will reduce the coins by half by buying back the tokens until the cap reaches 100,000,000 BNB.
There is also a decentralized exchange created by a BNB developer. Its name is ‘Binance DEX’. With this exchange, the users will be able to use the BNB maximally. In the long run, it will be a fruitful experience for both the investors and project developers.
It is undeniable that Binance is one of the world’s fastest-growing cryptocurrencies in 2019. The Binance Coin is a core currency that the users leverage for transactions. They use the Binance coin to pay for the transactions in the BNB DEX. That explains why experts claimed that the trade volume of Binance Coin has been very big. The good news is that there is no sign of stopping so that it can make a great investment option for you as well. Adding it to your portfolio is also a great idea. If you are an avid crypto fan, you should not miss this.
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