Binance Coin Vs. Altcoins: BNB Has More Use Cases Than Other Cryptos, Says Binance CEO Changpeng Zhao

One of the most important features a digital asset should have is use cases.

Binance CEO Changpeng Zhao (CZ) was recently live on Periscope, and he addressed some of the hot topics of the moment such as the confusion involving the coin delisting on Binance and the BNB uses cases.

The delisting process on Binance

About this, he said that a coin gets delisted when the crypto project falls below the platform’s standards and it doesn’t show consistent value anymore.

The Daily Hodl reports how exactly Binance sees value:

  • If you have a large user base, you have utility value.
  • If you don’t have a large user base, you need a product.
  • If you don’t have a product and your ICO was a long time ago, that’s not a good thing.

CZ talked about the Binance Coin

CZ said that BNB is not a security; it’s a utility taken.

He made sure to highlight the fact that it probably has more use cases than most other coins in the cryptosphere.

“There’s so many places you can use BNB. I will not iterate all of them. But you can use it to buy airplane tickets, hotels. You can use it for collateral for loans. You can buy a number of things with it. We focus on increasing the utility of BNB. This is why it’s tough to calculate the value using a formula,” CZ said.

He continued and stated “I think right now the BNB token probably has more use cases than most other coins out there. And we continue to build.”

The primary goal is to expand the coin’s use cases and eventually to position BNB as the native coin on Binance DEX.

Binance offers $100k reward to users who test Binance DEX

CZ has recently announced that Binance is giving away $100,000 to users who are testing the company’s new decentralized exchange.

https://twitter.com/ReallyTrader/status/1101416624211542016

People seem to have troubles with the fact that Binance DEX is called a DEX when it’s actually not one, and they debated the issue on Twitter.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

2269 Articles

Top Exchanges
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CEX.IO

3

Website

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Coinbase

2

Website

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Binance

1

Website

Top Casinos
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7bitcasino

4.20

Website

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BitStarz

4.93

Website

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FortuneJack

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Top Sportsbook
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1xBit

4.03

Website

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Nitrogen Sports

4.73

Website

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SportBet.io

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