Is #BNB Going to Zero? Very Important Facts You Should Know
With so much talk about whether or not #BNB will go down to zero due to its similarities with FTT, this article looks at some very important facts you should know before making any decisions about your investments including its status as an exchange token, the launch of the new Binance Smart Chain (BSC), and how much money is held in reserve by #Binance itself
Dec. 24, 2022 4:59AM
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A picture showing a graph depicting the price movements of both FTT and BNB over time
With the recent rise of FTT, many people are asking if BNB is going to zero. It’s a valid question given the similarities between the two tokens. However, there are some key differences that should be taken into consideration before making any decisions. First and foremost, BNB is an exchange token while FTT is a governance token. This means that BNB holders have access to exclusive discounts on trading fees when using Binance Exchange, while FTT holders can vote on proposals for protocol changes and receive rewards from network fees generated by transactions. Another important factor to consider is the recently launched Binance Smart Chain (BSC). The BSC has been designed as a parallel blockchain with its own native cryptocurrency called BNB-20 which can be used for various purposes such as staking and paying transaction fees. This means that even if the price of BNB were to go down, users would still be able to benefit from holding their coins in order to take advantage of these features. Finally, it’s worth noting that there are currently over $2 billion worth of #BNB held in reserve by #Binance itself. This shows how confident they are in their product and serves as a sign of security for investors who may be worried about their holdings going down in value. All things considered, it seems unlikely that #BNB will go all the way down to zero anytime soon. However, investors should always do their own research before investing in any asset or cryptocurrency and make sure they understand all associated risks involved before committing any funds.