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Top 3 Reasons To HODL Binance Coin (BNB)

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Binance Coin

After 2018 crypto winter began, everyone involved with cryptocurrencies experienced quite a difficult period. The prices were down, weak projects started failing, and even the strong ones appeared to be in more trouble than they could face. The year was especially difficult for HODLers, as they expected that the coins’ prices would continue to skyrocket. Instead, they lost a fortune, not even knowing if the prices will ever start returning to their former heights.

These days, things do not seem so bad anymore. The prices are still down, most of the coins are still at their newly-found bottoms, but smaller bull runs are improving the situation, while a massive one still remains somewhere in the future, at least according to optimists.

However, among the coins in the vast and diverse crypto market, one token stands out. Binance Coin is not exactly a typical cryptocurrency, and for many reasons. The biggest one is that it is one of the few tokens out there that does not follow Bitcoin’s lead, at least not anymore. Whether that will change in the future remains to be seen, but for now, BNB appears to be going its own way, carving its own path through the crypto market.

Its price has increased by several hundred percents since the year began, and for now, it continues to grow. As such, it is perhaps more worthy of HODLing than other coins. HODLing is still considered to be the best strategy for successful investments, and here are top 3 reasons why you should hold on to your BNB, even if you bought it back when it was much cheaper than it is right now.

1. It was created by Binance

Binance is the largest crypto exchange by trading volume in the world. This makes it the most popular exchange out there, and it serves quite a large part of the world. The exchange developed BNB to be its main token, a base for its platform, its blockchain, as well as its other projects, such as Binance Launchpad.

Lately, it appears that Binance is making all the right moves, which allowed it to reach even further and gain millions of customers. As its native coin, BNB has been extremely successful up to this point, and there is no reason to assume that this will change anytime soon.

The coin is already highly beneficial to the exchange’s customers, as it provides a massive 50% trading fee discount for those who use it. It has numerous trading pairs, and as long as Binance continues doing right by its users, it is likely that BNB will remain a star within the crypto space.

2. Binance brought fiat-crypto transactions

Converting cryptos to fiat currencies is still not an easy task to do. It’s not that it is particularly hard, but most exchanges do not allow a lot of coins to be exchanged for fiat currencies and even those that do typically go only for Bitcoin. Binance aimed to change that with its CEO, Changpeng Zhao, stating that the exchange did not offer fiat gateways, and instead, it relied on others to do that.

However, Binance wanted to change this and make it easier for fiat currencies to enter the crypto space — as long as they have regulatory approval. Back in January of this year, Binance finally did so by launching Binance Jersey — a secure, reliable exchange for exchanging GBP and EUR for Bitcoin and Ethereum in Europe and the UK.

The exchange also hopes to have at least two crypto-fiat gateways on every continent in the following years. BNB token managed to benefit from this decision as well, as the launch of an exchange that targeted specifically European markets brought even more customers to the exchange’s ecosystem, expanding its reach that much further.

3. Binance DEX

Finally, there is Binance DEX, which will run on Binance’s own blockchain. The exchange is currently developing both, with hopes of having them go live soon, potentially in 2019. Announcing a DEX has shown how advanced Binance is when it comes to planning for the future, and how confident it is in the crypto space.

As the world shifts away from centralization, Binance is leading the charge, when most other exchanges would attempt to halt this progression. This is why Binance is still the largest exchange out there, and a favorite of millions around the world.

It goes without saying that BNB will be the DEX’s native coin, and a base cryptocurrency for all transactions, likely with the same benefits as it brings on the exchange’s centralized version. As soon as the DEX goes live, people around the world will rush to it. Their first step will be the purchase of BNB, and the coin is bound to skyrocket when this happens. This is more than a good reason to buy the coin now and HODL for as long as it takes, as it is unlikely that it will stay low-valued for much longer.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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