Binance Exchange - New Usecases for BNB Token

in #bitcoin6 years ago

Binance Exchange - New Usecases for BNB Token

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Hello steemians, I have thought about a new usecase concept that could increase the attractiveness of the Binance exchange as well as the value of BNB tokens considerably.

If u have for example 19.999 STRAT (Stratis), it is not possible to round them up at the market. But if Binance could offer a function were u could buy 0.001 STRAT against BNB this would be great to have round positions. The users would be most likely willing to accept a surcharge to the market price.

Personally, I don’t know which makes more sense, whether to wait till someone is converting 0.001 STRAT to BNB and then just link the two requests, or simply transfer them.

Another use case would be if u buy 50 EOS and want to send them to a friend for example as a gift, he would only get 49.7 EOS. But if someone could have the opportunity to buy the 50 EOS and then fill up 0.3 EOS against BNB, it would be possible to do “round up” withdrawals and because of that the recipient receives 50 EOS instead of 49.7 EOS.

Another possibility would be, that Binance offers the use of BNB as a withdrawal fee, so if u have 100 IOTA and want to withdraw them, a user can use his BNB tokens to pay the fee instead of using IOTA.

This would not only increase the attractiveness of the exchange, but also the benefit and thus the value of the BNB tokens.

I have already presented the idea to a Binance employee and I am currently waiting for feedback, but I have decided to share it publicly and would be happy if you spread this idea if you like it, so that we can use it as soon as possible in the future.

Best regards Lexicoin

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Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BNBBinance Coin15.802$9.69%25.55%
EOSEOS14.059$5.03%14.22%
MIOTAIOTA1.745$2.29%8.53%
STRATStratis4.474$2.92%-1.02%

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