Venture Investor: Binance is Systemically Important To Crypto

2019-2-24 23:33

Binance Chain Is Paramount To BNB

It isn’t a secret that Binance has been ‘popping off’ recently. Over recent weeks and months, the popular cryptocurrency exchange has embarked on a number of notable ventures, allowing its in-house crypto asset, BNB, to surge higher.

Yet, some have begun to question the long-term viability of the cryptocurrency, especially as the Malta-registered Binance will continue to diminish the reward structure for holders of BNB on its flagship exchange. Kyle Samani, the managing partner of blockchain investment group Multicoin Capital, however, says that the upstart is well on its way to ensuring that there is long-term demand (meaning value) for BNB. He broke down his thoughts in a recent Twitter thread.

0/ Thread

Today I'm excited to share Multicoin Capital's analysis and valuation on Binance coin $BNB ! It's available in English, Chinese, Korean, and Japanese

Disclosure: we're long BNBhttps://t.co/U7i85NDDfY

cc @cz_binance @binance @BinanceLabs

— Kyle Samani (@KyleSamani) February 19, 2019

He remarked that the long run vision of Binance is to see “all value” in its expansive (and rapidly growing) ecosystem “accrue to BNB directly.” Binance’s in-house blockchain and decentralized exchange, named Chain and DEX respectively, is purported to be “the first step in that direction.”

Samani remarked that while platforms based on 0x technology have failed, due to fees regarding canceling orders and the lack of “deterministic order execution,” Chain solves all this. Chain’s crypto exchange will offer “lower” fees than Binance’s flagship exchange, even while its UX, trading speed, and other facets somewhat match its centralized counterpart. In other words, “Binance is aiming to disrupt itself before someone else does.” Thus, Samani concluded:

The long term vision is for all value to accrue to BNB and the amount of effort Binance is putting into Binance chain, the opportunity for BNB becomes clear. BNB has an absolutely massive opportunity ahead of it.

The investor added that from his firm’s perspective, Binance remains the most “systemically important organization in crypto, bar none,” drawing attention to the company’s vast array of facets, positive reputation, and notable profits (even a so-called “nuclear winter”). Samani added that with the crypto-focused startup also looking to launch a fiat on-ramp, security token exchanges through Maltese regulators, among other arms, “the opportunity [that has been] set is massive.”

While it may sound like the Multicoin representative’s comments could be somewhat speculative, Changpeng Zhao of Binance lauded the thread. Retweeting the thread, the crypto insider even called it “almost scary,” drawing attention to how accurate the fund’s comments and noticings were.

Samani’s Crypto Expectations For 2019

The Multicoin managing partner’s recent thread on BNB comes weeks after he sat down with Business Insider, a world-renowned business news outlet, to discuss his crypto expectations for 2019. Per previous reports from Ethereum World News, Samani told reporters that well-funded, high-potential blockchains will pose a threat to Ethereum’s supremacy. The Multicoin executive noted that Cosmos and the a16z-backed Dfinity, two projects that found their roots in 2017, could make a move on Ethereum as the go-to platform for smart contract development and deployment in 2019. Samani added that he expects for the percentage of total blockchain developers working on the long-standing platform to shrink, especially as 2019 elapses.

Title Image Courtesy of Marco Verch Via Flickr

The post Venture Investor: Binance is Systemically Important To Crypto appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 10.09 (-100%)

binance venture investor systemically important crypto number

binance venture → Результатов: 36


Чанпэнг Чжао: события вокруг QuadrigaCX становятся все более подозрительными

Невероятные события на QuadrigaCX в  своем интервью с изданием Venture Coinist недавно отметил и генеральный директор Binance, Чанпэнг Чжао, в контексте обсуждения безопасности хранения средств на криптобиржах.

2019-2-14 18:25


This Berlin Startup is Disrupting Traditional VC Funding Through Tokenised Equity

Traditional venture capital (VC) funding is often plagued with long and complicated processes, making it difficult for company founders to connect with investors. For one company, that is creating the world’s first decentralised stock exchange in conjunction with Binance and the Malta Stock Exchange, it doesn’t have to be that way.

2018-7-31 01:00


Фото:

Binance and Neufund to Build First Decentralized Stock Exchange

In a joint venture to build the world’s first decentralized stock exchange, Binance partnered with Neufund and MSX — the recently launched subsidiary of the Malta Stock Exchange. Aiming to create the first “regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets”, the trio’s move marks Malta’s latest foray into […] The post Binance and Neufund to Build First Decentralized Stock Exchange appeared first on CryptoSlate.

2018-7-23 20:00


Binance and Pantera Capital Among Investors as Oasis Labs Raises $45 Million

Oasis Labs has announced that it has raised $45 million to develop its privacy-focused decentralized cloud computing platform. In a press release published on July 9, the startup revealed that it had raised the funding from over 10 investors who were pooled from various industries including venture capital and hardware manufacturing. Among the more prominent […]

2018-7-13 18:00


Фото:

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad […] The post Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears appeared first on Bitcoin News.

2018-6-20 13:13