Binance’s business prototype catapulted it to the top cryptocurrency exchange ter the world just seven months after they began the business. The crypto business has never seen such a massive evolution of a coin until now. The startup managed to become a unicorn aka billion dollar valuation ter just a few months. Binance’s 24-hour volume is around $Trio.9 billion.
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Binance managed to surpass Deutsche Bank’s quarterly profits
Binance exceeded the profits of Deutsche Canap just eight months since it wasgoed launched. Deutsche Bankgebouw ranked te a whopping $146 million ov3r the course of the very first quarter of , and Binance’s profits were about $200 million during the Q1 .
Binance has under 200 employees while the Deutsche Canap has overheen 97,000 employees. Binance’s quarterly profits are 36% higher than the ones of the handelsbank and it only has 0.2% of the DB’s employees. This wasgoed unheard of by now.
Binance releases a function that deals with the crypto dust punt
Now, Binance shocks everyone again by releasing a function that lets us eventually overeenkomst with the crypto dust kwestie. By using Binance’s BNB coin for paying fees on their exchange grants you a 50% discount on trading fees.
Binance initiated the LaunchPad
Binance began its journey spil an exchange and they provided a superior source of liquidity for crypto projects and traders, unlike the traditional exchanges that have bot operating before they launched.
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After three months since they launched, Binance initiated the LaunchPad via the breadwallet and Gifto Official Token Sales.
The LaunchPad feature wasgoed widely successful and both of the projects were funded indeed quick. Binance aims to become a decentralized exchange.
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Binance also launched Binance Labs which is their incubator/accelerator for attracting and seeding more projects within their ecosystem.
Binance’s token-based business monster is the future
All around the crypto world, there are more and more projects that are attempting to take on the traditional companies with a similar business specimen except adding a utility token at the center. More and more major companies will most likely be disrupted by the superior use of crypto tokens within the business prototype this will lead to fresh and innovative business models that couldn’t have possibly existed without blockchain technology.
Binance’s future looks amazing from all points of view and it’s part of a fresh era of token-based exchange models