Post
Topic
Board Altcoin Discussion
Re: Binance owns 82.69% of BNB
by
Jackl87
on 27/10/2021, 06:19:55 UTC
Hello,

My question is knowing that binance holds more than 83% of BNB how trustworthy or long term BNB can be? i seen coins with much less percentage held by devs fall to 0, so how is BNB any different?

First of all it should be clear that binance is now owning all of those 83% percent of bnb. I guess that are just all the bnb that are somehow connected to the exchange like for trading or from users that have staked them on the platform.
That being said i have never been a big Fan of binance and cz as they are just getting to powerful and it is never good for a space if one player gets to strong and is dominating all the other companies. Binance is also not really decentralized which was the reason why cryptos were invented in the first place.