Post
Topic
Board Speculation (Altcoins)
Re: Binance Coin losing its Value, What will happen to Public Funds
by
o48o
on 29/11/2022, 12:51:53 UTC
All exchange coins are scam imo. It doesn’t matter if the issuer is binance or ftx. The idea is always the same. Ripping the exchange users off.

Why do they need these coins anyway? If it is a cheap solution they seek, There are hundreds of alts that are cheap. Doge and LTC are cheap and pretty safe.

The thing is, they need something they can control its supply which means they can pump and dump on you. They can’t do that with these old alts but they can manipulate you with these exchange tokens.
This pump & dump scheme applies to any coin or token that has big enough whales, especially on doge which you mentioned that has one unknown wallet with 28.10% of the coins. So i wouldn't be comparing BNB to that of all coins.

Also, even in LTC 6 addresses own 15.59% of the circulating supply. And may i remind you that time when Charlie Lee (the creator of LTC) dumped everything at the top of the bullrun?

I mean i see what you mean and you have a point with evenly distrubuted supply, but as you compared exchange tokens to these to as alternatives, i just had to point these issues out.