Binance Coin (BNB) Major Investment Indicator Unveiled by Analysts. CZ Responds

News
Mon, 05/25/2020 - 11:53
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Vladislav Sopov
As Bitcoin (BTC) is disappointing its holders with a drop, a hypothetical ‘alts season’ could be in the cards. Typically, BNB leads in these seasons
Binance Coin (BNB) Major Investment Indicator Unveiled by Analysts. CZ Responds
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Contents

Dowey Wan, a founding partner of the Primitive Crypto digital assets company believes that she has found a reliable metric for Binance Coin (BNB) investment prospectives.

Ask team members

Ms. Wan announced that Binance employees may be a crucial investment indicator for Binance Coin (BNB) price dynamics.

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She suggests that the number of employees who choose to be paid in Binance Coin (BNB) could say a lot about the attractiveness of investing in BNB.

The options of Bitcoin (BTC) and local fiat currency compensations should also be considered for an unbiased review.

That said, she asked Binance CEO Changpeng Zhao and the platform’s CMO Yi He about plans to release these figures.

CZ responds

Changpeng Zhao didn’t hesitate to comment on this approach and unveiled that ‘a lot’ of Binance employees get their salaries in Binance Coins (BNB).

His response was supported by the official Binance Twitter account. CZ also highlighted that he prefers to use the words ‘team members’ instead of ‘employees’. 

However, some commenters questioned this position and suggested that it might be true only in the case of additional bonuses awarded to those team members who get paid in Binance Coins (BNB).

Some other followers of Ms. Wan's account mentioned the high volatility of BNB as a primary obstacle to its usage as a compensation instrument.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)