For a while now, we’ve been toying with the idea of adding Binance coin (BNB) to the already substantial list of cryptocurrencies, with which you will be able to purchase securities on the Smartlands Platform (XLM, BTC, ETH, and fiat).
On Dec 4, we’ve announced a community vote on the issue. In no uncertain terms, we asked you whether adding Binance coin as a payment method on the Smartlands Platform would be beneficial for the community or have no significant impact on the future of the project.
Today, the vote is in and, almost unanimously, the community has decided to put Binance coin (BNB) on the roster of operable cryptocurrencies on the Platform. This message is to announce that we will immediately reach out to Binance and begin working on integrating BNB with the Platform.
For those familiar with the subject, BNB needs no introduction. To the less experienced crypto-investors and those who joined the Smartlands Platform community recently, a short overview might be in order.
Currently, Binance Coin ($4.89) is #13 on Coinmarketcap with a market capitalization of $640 million, although, this arithmetic barely touches upon the real value the inclusion of BNB will bring to the Smartlands community. For instance, it’s a native token on one of the biggest exchanges in the market, Binance platform and as such, BNB comes with a high level of stability. The $1 billion Binance Labs fund continues to support startups and investing in existing blockchain-focused funds globally and proactively. And let’s not forget the purchasing power of BNB across the entire consumer economy – from traveling to buying real estate. BNB is widely used for withdrawing cash via crypto ATMs and is a go-to payment method for operations on crypto-centric social networks. Naturally, the coin’s geography is global, but investors in South-East Asia and ASEAN consistently prefer BNB.
To sum, we’re thrilled that the Smartlands community had shown such overwhelming support to the inclusion of Binance Coin on the Platform and we’re confident that this act will open new horizons and create new opportunities for all concerned.