Interesting. I never really understood why Binance needed an ICO to raise funds. With that team and track record they could have used conventional venture capital. They don't actually need their own token and it has no real utility.
That said, any alt coin exchange that can compete with Poloniex/Bittrex and make a move towards becoming decentralized exchange is a good thing, so happy to see them succeeding and I might be a client....but not an investor.
Appreciate your thoughts.
I really like using Binance and rank it up there w/ Bitrrex and Poloniex too.
Sure they could have done regular VC but why do that when you're a crypto company. And you can pay fees, cheaper too, w BNB for the first four years. Plus they'll be doing the burn. But you could be right. I have a small position size to account for the high risk.