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In the race of gaining supremacy in the cryptocurrency market, Binance Coin (BNB) Tron (TRX) has suddenly overthrown the Tron (TRX) just in a couple of days. Binance Coin (BNB) which is the native token of the leading exchange by volume overthrew Tron (TRX) after it gained price by 11.35% on the 1st of March 2019.
Binance Coin (BNB) headway into the mist of top 10
The price increase has given Binance (BNB) a space in the mist of top 10 leaders in the cryptocurrency table, the reason behind the sudden and obvious price gain can be attached to the latest release of the Binance Launchpad.
Tron (TRX) was not the first to be overthrown by BNB as Bitcoin SV (BSV) also faced its supremacy on CMC on the 6th of Feb. 2019 after a $2.53 price gain.
Token rewards offered by Binance
Binance cryptocurrency Exchange Company offers rewards for testing its new decentralized trading platform known as Binance DEX. Binance DEX is known as great main marketing strategy that is enhancing the price rise of Binance Coin (BNB).
The announcement of the token reward was made known by the CEO of Binance exchange, CZ Binance, in a tweet on February 28.
In the tweet, the CZ informed users to test their newly launched trade platform, claiming that the testing will eventually grant users Binance Coin (BNB) as reward.
“To test the hell out of @Binance_DEX, we are giving away roughly $100,000 USD equivalent, in REAL $BNB, as reward for our testnet trading competition. Come and join the fun, and help us launch the mainnet faster!,” CZ noted.
More elaborate description of the Binance DEX was made available by Binance in a blog post in the course of simulating a trading competition scheduled to commence on 7th of March to 21st of March 2019. Read an extraction of the blog post below:
“All users who hold at least 1 real BNB on their Binance account will be eligible to participate in this Binance DEX Simulated Trading Competition. Each Binance.com account is able to register a maximum of 20 Binance Chain addresses and will receive 200 virtual testnet BNB tokens to each address to use as their starting funds before the Binance DEX trading competition begins.”
Before a race of supremacy can be won, there must be good thinkers and new inventions in place. In this regard, Binance Coin (BNB) is really paying the price as its sudden overthrow of Tron (TRX) and others in the cryptocurrency market is not by accident but with a strategic and outstanding approach.