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Ferro Protocol pool LCRO-WCRO rewards?

$TACO presents: TacoBuyBot, TacoWaterfall and TacoMonitor! Bot ad income is spent for buy-backs | Launch with 0 initial LP, MEV bot protection, funds are stored directly in the contract, no DEX fees, buy/sell directly on BSCScan | Join the SURGE Protocol now!

How worried are you about being hacked and having your wallet drained?

X7 Finance and Xchange DEX

Showcase your favorite chain Dapps, DEXs, and more!

r/BitcoinSee Post

What funding sources for BISQ/DEX avoid KYC?

Due Dilligence <> MBD

Empower Your Community with $AllIn: AI-Powered Tools for Maximum Engagement and Real Value.

FTX proves CEX’s arent safe, heres why.

r/BitcoinSee Post

What are the existential risks for Bitcoin pre-hyperbitcoinization?

Spot/Ampl Eight Week Update

Canto, the "public goods" blockchain. Innovative or Insane?

r/CryptoCurrencySee Post

Is This DEX a scam???

r/CryptoMarketsSee Post

[AMA] We are Fluid Finance - A Swiss based financial alternative. On- and off-ramp directly to your web3 wallet, without using an exchange. Ask us anything about our app, savings products, our DEX and our plans for the future!

r/CryptoMarketsSee Post

Dexalot DEX launches first hybrid subnet for trades on Avalanche

[AMA] We are Fluid Finance - A Swiss based financial alternative. On- and off-ramp directly to your web3 wallet, without using an exchange. Ask us anything about our app, savings products, our DEX and our plans for the future!

r/CryptoCurrencySee Post

[AMA] We are Fluid Finance - A Swiss based financial alternative. On- and off-ramp directly to your web3 wallet, without using an exchange. Ask us anything about our app, savings products, our DEX and our plans for the future!

r/CryptoMarketsSee Post

$BTC market Ideas on Trading View what are your thoughts?

Foxy Shiba on DeFi innovation that creates benefits and value for $FShiba token holders

Can Market Manipulation be Prevented?

r/CryptoMoonShotsSee Post

Darwin Protocol is rewriting Tokenomics from the ground up, introducing TOKENOMICS 2.0 | DarwinDrop now LIVE, adding utility at launch!

AVAX and Trader Joe Staking

How to create and manage a secret stash?

SwapDEX - Decentralized Limit-Order DEX, NFT Marketplace and much more

Are you Reporting Transaction on DEX or NON-KYC?

Any good automatic spot trading platform/bots [looking for advice]

Borzoi Inu - Decentralized wolfhound living on the BSC | Low MC, Long Snout Watch - Price & Portfolio Tracker BSC Token New Utility Coin

Trade Crypto Futures with Covo Finance DEX

r/CryptoCurrencySee Post

Doesn't Arbitrage bot reduce impermanent loss, thus good for LP providers?

Cardano DEX To List Djed Pair

r/CryptoCurrencySee Post

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum

Cross Chain DEX Maya Protocol to Launch March 7 via CoinTelegraph

r/CryptoCurrencySee Post

Which blockchain did you genuinely enjoy using?

Exchanges that allow margin or futures trading for US customers

r/CryptoCurrencySee Post

Exchanges that allow margin or futures trading for US customers

r/CryptoCurrencySee Post

SOLANA's Wormhole Hacker Strikes Again: $155 Million Worth of ETH Moved to DEX

r/CryptoCurrencySee Post

JUNO (cosmos) DEX not working, funds locked up. Need new DEX..

r/CryptoMoonShotsSee Post

Space Taco Token (TACO) - Unruggable LP, MEV Bot protected, No DEX transaction fees, Buy/Sell tokens directly on BSCScan! First charity themed meme token using the new Surge Protocol on BNB Chain!

r/CryptoCurrencySee Post

[SERIOUS] DYDX is releasing $200 Million or 15% of DYDX of tokens supply in 13 days, presenting an interesting trading opportunity in the current market. $800M or almost 50% of total supply to be released total in 2023

r/CryptoCurrencySee Post

DeFi in Foreign Exchange (FOREX)

r/CryptoCurrencySee Post

Logium DEX rolls out v2 demo, invites community to stress-test the platform

r/CryptoCurrencySee Post

GMX Generates More Fees than BNB Smart Chain and Bitcoin

r/CryptoCurrencySee Post

Swap STEH or wait for the Shanghai fork?

r/CryptoCurrencySee Post

Move Over Ledger and Trezor, Meet the 1inch DEX Hardware Wallet

r/CryptoCurrencySee Post

Cosmos DEX Osmosis to Make Cross-Chain Trades More Efficient With Neon Upgrade

r/CryptoCurrencySee Post

Move Over Ledger and Trezor, Meet the 1inch DEX Hardware Wallet

r/CryptoMoonShotsSee Post

Zakujira | Whales Coin To Create More Whales | The Biggest Project Of 2023 | Zakijura has great potential as a utility token

r/CryptoMoonShotsSee Post

Zakujira - Whales Coin To Create More Whales - The Biggest Project Of 2023

r/CryptoMoonShotsSee Post

Zakujira | Whales Coin To Create More Whales. - 2023!

r/CryptoMoonShotsSee Post

Zakujira - Whales Coin To Create More Whales !

r/CryptoMoonShotsSee Post

Zakujira - Whales Coin To Create More Whales. 2023!

r/CryptoMoonShotsSee Post

Zakujira | Whales Coin To Create More Whales.

r/CryptoMoonShotsSee Post

Zakujira | Whales Coin To Create More Whales | Zakujira

r/CryptoMoonShotsSee Post

Zakujira - Whales Coin To Create More Whales

r/CryptoMoonShotsSee Post

Zakujira - Whales Coin To Create More Whales

r/CryptoCurrencySee Post

Everything you wanted and didn't want to know about Stable Coins

r/CryptoCurrencySee Post

Everything you wanted and didn't want to know about Atomic Swaps (P2P trading)

r/CryptoCurrencySee Post

Coinbase-Backed DeSo DEX Launches as World’s Fastest On-Chain Order Book Exchange - The Defiant

r/CryptoCurrencySee Post

BasicSwap DEX being improved by Particl (User Feedback)

r/CryptoCurrencySee Post

Waves DEX users panic as USDT and USDC disappear

r/CryptoMoonShotsSee Post

Space Taco Token (SRG20) - First charity themed meme token using the new Surge Protocol on BNB Chain - Unruggable LP, MEV Bot protected, No DEX transaction fees, buy tokens directly on BSCScan/Etherscan!

r/CryptoCurrencySee Post

DeFi Protocol Sushi Lays Out 2023 Plans With Focus on DEX and User Experience

r/CryptoMarketsSee Post

As Mango Markets fears bankruptcy, regulators race to charge hacker with fraud

r/CryptoCurrencySee Post

Waves DEX users panic as USDT and USDC disappear

r/CryptoCurrencySee Post

A Thoughtful Discussion on My Top 4 Coins and Why

r/CryptoMoonShotsSee Post

Space Taco Token (SRG20) - First Charity themed meme token using the Surge Protocol on BNB Chain - Unruggable LP, MEV Bot protected, No DEX transaction fees!

r/CryptoCurrencySee Post

Polkadot 🤝 Cosmos

r/CryptoMoonShotsSee Post

FCF (French Connection Finance) World's first revenue-sharing token | 66% of the FCF LLC revenue goes back to the community! Physical and virtual crypto cards available! | NON-KYC virtual cards up to 5K available! | FCFpay is now a crypto card provider for CEX, DEX, and Projects. |

r/CryptoCurrencySee Post

WIng Riders DEX On Cardano ADA BlockChain

r/CryptoMarketsSee Post

Average DEX swap gas fees with Polygon boasting an impressive $0.03

r/CryptoCurrencySee Post

SPECTRUM DEX - here's some information on upcoming IDO and how to get involved! Ergo Ecosystem.

r/CryptoMoonShotsSee Post

FCF (French Connection Finance) World's first revenue-sharing token | 66% of the FCF LLC revenue goes back to the community! | FCFpay is now a crypto card provider for CEX, DEX, and Projects. | Physical and virtual crypto cards available! | NON-KYC virtual cards up to 5K available!

r/CryptoCurrencySee Post

Chrome extension ideas for enhancing your Crypto experience on Wallets, DEX and CEX.

r/CryptoCurrencySee Post

Chrome Extension Ideas for Enhancing Your Crypto Experience on Wallets, DEX, and CEX

r/CryptoCurrencySee Post

Chrome Extension Ideas for Enhancing Your Crypto Experience on Wallets, DEX, and CEX

r/CryptoCurrencySee Post

Event Poll: Fluid Finance

r/CryptoMoonShotsSee Post

French Connection Finance (FCF)- FCFpay is now a crypto card provider for CEX, DEX, and Projects. | World's first revenue-sharing token | 66% of the FCF LLC revenue goes back to the community! | NON-KYC virtual cards up to 5K available! | Physical and virtual crypto cards available!

r/CryptoMoonShotsSee Post

Vehron - A Decentralized Financial Infrastructure - Verified Contract

r/CryptoCurrencySee Post

There's a post in Hot claiming that Algorand can do 2800 DEX TPS. But OP did not mention the misleading tactics and schemes that were used to make that claim

Kaddex: The DEX That Makes Uniswap Look Like an Antiquated Dinosaur

r/CryptoCurrencySee Post

AnyOne can check this DEX please

r/CryptoCurrencySee Post

[SERIOUS] Solana-based BONK token had went up over 4000% and today is still easily above 10x its initial price , yet has atrocious tokenomics. Only 5% of tokens are explicitly allocated(at least initially) to liquidity on the open free market.

r/CryptoMoonShotsSee Post

the gateswap dex, stealth launch on telegram with voice ama today 15:00UTC- first AI contract on bscscan! low mc and 50x easy! team is all web3 developer. open decentralized finance

r/CryptoCurrencySee Post

We're seeing an Optimism SURGE in real-time on as it moves into the 2nd place spot in our network trade count. 📈 With a 55% DEX trade increase this past week, Optimism surpassed Polygon & Ethereum in average trade count over the last 3 days with ~157,511 trades/day.🚀👀

r/CryptoCurrencySee Post

So, I asked Chat GPT 5 altcoins I should buy during the bear market. Here is the conversation:

r/CryptoMoonShotsSee Post

FCF (French Connection Finance) - | 66% of the FCF LLC revenue goes back to the community! | FCFpay is now a crypto card provider for CEX, DEX, and Projects. | World's first revenue-sharing token | | Physical and virtual crypto cards available! | NON-KYC virtual cards up to 5K available!

r/CryptoCurrencySee Post

Wojak Finance - Premier DEX on Dogechain - Swapping, Staking, and Yield Farming with high APR's!

🦑↗️ SquidGrow ↖️🦑

r/CryptoMoonShotsSee Post

French Connection Finance $FCF - | World's first revenue-sharing token | 66% of the FCF LLC revenue goes back to the community! | Physical and virtual crypto cards available! | NON-KYC virtual cards up to 5K available! | FCFpay is now a crypto card provider for CEX, DEX and Projects.

r/CryptoMoonShotsSee Post

MineFi, A New Revolutionary Way to Passively EARN, launches tomorrow on LEONICORNSWAP

r/CryptoMoonShotsSee Post

French Connection Finance - Physical and virtual crypto cards available! | NON KYC virtual cards up to 5K available! | 66% of the FCF LLC revenue goes back to the community! | World's first revenue-sharing token | FCFpay is now a crypto card provider for CEX, DEX and Projects.

r/CryptoCurrencySee Post

Let me know what you think about DexTROI - a model I created to find new promising tokens for the next cycle

r/CryptoCurrencySee Post

Let me know what you think about DexTROI - a model I created to find new promising tokens for the next cycle

r/CryptoCurrencySee Post

DeFi Protocol Sushi to Shutter Lending Product to Focus on DEX

r/CryptoCurrencySee Post

Skylex network

r/CryptoMoonShotsSee Post

French Connection Finance World's first revenue sharing token | 66% of the FCF LLC revenue goes back to the community! | FCFpay is now a crypto card provider for CEX, DEX and Projects. | Physical and virtual crypto cards available! NON KYC virtual cards up to 5K available!

r/CryptoCurrencySee Post

Who remembers the wild stories of John McAfee?

r/CryptoMarketsSee Post

2023 Blockchains: The Top Trends to Watch

r/CryptoMoonShotsSee Post

French Connection Finance World's first revenue sharing token | 66% of the FCF LLC revenue goes back to the community! | 6M MC | Crypto Payment Gateway Is Live | FCFpay has acquired the rights to issue Global crypto cards to CEX, DEX, and projects.

Mentions

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Is it enforceable? No. All development teams move to a crypto friendly country, and their will be plenty to take advantage of this modern day gold strike. Anyone could convert BTC to any coin on any DEX. So you might need a VPN. Then you stake your rewards and forget about even paying any taxes on your stake because now there is NO FUCKING KYC. And if they do try this, they will realize how fucking stupid the SEC is and capitulate within a few months.

Mentions:#BTC#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

I've been reading a lot recently on the bring forex on chain and I didn't really understand what it meant because that is exactly what a DEX does. What's all the buzz about?

Mentions:#DEX

* Relevant Cointest topics: [Monero](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero), [DEX](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dex), [Regulation](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_regulation), [Basic Attention Token](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_basic_attention_token). * Related subreddits: r/Privacy, r/Brave_Browser, r/DEX, r/PrivacyTools, r/Tor, r/I2P, r/Onions, r/Tails, r/Monero, r/DashPay. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/10sujg6/sugaryeild_sugar_coated_coins_fairlaunch_will_be/j73ljeb/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Cosmos Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Cosmos Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Strictly speaking, [Cosmos](https://v1.cosmos.network/intro) (ticker = ATOM) is a decentralized network of independent parallel Proof-of-Stake blockchains, each powered by BFT consensus algorithms like Tendermint consensus. It is seen as a network of blockchains that can scale and communicate with each other. Together with Polkadot it is seen as one of the first Generation 3 blockchains. > > The Cosmos hub is supposed to be the center of the Cosmos network and it allows the other blockchains that connect to it to use its security. Therefore other chains can focus on things they do best. This has spawned other chains focusing on privacy (Secret Network), NFTs (Stargaze) or memecoins (Chihuahua Chain). > > Cosmos operates through the [IBC] (https://www.youtube.com/watch?v=dYuTYykRhH4) (Inter-Blockchain Communication) Protocol. Blockchains that adopt this protocol are easy to link within the network and can then communicate with each other. This allows new blockchains to be easily integrated with the network and be adopted by new users. A good example of this is the rapid growing DEX [Osmosis](app.osmosis.zone). New tokens are integrated rapidly due to being integrated rapidly and the DEX allows people to start getting the tokens quickly after launch, in addition to the many [airdops](www.reddit.com/r/cosmosairdrops) that are currently happening. > > Cosmos has fully functioning on-chain governance. Every proposal has go through voting. In voting a validator votes for all its delegators. A delegator however always has the opportunity to overwrite the vote of their validator by voting on a proposal themselves. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yl2/coin_inquiries_round_cosmos_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds.

Mentions:#ATOM#BFT#DEX

The only exchange I know of is MEXC... idk of any DEX, but I'd love there to be one

Mentions:#DEX

I kinda said in my comment. Founders hold appx 90% of supply (supply that has never moved). Loads of coins were 90% to 100% premined. Hex isn't about digital freedom money. It's about doing degenerate shill gains better than the other crap out there, while also having some semblance of the things that are supposed to be important in crypto. Stuff like: trustless, audited code, no admin keys, and DEX. Yeah it's a shitcoin. But at least it does some of those basic things correctly.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Thank you for your time responding. I understand that a DEX is just a match-making service. My question revolves specifically on the KYC funding source for a transaction and the automatic end-of-year reports most of these apps generate. Bisq/Robosats funding "accounts" you can choose include Zelle, Revolut, Strike, bank account, Cashapp, etc. If the community goal is to have non-KYC activity, **how does a person consistently DCA non-KYC over time** while maintaining service with these apps? I recognize that a few transactions aren't going to be a big deal. But if the average goal is to DCA $X per week/monthlong term from Strike/Zelle/Cashapp how can you do it without triggering an audit record? As mentioned above there was a user here who made regular exchanges with Revolut as a funding source and got shut out of it after they called to inquire (even though he said they were for t-shirts). These algorithms aren't new and are standard flagging procedures to investigate any laundering. Even if an automatic trigger doesn't happen, at the end of the year you still get a tax statement with a linked bank account and record of regular withdrawls. Given that Cashapp and Strike both offer services to buy bitcoin, it's easy to recognize DCA activity and estimate your actual balance. I'm basically trying to reconcile the 2 mantras on this board for a long term future workflow. 1) DCA. 2) Non-KYC. But with all the fiat funding sources already linked to bank accounts, I sometimes wonder if it's even worth it to use a DEX and just use a safer KYC source like Swan/Strike for DCA?

Mentions:#DEX

#DeFi Con-Arguments Below is an argument written by TheTrueBlueTJ which won 3rd place in the DeFi Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published: [Here](https://www.reddit.com/r/CointestOfficial/comments/t5mmuj/general_concepts_defi_conarguments_march_2022/i9bo6f3/) > > # Intro > > I would now like to give my con arguments against using or engaging in decentralized finance (DeFi). Disclaimer: Primarily related to moons and closely related tokens, I have engaged with the DeFi ecosystem, such as with DEXes like Pancakeswap or testing out RCPSwap on the actual Reddit Arbitrum Testnet. [This comment](https://www.reddit.com/r/CointestOfficial/comments/t5mmtn/general_concepts_defi_proarguments_march_2022/) outlines my mostly positive view on DeFi. However, it also mentions something that DeFi is prone to: malicious bots. > > # Arguments > > **Sandwich attacks**: As explained in [this medium article](https://medium.com/coinmonks/defi-sandwich-attack-explain-776f6f43b2fd), sandwich attacks are a way for some malicious person to essentially front-run a user's transaction on a DEX (decentralized exchange). I have personally made the awful experience of dealing with such bots that continually monitor trading pairs on DEXes with low liquidity and prey on users making a trade that they consider valuable enough to be over a threshold to act on. Me and another user have also done some in-depth experimentation on that specific bot on Pancakeswap and come to the conclusion that they essentially never lose money, since they watch the mempool and can outbid any transaction that would cause them to be at a loss and simply pull out their "investment". The only way for them to lose money is to bait them into buying by buying yourself and being saved by slippage protection. Then waiting until they pull out after nothing happens for an hour. They would pretty much just lose the trading and transaction fees they paid. > > I think that sandwich attacks are a very bad thing for DeFi in the sense that they kind of gridlock smaller token trading pairs into discouraging users to buy. Because larger buyers notice that they are getting front-run every time, causing frustration. This essentially kills liquidity for a particular trading pair, while raking in good money from users who do not use slippage protection. Due to the nature of DeFi with emphasis on the decentralized part, nobody can really do anything against this, other than maybe validators blacklisting the addresses performing this attack. I feel like this is negative for DeFi in general and something to look out for. > > # Conclusion > > This argument kind of underlines the hypothesis that DeFi can be a wild west sometimes. Although this is what decentralization is about, these types of attacks should be mitigated or prevented somehow. Someone watching the mempool has a huge advantage over anyone else. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl3u\/general_concepts_defi_conarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_defi) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10s57jv/daily_general_discussion_february_3_2023_gmt0/).

Mentions:#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10ssdb4/make_the_russian_defi_ecosystem_number_one/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by dexe678 which won 2nd place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lxc/top_10_binance_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Mentions:#BNB#GMT#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10sqw6o/russia_makes_moves_into_defi_with_new_platform/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

Also much easier to have your coin/token on a DEX when it's small and slowly move to a CEX as the chain grows.

Mentions:#DEX#CEX

The big ones are OSMO (best DEX I've ever used), JUNO, EVMOS, SCRT, I'd say. ATOM's the safest bet but the others probably have more potential for growth (or losses). I think SCRT has a lot of potential, it's a privacy token but can be shown to regulators etc if necessary, but it's got some bumps to overcome as it matures.

Find yourself a DEX aggregator with a smooth UX. There are a few out there but #1 for me is Unizen - essentially you get the best price on your chosen digital asset from more than 90 different DEX over 7 blockchains. They don’t hinder what wallet you can connect with and it’s 100% non custodial. Just connect wallet, swap, bounce. $ZCX

Mentions:#DEX#ZCX

I've had an experience of swapping on a DEX before - swapping my altcoin to USDC, and when the swap 'went through' my altcoin was gone and the USDC didn't go to my wallet. Turns out that the hacker somehow found a way to direct everything to his wallet instead of the LP in the DEX. For a good few minutes, everyone making swaps on the DEX (the link was EXACTLY the same) just made 'donations' to the hacker's wallet, before the devs of the DEX rectified the problem. So yeah, even if you take all the precautions there's no way you don't lose money to something like that - from just a standard swap. DEXes ain't 100% safe or foolproof like OP makes it out to be (although it still is safer than losing everything on a CEX)

Literally your first line OP : “But ramping!!! It’s much harder on DeFi!!!” And you don't offer anything to rebut that? You make fun of that sentiment but ramping is legitimately THE reason why 99% of first-timers in crypto start off with a CEX rather than a DEX

Mentions:#OP#CEX#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

The fees are fairly high tbh, around 0.5% in my experience. I wouldnt go crazy using it to trade, price impact can sometimes be high too as with any DEX, but great way to safely do your DCA of DeFi tokens imo!

Mentions:#DEX

Nobody tells you that you have to use centralized exchanges, you can use DEX'es all the time if you want.

Mentions:#DEX

* Relevant Cointest topics: [Monero](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero), [DEX](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dex), [Regulation](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_regulation), [Basic Attention Token](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_basic_attention_token). * Related subreddits: r/Privacy, r/Brave_Browser, r/DEX, r/PrivacyTools, r/Tor, r/I2P, r/Onions, r/Tails, r/Monero, r/DashPay. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10smyrh/metamask_unveils_new_privacy_features_for_crypto/j727teq/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

You may wanna look into Kyber Swap - it was the last piece of the puzzle missing for me to on-ramp directly to DeFi. I'm sure there's other options, but I really like it. Its a cross chain DEX/aggregator type of product. They let you purchase with a CC direct to your metamask, etc. You can also swap/bridge cross multiple chains very easily. With nice swapping tools and clean interface. After FTX, I made it my mission to say fuck centralized exchanges. Personally KyberSwap is the only exchange I need now.

Mentions:#DEX#CC#FTX

#Tether Pro-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Tether, criticized but stable. > > &#x200B; > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > &#x200B; > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > &#x200B; > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > &#x200B; > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > &#x200B; > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuiec/top_coins_tether_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10sjc9i/russias_sberbank_plans_to_launch_defi_platform_by/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by dexe678 which won 2nd place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lxc/top_10_binance_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Mentions:#BNB#GMT#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Study history. Coinbase carries nation state risk that will eventually spell their doom. If they aren't insolvent now, they will be. Its only a matter of time. Atomic swaps, DEX, DeFi, privacy coins are the way forward for anyone who wants to maintain any wealth thru this satanic reset agenda.

Mentions:#DEX

Have you heard of CICchain? Well, this is pretty new project, launched 2022. Anyways, Im super bullish about $CIC. Its Hybrid #L1 #blockchain www.cicchain.net They have Mainnet, staking and own DEX live. Few projects launched already, SaaS company is building. #DAO in test phase. It should be launched anytime soon. Launchpad, ChartTool, Locker and Bridge next. And much more to come; L2E platform, own cex, cicpay etc. And its only 800k MCap #CIC is also #ISO20022 compliant and They have Solved #Crypto Trilemma. #CICchain

Mentions:#DEX#DAO

Well, this is pretty new project, launched 2022. Anyways, Im super bullish about $CIC. Its Hybrid #L1 #blockchain www.cicchain.net They Mainnet, staking and DEX LIVE. Few projects launched already. SaaS company is building. #DAO in test phase. Launchpad, ChartTool, Locker and Bridge next. And its only 800k MCap Its also #ISO20022 compliant and They Solved #Crypto Trilemma. #CICchain

Mentions:#DEX#DAO

Is there any CEX or DEX or defi platform that allows you to trade or even farm moons?

Mentions:#CEX#DEX

Will somebody tell OP that exists plenty of BTC/stable coins pairs? And also, there are a lot of more CEXs besides Binance, if Binance stop fiat withdrawals just go to another one… or use Bisq DEX… maybe if everyone would use Bisq kinda DEXs, CEX would just cease to exists and none of this would be a problem in the first place…

#DeFi Con-Arguments Below is an argument written by TheTrueBlueTJ which won 3rd place in the DeFi Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published: [Here](https://www.reddit.com/r/CointestOfficial/comments/t5mmuj/general_concepts_defi_conarguments_march_2022/i9bo6f3/) > > # Intro > > I would now like to give my con arguments against using or engaging in decentralized finance (DeFi). Disclaimer: Primarily related to moons and closely related tokens, I have engaged with the DeFi ecosystem, such as with DEXes like Pancakeswap or testing out RCPSwap on the actual Reddit Arbitrum Testnet. [This comment](https://www.reddit.com/r/CointestOfficial/comments/t5mmtn/general_concepts_defi_proarguments_march_2022/) outlines my mostly positive view on DeFi. However, it also mentions something that DeFi is prone to: malicious bots. > > # Arguments > > **Sandwich attacks**: As explained in [this medium article](https://medium.com/coinmonks/defi-sandwich-attack-explain-776f6f43b2fd), sandwich attacks are a way for some malicious person to essentially front-run a user's transaction on a DEX (decentralized exchange). I have personally made the awful experience of dealing with such bots that continually monitor trading pairs on DEXes with low liquidity and prey on users making a trade that they consider valuable enough to be over a threshold to act on. Me and another user have also done some in-depth experimentation on that specific bot on Pancakeswap and come to the conclusion that they essentially never lose money, since they watch the mempool and can outbid any transaction that would cause them to be at a loss and simply pull out their "investment". The only way for them to lose money is to bait them into buying by buying yourself and being saved by slippage protection. Then waiting until they pull out after nothing happens for an hour. They would pretty much just lose the trading and transaction fees they paid. > > I think that sandwich attacks are a very bad thing for DeFi in the sense that they kind of gridlock smaller token trading pairs into discouraging users to buy. Because larger buyers notice that they are getting front-run every time, causing frustration. This essentially kills liquidity for a particular trading pair, while raking in good money from users who do not use slippage protection. Due to the nature of DeFi with emphasis on the decentralized part, nobody can really do anything against this, other than maybe validators blacklisting the addresses performing this attack. I feel like this is negative for DeFi in general and something to look out for. > > # Conclusion > > This argument kind of underlines the hypothesis that DeFi can be a wild west sometimes. Although this is what decentralization is about, these types of attacks should be mitigated or prevented somehow. Someone watching the mempool has a huge advantage over anyone else. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl3u\/general_concepts_defi_conarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_defi) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).

Mentions:#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/10s1z3c/the_future_of_defi_how_decentralized_finance_is/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Tether Pro-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Tether, criticized but stable. > > &#x200B; > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > &#x200B; > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > &#x200B; > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > &#x200B; > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > &#x200B; > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuiec/top_coins_tether_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

#Tether Pro-Arguments Below is an argument written by Nostalg33k which won 3rd place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Tether, criticized but stable. > > &#x200B; > > Tether is always the bane of all jokes. USDT despite some problems of transparency is still the best stablecoin. Let's dive in. > > &#x200B; > > # What is a USDT or Tether: A Stablecoin > > While we argue about USDT maybe you need a reminder: USDT is a cryptocurrency (it is on blockchains and works through these digital un-modifiable ledgers) and its value is correlated to a currency which is the dollar. Therefore the name Stablecoin. While this cointest is about Tether, you need to understand the advantages of stablecoins. > > While we are waiting for a cointest about stablecoins as a whole, here is the jist of it. > > 1) Stablecoins allow you to trade without returning to your fiat. > > Stablecoins are a way to circumvent profit declarations. Trading crypto is already complicated as it is, trading crypto is very fast paced and trading crypto relies on stablecoins. The reliance on stablecoin is due to taxable events: Selling a part of your folio for fiat leads to a taxable event. If you are not planning to put money out or to try to get your losses written as a loss (which may backfire later but you do you) then you should rely on stablecoins. Trading in a USDT pair does not (yet) create a taxable event. So go yolo out there ! > > 2) Fast paced liquidity which is digitally managed by a blockchain. > > Stablecoins have the advantages of being highly liquid and being secured by blockchain. > > 3) Swapping for a stable dollar value on your Ledger. > > If you are a fan of DEX, these platform do not have a fiat ramp, so if you want to go back to a dollar valued coin which is not suffering from unstable market conditions => stablecoins. > > # The main argument is liquidity. > > While trust in Tether is lacking, anyone knows that you can transit by Tether without risking a depeg. Users have seen UST and other stable coins crumble while Tether stays standing. With a daily volume close to its circulating supply, you can trust USDT if you have to buy it or sell it. Some will be sold and bought as you need it. > > [The data of this stablecoin is showing that you can trust it](https://coinmarketcap.com/currencies/tether/) > > # The backbone of the industry. > > If you want to support the Crypto industry as a whole, USDT is the stablecoin to hold. By holding USDC you are propping up Coinbase and Bitcoin, by holding BUSD you are propping up Binance. USDT is universal right now. It is the common stablecoin which is on all platforms. Yes it has links with bitfinex but it is more generalized than other stablecoins. > > &#x200B; > > # Nice Staking rates for small bag holders. > > A lot of platforms such as [Binance](https://www.binance.com/en/earn/usdt) offer good rates for staking USDT. Which means that you can be paid for supporting the crypto industry as a whole. This staking is safer than other cryptos since your main investment stays pegged to the dollar which has been shown to be the ultimate commodity in our inflationary cycle. > > &#x200B; > > # Tether like any crypto can be sent from a user to another. > > USDT can be your way to send money to your friend. USDT is free to move (you still have to pay the blockchain fees). This part can be a way to on-ramp your friend into the crypto ecosystem. You can send them some money on their newly created wallet and show them the way stablecoins work. > > &#x200B; > > # Conclusion: Advantages of a stablecoin and of market domination makes Tether the best one. > > Often people are speaking about USDT saying it should crumble under its own weight. They don't realize that the volume of USDT is so high that a large part of the market cap is actually exchanging hands. If tomorrow 20 billions or more are slashed directly from people's pockets this would create the biggest bloodbath in crypto history. Tether has become to huge to fail and its liquidity makes it the best one for users. > > It has all the advantages of a stablecoin and you should be able to trust it. It has existed for nearly 10 years and will surely exist for 10 years more ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuiec/top_coins_tether_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.

* Relevant Cointest topics: [Monero](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero), [DEX](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dex), [Regulation](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_regulation), [Basic Attention Token](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_basic_attention_token). * Related subreddits: r/Privacy, r/Brave_Browser, r/DEX, r/PrivacyTools, r/Tor, r/I2P, r/Onions, r/Tails, r/Monero, r/DashPay. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10s0es0/metamask_adds_new_wallet_settings_but_is_it/j6yr3jd/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by dexe678 which won 2nd place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lxc/top_10_binance_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Mentions:#BNB#GMT#DEX

#Binance Coin Pro-Arguments Below is an argument written by dexe678 which won 2nd place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lxc/top_10_binance_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Mentions:#BNB#GMT#DEX

#Cosmos Pro-Arguments Below is an argument written by Shippior which won 2nd place in the Cosmos Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Strictly speaking, [Cosmos](https://v1.cosmos.network/intro) (ticker = ATOM) is a decentralized network of independent parallel Proof-of-Stake blockchains, each powered by BFT consensus algorithms like Tendermint consensus. It is seen as a network of blockchains that can scale and communicate with each other. Together with Polkadot it is seen as one of the first Generation 3 blockchains. > > The Cosmos hub is supposed to be the center of the Cosmos network and it allows the other blockchains that connect to it to use its security. Therefore other chains can focus on things they do best. This has spawned other chains focusing on privacy (Secret Network), NFTs (Stargaze) or memecoins (Chihuahua Chain). > > Cosmos operates through the [IBC] (https://www.youtube.com/watch?v=dYuTYykRhH4) (Inter-Blockchain Communication) Protocol. Blockchains that adopt this protocol are easy to link within the network and can then communicate with each other. This allows new blockchains to be easily integrated with the network and be adopted by new users. A good example of this is the rapid growing DEX [Osmosis](app.osmosis.zone). New tokens are integrated rapidly due to being integrated rapidly and the DEX allows people to start getting the tokens quickly after launch, in addition to the many [airdops](www.reddit.com/r/cosmosairdrops) that are currently happening. > > Cosmos has fully functioning on-chain governance. Every proposal has go through voting. In voting a validator votes for all its delegators. A delegator however always has the opportunity to overwrite the vote of their validator by voting on a proposal themselves. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yl2/coin_inquiries_round_cosmos_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) to find arguments on this topic in other rounds.

Mentions:#ATOM#BFT#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10rum1j/solana_defi_protocol_everlend_shuts_down_over/j6xo3sa/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

#DeFi Con-Arguments Below is an argument written by TheTrueBlueTJ which won 3rd place in the DeFi Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published: [Here](https://www.reddit.com/r/CointestOfficial/comments/t5mmuj/general_concepts_defi_conarguments_march_2022/i9bo6f3/) > > # Intro > > I would now like to give my con arguments against using or engaging in decentralized finance (DeFi). Disclaimer: Primarily related to moons and closely related tokens, I have engaged with the DeFi ecosystem, such as with DEXes like Pancakeswap or testing out RCPSwap on the actual Reddit Arbitrum Testnet. [This comment](https://www.reddit.com/r/CointestOfficial/comments/t5mmtn/general_concepts_defi_proarguments_march_2022/) outlines my mostly positive view on DeFi. However, it also mentions something that DeFi is prone to: malicious bots. > > # Arguments > > **Sandwich attacks**: As explained in [this medium article](https://medium.com/coinmonks/defi-sandwich-attack-explain-776f6f43b2fd), sandwich attacks are a way for some malicious person to essentially front-run a user's transaction on a DEX (decentralized exchange). I have personally made the awful experience of dealing with such bots that continually monitor trading pairs on DEXes with low liquidity and prey on users making a trade that they consider valuable enough to be over a threshold to act on. Me and another user have also done some in-depth experimentation on that specific bot on Pancakeswap and come to the conclusion that they essentially never lose money, since they watch the mempool and can outbid any transaction that would cause them to be at a loss and simply pull out their "investment". The only way for them to lose money is to bait them into buying by buying yourself and being saved by slippage protection. Then waiting until they pull out after nothing happens for an hour. They would pretty much just lose the trading and transaction fees they paid. > > I think that sandwich attacks are a very bad thing for DeFi in the sense that they kind of gridlock smaller token trading pairs into discouraging users to buy. Because larger buyers notice that they are getting front-run every time, causing frustration. This essentially kills liquidity for a particular trading pair, while raking in good money from users who do not use slippage protection. Due to the nature of DeFi with emphasis on the decentralized part, nobody can really do anything against this, other than maybe validators blacklisting the addresses performing this attack. I feel like this is negative for DeFi in general and something to look out for. > > # Conclusion > > This argument kind of underlines the hypothesis that DeFi can be a wild west sometimes. Although this is what decentralization is about, these types of attacks should be mitigated or prevented somehow. Someone watching the mempool has a huge advantage over anyone else. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl3u\/general_concepts_defi_conarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_defi) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10ralbq/daily_general_discussion_february_2_2023_gmt0/).

Mentions:#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum). * Official and related subreddits: r/DeFi, r/DEX, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/10rpexo/solanabased_defi_protocol_everlend_announces_shut/j6x1csv/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

How do I recover Moons and send them to DEX from my current account

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og29w6/comment/he4x6yb/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 15.06.2022 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Pros > > **IT IS BACKED BY BINANCE** > > Binance Coin is maintained by Binance, a cryptocurrency giant. Binance is currently the biggest cryptocurrency exchange in the world. Its transaction volume is [roughly 6 times higher](https://www.statista.com/statistics/864738/leading-cryptocurrency-exchanges-traders/) on average than that of Coinbase. Binance makes sure that BNB finds more and more utility within their ecosystem. > > Backing of such a massive company should give investors a lot of confidence even though Binance is lately under an intensified regulatory scrutiny. But the company declares that it is doing its best to comply with all the regulations. They're working on a stricter KYC and they’re also expanding the legal and compliance teams by hiring many experts in the field. > > The co-operation between Binance and regulators was demonstrated when the exchange [limited its services for people from Russia](https://www.binance.com/en/support/announcement/4887e569afdf4b1e89e024371d3a49b9). > > **IT GIVES YOU DISCOUNTS ON BINANCE** > > One of the reasons why Binance is so popular is the fact that their [transaction fees are among the lowest](https://www.binance.com/en/support/faq/115000583311). Users pay just 0.1% for most popular types of trades, whereas on e.g. Coinbase (Pro) it’s 5 times more – [0.5%](https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees). One of the benefits of BNB is making those fees even lower – by as much as 25%. **Using BNB to pay for transaction fees can save you up to 1/4 of your money** on transactions. It’s a big incentive to hold some BNB. > > **IT IS DEFLATIONARY** > > In 2021, Binance implemented two important changes to BNB burning mechanism. > > First, [Bruno Upgrade v1.1.5](https://www.binance.org/en/blog/binance-smart-chain-bruno-upgrade-v1-1-5/) took place on 30 November. It introduced real-time burning mechanism. It is similar to [ETH London Upgrade](https://medium.com/@eric.conner/fixing-the-ethereum-fee-market-eip-1559-9109f1c1814b) \- some of the gas fee collected by validators is burned. As of 15 June 2022, [more than 90 000 BNB were burned](https://twitter.com/BurnBNB). > > Furthermore, on 23 December 2021, Binance announced and implemented **BNB** **Auto-Burn** protocol. It replaces quarterly burns which were based on the profits Binance made (they committed 20% of their profit to buy back BNB and then burn it. There were [17 quarterly burns](https://www.binance.com/en/blog/ecosystem/17th-bnb-burn-%7C-quarterly-highlights-and-insights-from-cz-421499824684902908)). Now, the process is automated, which makes it more transparent and predictable. The core idea has not been changed, however, the process will stop when the number of BNB coins in circulation is lower than 100 million. > > **MANY TRADING PAIRS, STAKING, FARMING AND OTHER USES** > > As an official coin of Binance, BNB also offers a **multitude of trading pairs**. All transactions made with BNB are lightning **fast and secure** since it’s based on one of the most secure blockchains – Ethereum. > > There are also many options of **staking** BNB on Binance for a very good APY or participating in **Launchpools** (farming new tokens) and **Launchpads** (Initial Exchange Offerings (IEO) - buying new tokens). > > BNB is **accepted by some service providers**, e.g. HTC, trip.io, travala.com, BitTorrent or PureVPN. > > Last but not least, BNB can be used to convert “leftovers”. Very often when you sell a coin, a very small amount of it is left in your wallet. On Binance, you can **convert small amounts of coins** (called “dust”) into BNB. > > **TWO BLOCKCHAINS THAT WORK SIMULTANEOUSLY** > > BNB operates on two chains, the above mentioned **Binance Chain** and **Binance Smart Chain** (BSC) which was launched in September 2020. While Binance Chain is responsible for transactions made on Binance DEX, BSC was designed specifically for smart contracts, DeFi and dApps. It quickly became **one of the biggest blockchains**. It is compatible with Ethereum allowing other projects to transfer easily from ETH to BSC and escape high gas fees on ETH. > > This dual blockchain approach combined with the **Proof of Staked Authority** consensus algorithm (a mix of share proof and authority proof) makes it much more scalable than Ethereum and enables faster and cheaper transactions. While Ethereum runs around 9 000 nodes/validators (before the software bug back in the end of August 2021), BSC needs only 21 validators. > > It is also worth pointing out that Binance allocated $100 million for projects that launch on BSC. > > **DECENTRALIZATION AT ALL COST?** > > The main argument against BNB is that it is centralized. And it’s impossible to deny the fact that BNB indeed is centralized compared to Ethereum and many other projects. But every stick has two ends. This is what Changpeng Zhao, Binance CEO, has to say about (de)centralization: > > [Many people think of decentralization as absolute; you are either decentralized or not. I think that in reality, there is a gradient scale from centralization to decentralized. Often, a better question is: how decentralized should we (exchanges, societies) be, now and in the future? If decentralization simply increases freedom but decreases security and ease-of-use, there is a point where it becomes a net negative, and may not be worth it.](https://www.binance.com/en/blog/from-cz/cz-on-centralization-vs-decentralization-301982828007075840) > > If decentralization is also about freedom of choice, then maybe being able to choose a centralized blockchain(s) should be accepted. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Additional sources:)** > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Great question! Our DEX is to allow users who on-ramp through us to be able to go into the crypto world with on-chain DUSD. Before users would have to go through a DUSD/eth pool and then go to another DEX. We wanted to make the process much simpler for people to use. Of course, we'd love people and projects to create more DUSD pairs on uniswap, sushiswap etc :)

Mentions:#DEX#DUSD

* Relevant Cointest topics: [Monero](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero), [DEX](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_dex), [Regulation](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_regulation), [Basic Attention Token](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_basic_attention_token). * Related subreddits: r/Privacy, r/Brave_Browser, r/DEX, r/PrivacyTools, r/Tor, r/I2P, r/Onions, r/Tails, r/Monero, r/DashPay. * Sort comments as controversial first by [clicking here](/r/CryptoCurrency/comments/10rk6nh/eu_chat_control_law_will_ban_open_source_os_linux/j6w1jw9/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

So to finish /u/Jive_Turk's Q: I Someone trades BTC for stable coin on a DEX for more than what they acquired it. No 1099 forms. PART I = They must file CGT II Afterward swaps those stable coins for USD, there's no gain. Still no 1099 forms. PART II = no taxes are due.

They are so close to offering staking. Once they do… jeez it will be pretty great, with the wallet, on-ramp and off-ramp, DEX, liquidity pools, NFTs, GameStop partnership, Gemini protocol partnership, etc…

Mentions:#DEX

#Polygon Pro-Arguments Below is an argument written by randomFrenchDeadbeat which won 3rd place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > In addition to the arguments from Deathblade1313: L2 networks need both liquidities and activity to show their worth; and they need to show resilience, and fees that do not go through the roof when activity spikes. As far as liquidity and activity goes, big mining pools like ethermine offer the possibility to have mining rewards on polygon instead of mainnet. This allows small time miners to get their reward every day, on a network that will not require a week worth of mining in transfer fees, It also creates a lot of liquidity and activity; people who mine are going to receive their wrapped ethereum or other crypto, and then invest it or convert it to another tokee on polygon, They can also cash out easily, which can be a concern with L2s : I use binance, but I guess other DEX offer the possibility too. Binance allow transfering matic to the polygon network for 0.1matic, and can receive matic for pretty much nothing. To cash out, convert the mining reward or any token in matic, transfer it to a dex, then convert it to whatever token can be loaded on their debit card, or sell it for fiat and get that money out. Finally, resilience and fee stability. There are spikes in network usage, but fees never skyrocketed. They sure are higher than at the start, but this was done to counter the work of some people that wanted this L2 to fail by trying to saturate the chain with transactions that would not cost them a cent. It still is pretty low. My worst cost was around 0,03 matic, so about 5cents, for a smart contract interaction during a spike. Compare that to the 200$ ethereum fee for a simple transaction during a spike too... ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds.

Mentions:#DEX

#Binance Coin Pro-Arguments Below is an argument written by dexe678 which won 2nd place in the Binance Coin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My pro arguments for BNB are that, first of all, it's a must-have in your portfolio if you're using Binance: > > \- BNB vault : where you can stake your BNB for a small APY (0.35% currently), but once a new launchpool starts, you'll start accumulating new token available there. The APY is, since I joined Binance, pretty nice, I would say around 5-10%. With the launchpool, you'll receive those new tokens, and as every crypto, they can boom or get doomed :) . > > \- Launchpad : basically, let you buy new token before they get listed on Binance at a discount price. Last one was Stepn (GMT token), where you could buy the token for around $0.01. When GMT token was listed, price was around 0.15 so if you sold at that time, you already did a 1500% profit. Now sitting at 0.72, +7200%. You need to hold a high amount of BNB to benefit the more of this program, as only a portion of your BNB can be used to purchase those tokens in the launchpad program. So the more BNB you hold, the more return you'll make with this. > > \-Binance Card : Binance offers a Visa card, with cashback up to 8% on every purchase you make with the card. Once again, the more BNB you hold, the more cashback you can get, eg. if you hold 1 BNB, you'll be eligible for 2% cashback, 10 BNB offers 3%. To get 8%, you'll have to hold 600 BNB. The cashback you'll get will be paid in BNB, which you can hold to try to get an higher level of cashback, and have more to participate to the next launchpad/launchpool, or just swap/convert it to your preferred crypto. > > Binance pay : it lets you pay for good and services with your BNB, eg. pay for an hotel or even send money to a friend. > > \-Fees: if you have some BNB in your SPOT account, you can pay for every fees when you make an order with BNB, and save 25% on fees. > > \-dust convert : it let you convert any dust amount of crypto you might have after trading or withdrawing to your preferred wallet to BNB. Fees apply obviously, but at least you can do something with those 2 cents of xxx tokens instead of leaving them on your spot account. Since you pay your trading fees with BNB, those few cents cumulated can maybe be used to pay for the fees of your next order. > > > Now those are pretty cool, but what if you're not using Binance? > > Well, since its launch in 2017, BNB has been on the rise. In about 5 years, it is around 1,000,000% up. The real rise happened last year during the bull market, when on January 1st 2021, its price was sitting around $38 and went up to $686.31 in 2021 may (info from coingecko). Now we know how the market was last year, with a pretty good start of the year, a fall in may-august, then an uptrend until November, and a fall again. Even with all those events, BNB had performed very well, and managed to climb to the 3rd spot of cryptocurrencies by market cap (stable coin excluded). It has been pretty stable and is holding his seat pretty well since then unlike some other top 10 crypto. > > Last be not least, BNB can be used on DEX, Pancake swap being the preferred option there, where you can use your BNB and swap them for any token available there. Swap fees, transfer fees will be paid in BNB as BNB is the native token of the BNB chain. Fees are pretty low though. BNB is supported on a variety of wallet like Ledger, Trezor, Metamask or Trust wallet. With the last one, you have also the possibility to stake your BNB directly from the wallet. > > Thank you for coming to my Ted talk about BNB. Now, I'm gonna copy and send this to Binance and expect them to reward me generously :) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2lxc/top_10_binance_coin_proarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds.

Mentions:#BNB#GMT#DEX

#DEX Con-Arguments Below is an argument written by Shippior which won 3rd place in the DEX Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Not friendly for beginners. The use of a Decentralized exchange (DEX) requires not only intensive knowledge of how blockchains work (in the end they do not have customer support to help you with a transaction that is stuck) to make sure that the DEX they use is indeed a real DEX and not a scam (legitimicy) but it is also required to have intensive market price knowledge to make sure that the trade is fair. > > As transactions are not performed by a central authority but are operated by the blockchain the transactions are naturally less fast in a DEX than in a Centralized exchange (CEX). > > Liquidity pools and automate market makers are two of the methods most often used by DEXs. Liquidity pools are easy to use but have to major drawbacks. > > Although liquidity pool DEX are the most widely used, they may have some drawbacks. The most common problems of liquidity pool DEXes are price slippage and front running. > > Price slippage occurs because of the AMM (Automated Market Makers) nature itself — the larger the deal, the stronger impact it has on the price. For example, if the constant product AMM is in use, every deal must keep the product xy = k constant, where x and y are quantities of two cryptocurrencies (or tokens) in the pool. So the larger is the input amount Δx, the lower is the final ratio y / x that gives an exchange price. The problem is mostly significant for large deals or small liquidity pools. > > Front running is a special type of attack in public blockchains when some participant (usually a miner) seeing an upcoming trading transaction puts his own transaction ahead (playing with a transaction fee for example), making the initial transaction less profitable or even reverted. > > With the large number of DEXs popping up the liquidity of a DEX also becomes an issue as the available liquidity will be spread out through more DEXs (scalability). This can result in low liquidity in a DEX which will result in worse trades for the user. This is not an issue for a CEX as they have the availability of all the funds that are located on the CEX whereas a DEX has no own funds. > > Also moving forward as a DEX is rather difficult (upgradeability). DEXs that do not have a central entity are forced to either implement governance to move forward, making the useage of a DEX even more complex, or be forced to not enhance and thereby losing their market share as CEXs and centralized DEXs improve. Or a DEX has a central identity to upgrade the platform and therefore the users lose some privacy. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfos3j/rcc_cointest_general_concepts_dex_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10qprda/monthly_optimists_discussion_february_2023/).

Mentions:#DEX#CEX#AMM

#DEX Pro-Arguments Below is an argument written by a deleted user which won 2nd place in the DEX Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [deleted] ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfornf/rcc_cointest_general_concepts_dex_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds.

Mentions:#DEX

* Relevant Cointest topics: [Uniswap](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_uniswap), [Ethereum](https://www.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum) * Related subreddits: r/DEX, r/DeFi, r/UniSwap, r/Pancakeswap, r/SushiSwap, r/Bisq, r/JustSwap. * Sort comments as controversial first by [clicking here](/r/CryptoMarkets/comments/10r6dgo/ama_we_are_fluid_finance_a_swiss_based_financial/?sort=controversial). Doesn't work on mobile.

Mentions:#DEX

DEX {{pros}} & {{cons}} and related info are in the collapsed comments below. Pros and cons will change for every new post.

Mentions:#DEX

#DEX Con-Arguments Below is an argument written by Shippior which won 3rd place in the DEX Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Not friendly for beginners. The use of a Decentralized exchange (DEX) requires not only intensive knowledge of how blockchains work (in the end they do not have customer support to help you with a transaction that is stuck) to make sure that the DEX they use is indeed a real DEX and not a scam (legitimicy) but it is also required to have intensive market price knowledge to make sure that the trade is fair. > > As transactions are not performed by a central authority but are operated by the blockchain the transactions are naturally less fast in a DEX than in a Centralized exchange (CEX). > > Liquidity pools and automate market makers are two of the methods most often used by DEXs. Liquidity pools are easy to use but have to major drawbacks. > > Although liquidity pool DEX are the most widely used, they may have some drawbacks. The most common problems of liquidity pool DEXes are price slippage and front running. > > Price slippage occurs because of the AMM (Automated Market Makers) nature itself — the larger the deal, the stronger impact it has on the price. For example, if the constant product AMM is in use, every deal must keep the product xy = k constant, where x and y are quantities of two cryptocurrencies (or tokens) in the pool. So the larger is the input amount Δx, the lower is the final ratio y / x that gives an exchange price. The problem is mostly significant for large deals or small liquidity pools. > > Front running is a special type of attack in public blockchains when some participant (usually a miner) seeing an upcoming trading transaction puts his own transaction ahead (playing with a transaction fee for example), making the initial transaction less profitable or even reverted. > > With the large number of DEXs popping up the liquidity of a DEX also becomes an issue as the available liquidity will be spread out through more DEXs (scalability). This can result in low liquidity in a DEX which will result in worse trades for the user. This is not an issue for a CEX as they have the availability of all the funds that are located on the CEX whereas a DEX has no own funds. > > Also moving forward as a DEX is rather difficult (upgradeability). DEXs that do not have a central entity are forced to either implement governance to move forward, making the useage of a DEX even more complex, or be forced to not enhance and thereby losing their market share as CEXs and centralized DEXs improve. Or a DEX has a central identity to upgrade the platform and therefore the users lose some privacy. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfos3j/rcc_cointest_general_concepts_dex_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10qprda/monthly_optimists_discussion_february_2023/).

Mentions:#DEX#CEX#AMM

#DEX Pro-Arguments Below is an argument written by DaddySkates which won 3rd place in the DEX Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > DEX Pro Arguments > > To start of what is DEX? Decentralized exchanges or to put it short DEX are cryptocurrency exchanges that allow for direct p2p cryptocurrency transactions to take place online in a secure environment without any need for third party intermediary. > > But why are they good? > > - DEX allows us to have use and swap coins freely without any intermediary > > - DEX have no-one to take the fees so they are far cheaper than CEX > > - If you want to use a CEX you need KYC in most cases. With DEX you dont. > > - Not your keys not your coins? DEX allows you to keep your coins exactly where you want them. > > - Its a goldmine for more under the radar cryptocurrencies who are still in early developement > > - DEX offer high returns on staking and providing liquidity ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/pfornf/rcc_cointest_general_concepts_dex_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_DEX) to find arguments on this topic in other rounds.

Mentions:#DEX#CEX