Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: Dbc23 on February 05, 2022, 05:44:44 PM
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
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I think you should think the opposite: investing in BNB is investing in the BSC platform. We know many projects in the BSC ecosystem, many successful projects and many failed projects and the fate of those projects does not have much effect on the price of BNB. Investing in BNB is safe and offers greater returns.
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
Sir, you have to first read some info on BSC and BNB. BNB is the coin based on BSC and BSC is a smart chain like there are different for different coins like for Matic there is Polygon.
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If you investing in the BNB, you are investing in the BSC. BNB is the coin for the BSC. Before you invest in any project you have to know much about the project. This question asked shows that you have not really done a study about the project.
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You mean investing the project that use binance smart chain network? Of course it is like investing coins but they are not following the movement of BNB. It really depends to the project, if you found a good project then chances that you can make huge profit in the future.. Just do your own research the project before to invest because there are many scam projects out there so be careful..
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BNB and Smarcontracts are definitely very different.
Please do your own research on these smart contracts so you don't lose the value of your Fiat.
It's better to be wise in the beginning to invest because our money is our future asset and this is our main opportunity to be able to save at BNB.
BNB is the parent coin for blockchain types from Binance Smart Chain or BEP20 and Smartcontracts are token types with the working settings provided by BNB.
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Before investing in BNB coins or buying BNB coins, first make sure that we already have a strong enough value for our savings because the fluctuations in BNB prices change so quickly and it is very difficult to stabilize prices.
If the OP doesn't have a strong mentality then don't buy BNB so quickly without a mature mind and broad insight into basic learning of cryptocurrencies. Remember , do with your own risk if you forced for buying BNB !
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No, BNB and BSC tokens are diferent. BNB is the coin. But BSC is one of the networks of blockchains such as ERC20 (Ethereum network), TRC20 (TRX network ), and others.
But the value is not similar to BNB. So better to evaluate and analyze every BSC token that you wnat to invest because it is not following BNB coin price and value
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If given the choice, I would invest in BNB instead of any other BEP20 tokens. BNB is the leader of the whole ecosystem, its value is supported by the entire ecosystem. The development of the ecosystem only received a small impact from the growth of BNB price.
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No, BNB and BSC tokens are diferent. BNB is the coin. But BSC is one of the networks of blockchains such as ERC20 (Ethereum network), TRC20 (TRX network ), and others.
But the value is not similar to BNB. So better to evaluate and analyze every BSC token that you wnat to invest because it is not following BNB coin price and value
agreed, BNB is tokens , and binance smart chain is Blockchain.
Both are different thing, not similar.
BNB is mother of BSC.
BNB also have exchange, binance
Bo worries about Binance, It's the big exchange and has good Tema behind their team.
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Correct me if I’m wrong, but I think BNB has 3 chains which are:
1. BEP20 (also known as Binance Smart Chain)
2. BEP2 (also known as Binance Beacon Chain)
3. ERC20 (under the Ethereum network)
Also I think other blockchains such as Solana and Polkadot are also having their own version of BNB in their respective chains.
When you say investing in BSC, either we can refer to BSC-type BNB or altcoins under the BSC network.
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BNB is the best coin of crypto market after BTC and ETH, It's has 3 or 4 rank of crryptomarkt. A few altcoins always do not follow the Bitcoin trend. So it's normal behavior that a few altcoins always will pump even during dump season. Sometimes projects manipulate the price or there would be upcoming events as well that pump the price. But always we can't make money from there because we don't know which coin will be the pump. I just follow some coins and take advantage during bear season.
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The best project that could be invested in, you can invest in another project, it is also very attractive. These are two projects that will only grow today. If you decide to invest, these two projects are suitable for this.
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If you mean BNB coins on the BSC network, then the price will be the same as existing BNB coins like WBNB.
the price will be the same because the value is based on the original wrapped coin. so don't worry, make sure you see the address of the existing contract by looking at CMC
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BSc is a Blockchain. Bnb his coin. It is like ethereum. B.Sc is very popular for cheap fees. And investing in it is a very good opportunity for the investor.
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In my opinion, the price of BNB and BSC is the same, the only difference is that BSC is a smart contract network that can be used to carry out projects on the BSC network, while the prices for BNB and BSC are the same.
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NO.
BNB coin is a coin issued by Binance and this is a great coin with its utility and also fundamental.
On the other hand, BSC tokens are issued by certain developers that use the BSC network. This is like the ERC20 tokens on Ethereum network. BSC tokens may be worthy but mostly also shit tokens. Be careful when going to invest in the BSC tokens, do your own analysis.
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No, BNB and BSC tokens are diferent. BNB is the coin. But BSC is one of the networks of blockchains such as ERC20 (Ethereum network), TRC20 (TRX network ), and others.
But the value is not similar to BNB. So better to evaluate and analyze every BSC token that you wnat to invest because it is not following BNB coin price and value
good comment, I agree with you mate
BNB is coin.
BSC is smart contract platform.
two different thing.
I think OP should learn about smart contract and coins.
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thats true, BNB is coin and as mother of BSC.
Because we know BSC is just smart contract platform BEP20 such as other, ERC20, TRC20 etc..
Investing in BNB, you buy and hold your BNB coin.
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
No I think both are different thing. BNB is coin and BSC is platform.
But both from binance.
I think BSC will be the best platform that will compete to Ethereum and others.
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I myself think that these are two different products, even the price of these products is different. In popularity, they are not inferior to the Ether project, everything is connected due to the high transaction in the Ether network.
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
No. it is different. BNB and also tokens on BSC are different things. BNB is issued by Binance itself. But BSC tokens are only tokens created using the BSC network by Binance. Everyone can create their own token on BSC, but this doesn't mean the value is the same with BNB. So far away to think about this. BNB is mostly worth, but BSC tkens, not all of them are worthy and valuable.
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Lol that is so close unlike trofi with amazing features like investing, earn+ , and the most of all it gives high APY which will make you massive profit imagine staking with 400 APR
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BNB is a proprietary token of Binance Smart Chain Platform.Currently, the price of the token of this platform has decreased due to the decrease in the price of all the coins in the crypto currency market.But I think that this platform for investment namely Binance Smart Chain platform tokens are most in demand.Moreover, this platform is currently one of the most popular platforms among crypto currency traders
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
Sir, you have to first read some info on BSC and BNB. BNB is the coin based on BSC and BSC is a smart chain like there are different for different coins like for Matic there is Polygon.
You're right, BSC is platform. BNB is coin that based on BSC platform.
I think OP should have knowledge what different between coin and platform.
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No, it is not similar, BSC is a Binance Smart Chain where a lot of projects are running, and many scams and shitcoin projects are also running on that chain so that is risky, but BNB is a coin, that is the best coin for investing.
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
I agree with several opinions from member here . We must know what is BSC and BNB.
BSC is platform and BNB is coin that based on binance smart chain.
Two different thing, let me know.
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Never think that BNB is similar to all BSC tokens. This is exactly different. So investing in the BSC doesn't mean similar to BNB. BNBis a worthy coin created by Binance, a top exchange in the crypto world. But BSC tokens are only tokens created in the Binance SMart Chain network, everybody can create such token
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Never think that BNB is similar to all BSC tokens. This is exactly different. So investing in the BSC doesn't mean similar to BNB. BNBis a worthy coin created by Binance, a top exchange in the crypto world. But BSC tokens are only tokens created in the Binance SMart Chain network, everybody can create such token
Yeah, I agree with you.
Invest in BNB, we all know BNB is binance coin.
But BSC tokens are the tokens that based on binance smart chain.
It's different.
there are many BSC tokens.
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Never think that BNB is similar to all BSC tokens. This is exactly different. So investing in the BSC doesn't mean similar to BNB. BNBis a worthy coin created by Binance, a top exchange in the crypto world. But BSC tokens are only tokens created in the Binance SMart Chain network, everybody can create such token
Yeah, I agree with you.
Invest in BNB, we all know BNB is binance coin.
But BSC tokens are the tokens that based on binance smart chain.
It's different.
there are many BSC tokens.
Yes, many still can't tell the difference and it seems that not all of them want to understand it and get used to terms that sometimes can be understood by others.
but all will understand in time and can accept the explanation in more detail that the colleague above has described.
two tokens that are definitely different, which are different but can become one entity in the network that has been provided by the BSC, but the BSC network is very wide and until now it is a very promising choice.
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Investing in BSC and investing in BNB are not the same thing. BNB is a coin whose own network is the Binance chain. BSC on the other hand is a network. This BSC network's coin is wrapped BNB. Currently many crypto projects and dex exchanges are based on this network.
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Investing in BSC and investing in BNB are not the same thing. BNB is a coin whose own network is the Binance chain. BSC on the other hand is a network. This BSC network's coin is wrapped BNB. Currently many crypto projects and dex exchanges are based on this network.
Yes that's right, both have different networks but the price is the same, now BNb is popular because the BSC chain is faster than its predecessor, namely Ethereum.
I think the OP needs to look at some of the differences in wallet addresses between the two networks so as not to make the wrong transfer transaction if he plans to invest in BNB on the Binance smart chain network
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Investing in BSC and investing in BNB are not the same thing. BNB is a coin whose own network is the Binance chain. BSC on the other hand is a network. This BSC network's coin is wrapped BNB. Currently many crypto projects and dex exchanges are based on this network.
so I understand better now, so BNB and BSC are different even though the price can be said to be 1:1, so it's better to invest BNB instead of BSC,
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let's make a little statement bnb is the altcoin bsc is the blockchain on which it runs, invest in bep-20 tokens? i don't know i prefer to invest in bnb its tokens are unstable in value
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I was just wondering if i invest in binance smart contract is it similar to investing in the coin and if bnb goes up will it also affect the smart chain network or are there operating differently?
I'm confusing about your question.
BNB is binance coin, and binance smart chain is platform that has been used by many projects.
I think you should explain about it detaily. What you mean.
BNB coins or BSC coin/tokens.
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let's make a little statement bnb is the altcoin bsc is the blockchain on which it runs, invest in bep-20 tokens? i don't know i prefer to invest in bnb its tokens are unstable in value
everyone is happy with BNB, we know that BNB has surprised with a significant increase in 2021 and most likely when entering the bull market it will happen again and maybe the increase will be more than before.
Don't hesitate to invest in BNB and I encourage you to do that if you have extra funds.
at the moment all altcoins are really not good and it's only natural that you really doubt that friend but it will end soon and you need to be patient.
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BNB has made a lot of progress during this time, and showed the whole market what the #DevelopmentTeam is aiming at.