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Messages - neptunemutual

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Binance Smart Chain + Ecosystem / Re: top upcomming project on Binance Smart Chain

« on: May 30, 2021, 12:44:03 PM »

I mean, we are one of the upcoming projects on Binance Smart Chain.

https://neptunemutual.com

But we will let the community decide if we will be considered as "Top BSC Project" or not.

Binance Smart Chain + Ecosystem / Re: One Million BNB Burned today.

« on: May 30, 2021, 12:41:07 PM »

Quote from: Freemind on April 26, 2021, 02:45:32 PM

What Binance does with BNB is something that many projects should do. Binance continues to build a project within an ecosystem while simultaneously burning coins to avoid inflation and make the asset gain value, there is no better way to grow a project, and that should be known to all projects with billions or an infinite supply on the market.

(newbie here, we tend to think alike a lot)

Absolutely agreed. Because they are constantly innovating and creating new "use cases" for BNB. Once, all you could use BNB for was to get discounts. And then gradually, it got added to some payment apps, and then you could spend BNB from credit card. But the release of Binance Smart Chain gave BNB a massive utility as it has now become the "fuel" to run blockchain transactions. CZ, Binance, and team are seemingly doing the right thing (for BNB holders) from my perspective. They are not only burning a portion of BNB supply yearly but they are providing 50% gas subsidy to projects (Binance BUILDR rewards) who build on Binance Smart Chain.

Binance Smart Chain + Ecosystem / Re: Don't trust easily all BSC tokens

« on: May 30, 2021, 12:34:52 PM »

Quote from: Freemind on April 27, 2021, 06:59:51 PM

Do not believe in any project no matter what chain it is on, BSC is not perfect of course and there are also scams. We always have to read the project documentation, social networks, articles, seek the experience of the team members and much more.I will never tire of repeating it, DYOR, does not matter in which chain the projects work.

Precisely. There are projects that promise but can't deliver, and there are others that can deliver but can't get the word out there. Everything boils down to how a project is seen by members of the community at large. Proper research on the likelihood that a team will be able to deliver a solution is vital.

It's because ICOs are mostly ideas. In my opinion, a project's long-term success is based on how well it can meet its original goals while still giving itself room for improvement.

Binance Smart Chain + Ecosystem / Re: Binance Smart Chain has a very Solid Community !!!

« on: May 30, 2021, 12:26:57 PM »

Quote from: jonathancool220 on May 08, 2021, 07:55:15 AM

I admit that the Binance Smart Chain is really a differentiator from the various altcoins that are able to compete with Ethereum for Smart contracts which are in the erc20 token type.
Binance Smart Chain has a mission to defeat Ethereum's glory because so many tokens are in the path of smarctcontracts erc20. Dammnn !
I also like the various events that come from Binance Smart Chain and it gives a better advantage over Ethereum with ERC20.

Yes. Being an Ethereum developer, I have witnessed sour feeling towards EVM-compatible blockchains shown by some community members. IMHO, the most important thing users care about is ease of using any blockchain to achieve the things they want to achieve. If using Binance Smart Chain helps users reduce their transaction fees by 100-500 times, Binance Smart Chain will grow. I believe Ethereum devs too have their hands tied as they can't sacrifice decentralization for cheaper transactions. On the other hand, Binance Smart Chain has successfully capitalized on the fact and have proposed a "practical" solution.

Binance Smart Chain + Ecosystem / Re: $50M reportedly stolen from BSC-based Uranium Finance

« on: May 30, 2021, 12:18:52 PM »

Quote from: Freemind on May 25, 2021, 11:06:01 AM

Quote from: neocrypto90 on May 25, 2021, 01:00:05 AM
Such a big thing will harm BSC network and Binance project, I think even if the market is recovering a little bit, these kind of news will dump the market again.

Although news like this always damages the reputation of cryptocurrencies in general, I do not believe that Binance is responsible for what users do with their products. As far as I know, Uranium Finance is not owned by Binance, Uranium Finance is using the Binance chain, which is very different. Therefore, Binance has no responsibility in this case.

Completely agreed. Furthermore, to Binance's credit, in some cases, Binance successfully recovered hacked/stolen funds from attackers to return to the victims. The Binance Smart Chain is just a tool, what people do using that tool is completely out of hand of Binance.

Binance Smart Chain + Ecosystem / Re: From Ethereum to Binance Smart Chain

« on: May 30, 2021, 12:09:56 PM »

My friends and I have been involved in the Ethereum community for a number of years now. A basic Uniswap swap now costs over $400 in transaction fees, transferring ERC-20 tokens is $50+, and deploying a simple smart contract is over $1200. This is because the gas price has skyrocketed.

Polygon, Binance Smart Chain, and other EVM-compatible chains have grown popular with developers because of their speed and affordability. Some projects can't afford to pay till this problem is addressed.