Hello everyone, I am Sanfei. With the increasing expectations of the Ethereum ETF passing, ETH rose by 20% overnight last night. Congratulations to ETH holders for finally getting a wave of gains after being beaten for half a year.

Today Sanfei is thinking about a question, that is, if the ETF is really passed, there will be more new users in the future. Which coin should be recommended to new friends? This question seems simple, but it actually involves the following aspects:

First, it cannot be too expensive, which basically excludes BTC and ETH, because new users are unlikely to bring a lot of money to go all-in, and not everyone can afford to buy 6-digit Bitcoin and 5-digit Ethereum;

Second, the decline must be small, which can basically exclude most altcoins. Most altcoins start with a 10-point increase, which is extremely unfriendly to newcomers;

Third, there must be a good return expectation and resistance to bull and bear markets, which is even more difficult. Old leeks know that most altcoins cannot resist bull and bear markets, and they all take the path of "issuing coins" - "pulling the market" - "returning to zero". The coins that can pull the market for a long time are one in a hundred. The three fat picks in the market, and finally only one coin meets the requirements, that is BNB:

In terms of unit price, the price of 600 dollars is equivalent to more than 4,000 yuan, which is affordable for everyone;

In terms of resistance to decline, among the major mainstream currencies, BNB has always been the most resistant to decline in any cycle. In the last cycle, Bitcoin fell from 69,000 US dollars to 15,000 US dollars, a drop of more than 75%, and ETH was the same. Only BNB showed enough resilience;

As for the most important rate of return, although it seems not as good as Bitcoin and Ethereum, with the unique launchpool product, its comprehensive rate of return is not low at all. Sanfei made a statistics:

As of March 13, Binance Launchpool has launched a total of 7 projects this year. Judging from the mining APY of the past 7 Launchpools, the average rate of return brought by the price performance on the day of launch exceeded 100%, and the highest return MANTA reached 186.92%. Imagine that when you hold 100 BNB in ​​a bull market, you put them into the pool for mining with basically lying down operations, and you will get 1000u in 5-7 days, which is definitely a golden shovel in the bull market.

Mining is just one of the benefits of BNB holders. The three fat guys dare to support BNB so much, and the most important thing is its repurchase mechanism:

20% of Binance's quarterly profit will be used to buy back and destroy BNB. The destruction mechanism will continue until 50% of the total supply is destroyed, that is, it is reduced to less than 100 million BNB. The maximum number of BNB in ​​circulation is 200 million, and currently 140 million are in circulation, which means there is still 40% of destruction space.

The last time the BNB Foundation carried out the 27th quarterly destruction, a total of 1,944,452.51 BNBs were destroyed, which was equivalent to about US$1.17 billion at the time.

You can think about it, when there are only 100 million BNBs in circulation, where will BNB end?

With such a rich background, there is no shortage of funds to pull up and protect the market. There is no need to worry that the price of the currency will suddenly be cut in half. It has strong empowerment and diverse application scenarios, from deducting handling fees to mining activities to a coin that kills two birds with one stone... It is not an exaggeration to say that it is the most empowered copycat king in the currency circle. It is too friendly to novice friends. I sincerely hope that there will be more such tokens in the currency circle, rather than a bunch of concepts created by VCs.

It’s getting late, so today’s sharing ends here. Thank you for reading. If you have any projects you want to study, you can leave a message in the comment area. Sanfei usually likes to study. Let’s strive to capture the next valuable coin together. #BNB挖礦 #Launchpool‬ #ETH🔥🔥🔥🔥🔥🔥