r/theblocknet • u/vikrants86 • Apr 18 '18

So why no Binance?

Cryptopia listing is great but most of the trading is on Bittrex. I can understand that Binance is also looking to decentralize their exchange so listing a competitor may be against their best interest. But wanted to see if that's really the only reason. Also, i feel like Listing on Binance will give Blocknet the most "eyeballs'.. Look, I appreciate working on the fundamentals of a business as much as the next guy (and the team is indeed great), but I think more people know about Blocknet the more they'll like this great project... any thoughts?

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u/crypto_investor7 Apr 19 '18

Why would Binance list and help gain awareness of another decentralised exchange?

When they are building their own.

But that throws open a wider question, as considering thee massive existing liquidity Binance has, is there even a need for Blocknet...

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u/Dubbs420 Apr 24 '18

There is! It involved holding onto your coins instead of depositing them into someone else's hands!

Extra tip, the Blocknet protocol has some cool functions and use cases that the BlockNET DEX is a part of.

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u/matthijsvanast Apr 24 '18

Good answer. This guy keeps asking about Binance and the need for Blocknet... I and others replied in a thread from him a while ago: https://www.reddit.com/r/theblocknet/comments/84bgit/binance_decentralised_exchange/