Binance CEO, Changpeng Zhao, Previews DEX That Binance Claimed They Would Launch

Binance CEO, Changpeng Zhao, Previews DEX That Binance Claimed They Would Launch

Introduction

So, you remember months and months ago, when Binance claimed that they were going to launching a new exchange platform and that their token ($BNB) was going to be the native token for that platform?

If you don’t, here is an article to refresh your memory:

Binance Announces Development of Decentralized Exchange and Binance Blockchain

_Leading cryptocurrency exchange Binance has recently announced the impending launch of a tailored blockchain as the…_cryptoslate.com

Essentially, this was announce din March along a host of other bullish fundamental news for the exchange.

Obviously, one of the major keys to drawing investor interest in the project is the fact that Binance’s native token, Binance Token, will be used to facilitate this endeavor.

Thus, the logic is that, as this DEX is released (which folks are expecting to far surpass any other DEX currently available), the value of the token will soar exponentially (perhaps) in value in the future.

This is a Current Look at the Binance Token (For Review in Light of This Update)

Source: Coinmarketcap

As you can see, it’s been on a general uptrend, and in March, it received a pretty hefty boost.

Answering Critics

As you have probably noticed, there have already been several months that have passed since CZ (owner of Binance) originally made this announcement through the Binance platform itself — which has led to restlessness in Binance’s prospective investors.

So, as an answer to the ‘haters’, ‘skeptics’, ‘doubters’, or whatever you kids call them these days, CZ decided to put out a YouTube video for everyone to watch showing the current progress that Binance has allegedly made on the DEX.

YouTube Video

Below is the YouTube Video by CZ detailing the experience:

In the opinion of the author, this is actually a professional video that concisely explains where the exchange is in terms of the DEX’s development.

The video yields enough insight into Binance’s development on the DEX at this point to where skeptics and naysayers that claimed that Binance would never produce such a project, will be silenced (but it’s crypto, so you never know!)

Conclusion

As CZ mentioned in the video, there is still much work to be done before the DEX can be successfully launched in a way that lives up to the promises of the original press releases and announcement from CZ and the Binance exchnage.

However, it appears that they are well on their way to bringing this project to fruition and they should be able to manifest it in the very near future.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Yes No