Binance Earn BNB - 1k to 100k in 10 years

Despite Binance is baned in UK and having issues in US...

Still, there was introduced "Binance Earn" quite recently this year. And this (and crypto loans) is what I think UK and US boses dont like (or like and want to get something to allow that exist).

Dont know how long Binance will stay... But everything more than 1% yearly is risky. Which broker to choose? What strategy to choose?

Here my findings regarding Binance crypto BNB passive income possibilities. BNB by market cap is on 3rd place

Therefore (because of huge capital available) I bet that Binance will "agree" with world bosses in UK/US and will stay... just pay some % to them. This is my bet.

Feel free to argue with me regarding Binance scam/not scam and so on. I am quite new to crypto so enlighten me why you think other exchanges better than what I explain below.

Idea:

Put 1000 EUR (buy BNB crypto) and all that invest in "Binance Earn" product "BNB Vault" with currently estimated yearly APY 63% (annual percentage yield - this is with compounding):



And here interesting part - it is possible to use compounding with crypto every day. Do not wait 1 year to get % and then re-invest. Re-invest every day. This is what Binance provides - An automated subscription. All daily earnings are re-invested in an automated fashion.

Here are compounding results for 10 years:



With 1 action and that it. Invest 1000 EUR. All automated after that.

Here one more advantage - people now crazy, buy crypto. It is trendy. It is hype. OK. But it is not very effective just buy and hold.

When buying BNB and use "BNB Vault" earning investment - you hold crypto (it can grow price in the future) AND that holding works and get additional the same crypto in your wallet.

In the case, in 10 years current BNB price drops for example 10 times (from 554$ to 55$) for some reason - OK. You still have accumulated additional BNB coins that compensate for that huge disaster.

But... if BNB and all crypto world exists and grow... after 10 years... for example 1 BNB price is for example ~5000$. Then your 1000 EUR starting investment turned out as 1 mil EUR...

Yea, anything could happen.. but why just buy and hold? That's not effective. This is why I think BNB will go viral.

This thread is dedicated to discussing this concept and idea. As you see no commercial links here (Binance has a referral program - not using that here). Just want to discuss it to get some outside opinions/hints.

I see 60% yearly is "currently estimated"... even if it is 20% yearly it is still good

That estimated APY changes every day... today 7%..

tnx joyny. it seems "up to 20%" yearly is what Binance advertise and there might be more profitable days when 60% estimated yearly but most likely nomore than 20% yearly on average.

I think Binance is on the shadier side of all crypto exchanges. However, if Binance Earn was available in the US I'd prolly try out BNB Vault too

I'm currently staking some BNB in Trust Wallet and I have no idea what it's doing in there; the visibility into the staking is next to nil.

The Binance Coin whitepaper clears up some questions I had about Binance Coin's max supply.

"A strict limit of 200MM BNB will be created, never to be increased." [1]

"Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining." [2]

[1] https://www.exodus.com/assets/docs/b...whitepaper.pdf
[2] https://www.exodus.com/assets/docs/b...whitepaper.pdf

yea notice that. as usually never put all eggs in 1 exchange. Saw your thread - it's good

was thinking maybe uniswap and similar can be more trusted rather than centralized exchanges.

But it is ok to have some % invested in high-risk project too.. diversification of portfolio.

Im new to crypto but have some coding skills. So I'm looking at smart contracts now.. learning. This seems to be an awesome solution in the finance world. As newbie have a lot stupid questions

Anyway as coder I see that blockchain is here to stay forever - it has huge real value with the smart contracts ecosystem. Maybe some centralized exchanges will stay too but not all. And some de-centralized will stay as well but not all.

For example this https://terra.mirror.finance/

I like to trade stocks. And here I see maybe some opportunities.. just ideas... Because crypto stocks mirrors are tradable 24x7. Real stocks only 5 days and when NY opened. But news regarding companies arrive 24x7... so crypto stocks assets might be good alternative therefore I like that project. I see real value and natural demand in long term here.

Regarding arbitrage - for now I understand that bots with centralized exchanges is not good solution because you can loose at the end for example at triangle arbitrage (slippage issues because long transactions).

BUT.. with smart contracts, all arbitrage deals are packed in 1 contract and it executes only when all transactions are done and at the end is a positive delta. But it seems so obvious solution that maybe too late and nomore arbitrage with smart contracts working? Still google say it is promoted as good approach... here recent article regarding arbitrage in coindesk.

Thinking smart contracts have ~0% risk with arbitrage. Am I wrong?

Arbitrage with smart contracts is an interesting opportunity. I don't have any experience with it myself, however. If I had to guess the risks would include:

1. front running
2. high gas fees
3. price slippage
4. smart contract exploits / flaws