Can BNB accumulate strength and experience explosive growth through hard Ethernet?In my opinion, the development path of BSC is similar to stacking and optimizing on the basis of existing user base and mature Ethereum Layer2 technology. By leveraging existing user and financial scale advantages, BSC can meet the large-scale application needs of Web3 in the future, especially in fields such as gaming and metaverse, supported by low-cost and high-performance opBNB
Can BNB accumulate strength and experience explosive growth through hard Ethernet?
In my opinion, the development path of BSC is similar to stacking and optimizing on the basis of existing user base and mature Ethereum Layer2 technology. By leveraging existing user and financial scale advantages, BSC can meet the large-scale application needs of Web3 in the future, especially in fields such as gaming and metaverse, supported by low-cost and high-performance opBNB. This development path draws inspiration from Tencent's successful model, which is to attract users and meet growing demand, ultimately achieving the success of the platform strategy.
On the evening of June 19, 2021, BNB Intelligent Chain (BSC) announced the launch of a new expansion solution called opBNB, which has been launched on the opBNB testing network. BSC was launched in 2020, providing users and developers with a fast, secure, and low-cost decentralized application environment in the face of Ethernet network congestion.
BNB is the core driving force of the Binance ecosystem and the native token of the Binance chain. BNB was created in June 2017 and was first issued during the ICO period in July of the same year, initially as an ERC-20 token. Its initial purpose was to reduce the transaction fees of the Binance trading platform and continuously expand its use over time.
The core feature of the BNB economic model is periodic destruction, leading to a gradual decrease in supply (destruction cycle every three months). Starting from the initial maximum supply of 2 billion, BNB will continue to destroy until the supply drops to 100 million.
The reason why Tencent has achieved its current success is closely related to the company's development strategy under the leadership of Ma Huateng. From early QQ to social media WeChat, and then to the rise of WeChat, Tencent has been discovering mature products and technologies in the market and quickly taking decisions to integrate resources, focusing the company's technology on core product functions, continuously optimizing iterations to meet user needs and improve ecosystem efficiency. This strategy has played an important role in Tencent's success. For example, when Tiktok appeared, it quickly exceeded WeChat's performance in terms of user stay time, and Tencent immediately made strategic adjustments and began to develop video accounts. Tencent has seized the development opportunities of the short video market by leveraging its vast user base and social stickiness, further expanding its strategic layout, and achieving the development of the short video field.
Tencent once reached its highest market value of 6 trillion RMB, while BNB's market value today is $33.3 billion, equivalent to approximately 240 billion RMB. BNB, as an exchange platform currency, is similar to brokerage stocks and will rise 100% during bull markets. The operating mechanism of BNB includes using 20% of the entire trading platform's profits for repurchase.
At present, the Coin On trading platform is one of the largest trading markets in the world, and as a leading exchange in the world, it should enjoy high valuations. When a bull market approaches, the performance of the exchange may skyrocket by a factor of 10, and the income of the exchange will also multiply. BNB successfully balanced certainty and growth by using 20% of its revenue for repurchase and destruction. There is huge room for imagination in the future, and it is expected that BNB will surpass its market value of $300 billion by 2025.
However, the main challenge currently faced by BNB is the lawsuit filed by the US SEC. When this bearish factor gradually disappears, investors seeking stable investment may consider entering.
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