Binance Coin [BNB] despite the fact that the entire market is falling, shows a positive trend. As of may 19, the price of this coin has increased by more than 23% and reached its maximum value in the area of 15.59 USD. At the moment the price is in the correction stage and is around 14 dollars.
Most analysts agree that the main reason was the increase of referral fee for owners of a BNB.
Binance decided to double the referral Commission up to 40% of all users whose account is 500 Binance Coin [BNB] or more. New rules for the referral of fee will come into effect from may 19, 2018. For all other users the Board will remain the same, i.e. 20%. However, every day at 00:00 hours, the exchange will recalculate the Commission, taking into account changes on the balance of the user.
BNB, which are in the process of withdrawal or Deposit will not be counted.
Chanpen, Zhao, CEO of Binance, very simply told about it in his Twitter:
Binance dual referral Commission.
However, the feedback was divided. Some felt that this was an attempt Pampa BNB. And others, like reddit user ConfuzedToTheMax believes that the reason for tightening of competition:
Look at the overall picture, guys … reigns will be the one who has the most BTC. Goldman Sachs has released its own cryptocurrency – USDC tied to the U.S. dollar. If Goldman comes into play, it will be followed by many others. Have Binance is not much time before that happens. During this time we need to save most of the BTC to these rich people on wall street who already have everything they need, not eaten, and this market. The exchange is a new banks, and that’s fine … You guys have seen that wear their tops? They look like normal people like you and me. So thank you BNB and please make the world a better place than it is now.