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Binance is a centralized exchange (CEX) that has been very instrumental in making cryptocurrency easier to access, but what powers Binance is Binance Coin (BNB), its native token. Aside from being an exchange service Binance also has several other projects, the Binance Smart Chain and Binance Academy, just to mention a few. All these projects are dependent on Binance Coin (BNB) working effectively.
Just like Binance Coin (BNB), Fezoo (FEZ) is also an exchange, but what differentiates them is that Fezoo (FEZ) is a decentralized exchange (DEX). There are several differences between a DEX and a CEX, but it boils down to user preferences. Fezoo (FEZ) is going to launch soon and from the looks of things, Fezoo (FEZ) is going to be just as big as Binance Coin (BNB), maybe even bigger. Fezoo (FEZ) is in its first presale stage and is selling for $0.013.
The last couple of weeks have been confusing for Binance Coin (BNB) holders, some holders might have whiplash watching the finances of Binance Coin (BNB) fluctuate so much.
Three weeks ago, we saw Binance Coin (BNB) rise to a volume of about $32 billion. Investors were quite excited, seeing as Binance Coin (BNB) was just at $22 billion a week ago.
But it was at this point that things started to go south. The very next week Binance Coin (BNB) dropped back down to $20 billion and has been getting lower and lower.
Holders of Binance Coin (BNB) are also worried because for most of the year, Binance Coin (BNB) has been in the red, it has gotten some green lines now, but with its recent fluctuations, Binance Coin (BNB) might be headed back below the line. Holders are now sticking with Fezoo (FEZ), as it is more trustworthy.
As we said earlier, Fezoo (FEZ) is a decentralized exchange and Binance Coin (BNB) is a centralized one. The difference between the two (and why Fezoo (FEZ) is better) is that in a decentralized exchange, the platform is not owned by a single person or entity and funds do not need to stay in the platform, it goes directly between the transacting parties. A decentralized exchange is built on a blockchain that can use smart contracts.
On Fezoo (FEZ) users are not only truly free they also get a ton of benefits, one of the more interesting ones is that on Fezoo (FEZ), users will be a part of the decentralized governance. They would be able to give their input on how the platform is run, they can also submit ideas for the improvement of the platform. This is something you can not find in a centralized exchange platform.
Users will have the lowest transaction fees and fastest withdrawals and deposits. The progress of Fezoo's (FEZ) users will also be tracked and they will be rewarded when they reach particular levels of usage.
Find out more about the Fezoo (FEZ) presale by visiting the website here.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
