There are many attractive tokens that have great teams behind them and are making sure there is growth and continuity for their projects. You would really want to invest in this kind of projects which guarantees each investor that there are benefits attached to their investments, and even more, you would make sure to invest early so you can enjoy more benefits along the way. The benefits of Chainbing are closely linked to the utility of such tokens which will be reviewed on this article.
Solana Coin, Cardano Coin and The Sandbox all had a quick run up when they were introduced into the market. Many people invested in the initial idea while others didn’t. You know the rest of the story as of today.
Due to Fear Of Missing Out, a lot of investors have hurriedly delve into investing on a project they have little knowledge about. So on this article, we will review Chainbing token by explaining what the coin is about, listing the pros and cons, the supply and how legit/safe the token is for investment.
Please note; This is not an Affiliate Link related article, neither is it a Promotional Article.
What is Chainbing?
A token economy will be introduced into every aspect of the BIAE network. This embedded token integration will ensure the BIAE is a network of value. A good token economy model should support the security and sustainability of the network. At the same time, it should benefit all participants of this network, including validators, creators, and users, while at the same time enabling the network to grow.
The target pledge rate for Chainbing network tokens is 35%. The lower pledge rate allows more tokens to be used for other purposes. Most importantly, Chainbing does not have to pay any excess cost for security, as a higher target pledge ratio requires a higher token issuance rate to maintain a reasonable return for verifiers.
There are 33,000,000.00 CBG in supply worldwide.
Pros and Cons of Chainbing
Pros of Chainbing
- There is a surge in the market price currently
- Project whitepaper available
- Contract on Ethereum
- They are fully decentralized
- A lot of investors are ‘flocking’ to invest
- It is listed on coinmarketcap
Cons of Chainbing
- The coin is still under research and development
- Multiple issues with its synchronizations between ledgers
- Not listed on some exchanges
- No Github profile
- They have no reddit account
- No Bitcointalk thread created
- No traceable features on tradingview
Is Chainbing Legit or Scam?
A cryptocurrency project requires you to part with your hard earned cash in order for you to become successful. You expect some level of transparency and professionalism from a project or the team that is asking for your money.
According to research and reviews, Chainbing have developed a problem solver but with a very weak back up for the token they produce.
Is Chainbing Safe?
Being willing to invest in any token is a question entirely up to you to answer. Chainbing token has a formidable team and vision to backup their digital assets and project. The project will succeed but depends if the team keeps the vision active and alive.
Make personal research on the coin, visit coin’s official website.
Follow our blog to learn about coin legitimacy. You can share your thoughts and experiences about Chainbing on the comment section below. Don’t forget to rate and leave a review.