It shows that company’s that are able to not use another block chain but one that they had created shows that the company is doing great by being able to produce on its own then have to go through an intermediator to help them do their transactions for a small fee they can do them on their own
The reason it its utility is good is because it is going through its own platform therfore not having to pay a fee to another service and saving and also it boasts that its lower fees and fast transaction rate show that it is a leading source
That way not to many tokens get out there and deflate the value of the token themselves keeping the value up and not down .But which tokens are the ones that get burnt and who does it affect?
READ NEWSLETTER ARTICLE HERE: https://prisonprofessorstalent.com/journal-entries/march-12-2024-lesson-12-binance-bnb/
