While Binance Coin (BNB) may be considered one of the flagship cryptocurrency tokens of a highly rated crypto exchange platform, a new rival is entering the scene to shake Binance’s dominance. Unlike Binance, the Pullix (PLX) exchange will launch on the blockchain network with features better suited for future trading.
Binance Exchange Meets Strong Competition
Binance Exchange has maintained its position as the largest crypto exchange in the world based on daily trading volume. However, this stock may soon be under threat as the Pullix trading platform is ready to launch on the blockchain. Pullix’s revenue sharing model that allows token holders to get a share of the platform’s revenues could be a catalyst that helps the platform overtake Binance sooner than expected.
Meanwhile, Binance’s efficiency in the cryptocurrency industry cannot be overlooked, having created other sub-projects such as Binance Chain, Binance Academy, Trust Wallet, and research projects, among others.
In another development, the Binance Coin (BNB) has maintained a price value above $200 since 2021 according to data from CoinMarketCap. Over the past month, the price of Binance Coin has seen a 7% increase to consolidate its price value above $300. Overall, BNB is a flagship crypto project. However, PLX’s cheap price point and revenue sharing model could push more investors towards the project than BNB.
Pullix (PLX) ready to launch in 70 Days, can it compete with Binance?
Pullix (PLX) will implement a very interesting model in its hybrid exchange to make trading more profitable for individuals. As a trade-to-earn exchange, the Pullix platform will introduce a revenue sharing model where token holders will be given a percentage of the revenue generated on the platform.
Additionally, Pullix will enhance members’ trading experience by synergizing the best features of DeFi and CeFi exchanges to create a unique hybrid trading platform on the blockchain network. Likewise, multiple cryptocurrencies can be traded on the platform, including Binance Coin, Bitcoin, Ethereum and others.
While currently in the 7th phase of pre-sale, the PLX token, an ERC20 token built on the Ethereum blockchain, is selling for $0.10 along with a 25% bonus that is available to all customers. The Pullix platform has signed up over 15,000 members and has raised over $5 million in pre-sales so far. The project’s initial investors saw an ROI of more than 150%.
With two more presale phases ahead of the project’s launch in 70 days, the PLX presale is now seeing a greater influx of investors who are discovering Pullix’s massive potential as both an exchange and a token. Judging by the bullish market factors, experts have suggested that the PLX token will gain 100 times in value after launch.
One of the prominent market factors that can lead to an increase in the price of PLX is the token burning feature. This feature aims to reduce the circulation of the PLX token by burning a significant percentage of it. Therefore, the scarcity that this burn pattern will cause will trigger an increase in value over time. At the current price trajectory, investors still have the opportunity to invest in the PLX token, which experts choose as one of the best cryptocurrencies to invest in 2024.
For further information regarding the Pullix pre-sale:
Visit the official Pullix website