Day 3. The main advantages of bStocks
After getting to know the technical side of bStocks, I suggest looking into what advantages this technology offers an ordinary user. In my opinion, it’s these benefits that make tokenized shares one of the most interesting areas at the intersection of traditional finance and cryptocurrencies.
First — trading 24/7. bStocks are available around the clock. This is especially convenient for people who live in other time zones or who prefer to choose the time for investing themselves.
Second, bStocks operate on the BNB Smart network, which means transfers take seconds and transaction fees are extremely low.
Another important plus is the automatic reinvestment of dividends. Dividends don’t need to be received manually and then reinvested: after withholding the required tax, they are automatically accounted for via the Multiplier mechanism. Share splits (stock split) are handled in the same way.
Transparency of the collateral is very important. Each bStock is backed by a real share that is held with a regulated custodian, and information about the reserves is available for verification through the Proof of Collateral system. This significantly increases trust in the product.
@BinanceCIS #bstockscis
After getting to know the technical side of bStocks, I suggest looking into what advantages this technology offers an ordinary user. In my opinion, it’s these benefits that make tokenized shares one of the most interesting areas at the intersection of traditional finance and cryptocurrencies.
First — trading 24/7. bStocks are available around the clock. This is especially convenient for people who live in other time zones or who prefer to choose the time for investing themselves.
Second, bStocks operate on the BNB Smart network, which means transfers take seconds and transaction fees are extremely low.
Another important plus is the automatic reinvestment of dividends. Dividends don’t need to be received manually and then reinvested: after withholding the required tax, they are automatically accounted for via the Multiplier mechanism. Share splits (stock split) are handled in the same way.
Transparency of the collateral is very important. Each bStock is backed by a real share that is held with a regulated custodian, and information about the reserves is available for verification through the Proof of Collateral system. This significantly increases trust in the product.
@BinanceCIS #bstockscis