My understanding of #bStocksCIS versus @BinanceCIS , and what the documentation showed, turned out not to be the same thing.
This difference really bothered me.
As for the myth about a “fake promotion” — there is some sense in it. Legally, it isn’t the promotion itself; it’s a certificate. It is backed by a base promotion in a 1:1 ratio. The token provides economic exposure to the price and dividends, but without voting rights and other shareholder privileges. So the myth isn’t completely disproven; it’s just worded inaccurately.
But the claim about unclear “asset storage” is much weaker than the first counterargument. The collateral is held by a regulated custodian, and it can be verified on-chain via the Proof of Collateral page — with real figures, not the company’s promises.
However, what affected me the most personally was the third myth about “slow settlement, like with a regular broker.” Sources say something entirely different. Trading and settlement here happen continuously, unlike the traditional model with pauses on T+1 or T+2.
This difference really bothered me.
As for the myth about a “fake promotion” — there is some sense in it. Legally, it isn’t the promotion itself; it’s a certificate. It is backed by a base promotion in a 1:1 ratio. The token provides economic exposure to the price and dividends, but without voting rights and other shareholder privileges. So the myth isn’t completely disproven; it’s just worded inaccurately.
But the claim about unclear “asset storage” is much weaker than the first counterargument. The collateral is held by a regulated custodian, and it can be verified on-chain via the Proof of Collateral page — with real figures, not the company’s promises.
However, what affected me the most personally was the third myth about “slow settlement, like with a regular broker.” Sources say something entirely different. Trading and settlement here happen continuously, unlike the traditional model with pauses on T+1 or T+2.