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Костя про Криптовалюту
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Костя про Криптовалюту

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Physical Delivery sounds like insurance for the lender. But the TermMax documentation says it a bit differently. With TermMax, Physical Delivery ≠ a guarantee to return 100% of funds. The mechanism comes into play when, after the liquidation window, the debt remains unpaid. In that case, FT holders are provided with a physical delivery: they can receive a proportional share of the available underlying and collateral assets. At first glance, this looks like a protective mechanism. And in a certain sense, it is: instead of simply leaving the lender with an outstanding position, the protocol provides for an asset distribution procedure. But there’s a crucial nuance. Physical Delivery does not create new value and does not insure the lender against market losses. If the value of the assets remaining after liquidation is insufficient to fully cover principal + interest, the creditor may receive less than the original amount. So it’s more accurate to think of Physical Delivery as a residual debt settlement mechanism, not as protection against losses. That nuance is important to understand when assessing the risk of fixed-rate lending in @termmax . How do you evaluate such a mechanism: as additional protection for the lender, or as a way to organize the distribution of remaining assets? #TermMax
Physical Delivery sounds like insurance for the lender. But the TermMax documentation says it a bit differently.

With TermMax, Physical Delivery ≠ a guarantee to return 100% of funds.

The mechanism comes into play when, after the liquidation window, the debt remains unpaid. In that case, FT holders are provided with a physical delivery: they can receive a proportional share of the available underlying and collateral assets.

At first glance, this looks like a protective mechanism. And in a certain sense, it is: instead of simply leaving the lender with an outstanding position, the protocol provides for an asset distribution procedure.

But there’s a crucial nuance.

Physical Delivery does not create new value and does not insure the lender against market losses.
If the value of the assets remaining after liquidation is insufficient to fully cover principal + interest, the creditor may receive less than the original amount.

So it’s more accurate to think of Physical Delivery as a residual debt settlement mechanism, not as protection against losses.
That nuance is important to understand when assessing the risk of fixed-rate lending in @TermMax .

How do you evaluate such a mechanism: as additional protection for the lender, or as a way to organize the distribution of remaining assets?
#TermMax
$32M TVL looks impressive. But I wouldn’t rush to draw conclusions about TermMax’s activity from this number. Right now, DeFiLlama shows for TermMax: 💰 TVL — $32.08M 📌 Active Loans — $22.07M If you simply divide one by the other: $22.07M / $32.08M ≈ 68.8% At first glance, it seems that almost 69% of the TVL volume is tied to active loans. But there’s an important caveat here. ❌ 68.8% is NOT TermMax’s official utilization rate. TVL and Active Loans are different metrics, so this kind of ratio can’t be interpreted as a standard measure of protocol utilization. That said, it does provide an interesting starting point for analysis: TVL by itself doesn’t tell the whole story about how capital is actually being used. Another telling point: around 94.7% of TVL is on Ethereum. So I’d look not only at the TVL headline figure, but also at where the capital is located and what portion is associated with active loans. That’s how TVL turns from a pretty number into a metric you can analyze. How do you evaluate a DeFi protocol: by TVL alone, or together with real usage metrics? @termmax #TermMax
$32M TVL looks impressive. But I wouldn’t rush to draw conclusions about TermMax’s activity from this number.

Right now, DeFiLlama shows for TermMax:
💰 TVL — $32.08M
📌 Active Loans — $22.07M

If you simply divide one by the other:
$22.07M / $32.08M ≈ 68.8%
At first glance, it seems that almost 69% of the TVL volume is tied to active loans.

But there’s an important caveat here.
❌ 68.8% is NOT TermMax’s official utilization rate.

TVL and Active Loans are different metrics, so this kind of ratio can’t be interpreted as a standard measure of protocol utilization.

That said, it does provide an interesting starting point for analysis: TVL by itself doesn’t tell the whole story about how capital is actually being used.
Another telling point: around 94.7% of TVL is on Ethereum.
So I’d look not only at the TVL headline figure, but also at where the capital is located and what portion is associated with active loans.
That’s how TVL turns from a pretty number into a metric you can analyze.

How do you evaluate a DeFi protocol: by TVL alone, or together with real usage metrics?

@TermMax #TermMax
FT, XT and GT — three labels that hide almost all the mechanics of borrowing in TermMax. If you just look at them as tokens, it’s easy to miss the point. 🔹 FT — Fixed-Rate Token It represents the obligation to repay a debt token at maturity. For a lender, FT works similarly to a zero-coupon bond: you can buy it at a discount and redeem it for its par value at a specified time. (docs.ts.finance) 🔹 XT — X Token XT is tied to the interest part of the loan. In TermMax’s simplified model: 1 FT + 1 XT = 1 debt token That means FT and XT together form the economic structure of a debt token. (docs.ts.finance) 🔹 GT — Gearing Token But GT is completely different in nature: it’s an ERC-721 NFT that represents a specific borrowing/leveraged position — its collateral and debt. When the debt is repaid, GT is burned, and the collateral is returned. (docs.ts.finance) So you can roughly remember it like this: FT = what needs to be repaid XT = the interest component GT = where the position itself and its collateral are recorded And it’s exactly the combination of these components that allows TermMax to build fixed-rate lending and borrowing on-chain. Which of the three components, in your opinion, is the hardest to understand the first time — FT, XT, or GT? @termmax #TermMax
FT, XT and GT — three labels that hide almost all the mechanics of borrowing in TermMax.

If you just look at them as tokens, it’s easy to miss the point.

🔹 FT — Fixed-Rate Token

It represents the obligation to repay a debt token at maturity. For a lender, FT works similarly to a zero-coupon bond: you can buy it at a discount and redeem it for its par value at a specified time. (docs.ts.finance)

🔹 XT — X Token

XT is tied to the interest part of the loan. In TermMax’s simplified model:

1 FT + 1 XT = 1 debt token

That means FT and XT together form the economic structure of a debt token. (docs.ts.finance)

🔹 GT — Gearing Token

But GT is completely different in nature: it’s an ERC-721 NFT that represents a specific borrowing/leveraged position — its collateral and debt. When the debt is repaid, GT is burned, and the collateral is returned. (docs.ts.finance)

So you can roughly remember it like this:

FT = what needs to be repaid
XT = the interest component
GT = where the position itself and its collateral are recorded

And it’s exactly the combination of these components that allows TermMax to build fixed-rate lending and borrowing on-chain.

Which of the three components, in your opinion, is the hardest to understand the first time — FT, XT, or GT?

@TermMax #TermMax
In TermMax, both the Borrower and the Lender are looking at the same deal from opposite sides. But what exactly do they get? Let’s imagine a simple market. 🔵 The Borrower has an asset as collateral, but wants to receive a different asset as a loan. In TermMax, they take out a loan at a fixed rate for a specific term up to maturity. 🟡 The Lender does the opposite: they provide an asset to the borrower and receive a fixed return over a defined period. So one and the same deal creates two different economic positions: Borrower → receives liquidity now → repays the loan under specified terms. Lender → provides liquidity now → receives a payout under specified terms. And what’s especially interesting is that TermMax doesn’t leave the rate to “float” with the market. The protocol is built around fixed-rate and fixed-term markets. That’s why the Borrower effectively buys predictability of the cost of capital, while the Lender gets predictability of the conditions of their position up to maturity. Then market makers, takers, and Range Orders come into play—they determine exactly how these two sides of the market meet. If you had to choose one role in such a market—Borrower or Lender? And why? @termmax #TermMax
In TermMax, both the Borrower and the Lender are looking at the same deal from opposite sides. But what exactly do they get?

Let’s imagine a simple market.
🔵 The Borrower has an asset as collateral, but wants to receive a different asset as a loan. In TermMax, they take out a loan at a fixed rate for a specific term up to maturity.
🟡 The Lender does the opposite: they provide an asset to the borrower and receive a fixed return over a defined period.

So one and the same deal creates two different economic positions:

Borrower → receives liquidity now → repays the loan under specified terms.
Lender → provides liquidity now → receives a payout under specified terms.

And what’s especially interesting is that TermMax doesn’t leave the rate to “float” with the market. The protocol is built around fixed-rate and fixed-term markets.
That’s why the Borrower effectively buys predictability of the cost of capital, while the Lender gets predictability of the conditions of their position up to maturity.

Then market makers, takers, and Range Orders come into play—they determine exactly how these two sides of the market meet.

If you had to choose one role in such a market—Borrower or Lender? And why?

@TermMax #TermMax
«24/7» does not mean the risk disappears. And that’s an important difference. With bStocks, you can trade around the clock— even when the traditional stock exchange is already closed. But trading availability ≠ a guarantee of liquidity or a stable price. Let’s imagine a simple scenario: 🇺🇸 The US stock market closes. 🌙 At night, important news comes out about a company. 📈 bStock continues trading on Binance. ⚠️ But the number of participants and trading volume may be different from a regular session. That’s where it’s important to distinguish between 24/7 access and liquidity. Binance explicitly states that bStocks trading volumes may change, and insufficient liquidity can affect your ability to buy or sell an asset at your desired price. So for me, the main takeaway is simple: 24/7 is about market access time. Not about the absence of risk. What do you think: trading stocks 24/7 is more of an advantage or a new kind of risk? @BinanceCIS #bStocksCIS $AAPLB {spot}(SPCXBUSDT)
«24/7» does not mean the risk disappears. And that’s an important difference.
With bStocks, you can trade around the clock— even when the traditional stock exchange is already closed. But trading availability ≠ a guarantee of liquidity or a stable price.

Let’s imagine a simple scenario:

🇺🇸 The US stock market closes.
🌙 At night, important news comes out about a company.
📈 bStock continues trading on Binance.
⚠️ But the number of participants and trading volume may be different from a regular session.

That’s where it’s important to distinguish between 24/7 access and liquidity. Binance explicitly states that bStocks trading volumes may change, and insufficient liquidity can affect your ability to buy or sell an asset at your desired price.

So for me, the main takeaway is simple:
24/7 is about market access time.
Not about the absence of risk.

What do you think: trading stocks 24/7 is more of an advantage or a new kind of risk?

@BinanceCIS #bStocksCIS $AAPLB
Variable rate ≠ fixed. And the difference matters more than it seems. Let’s imagine a 3-month loan. In a typical lending market, the rate can change along with supply and demand. Today the terms are one thing; in a few weeks, they’re already different. With TermMax, the logic is different: the rate and the term are fixed until maturity. That means the user knows the loan terms for the entire defined period in advance. This does not mean that a fixed rate is automatically more beneficial than a variable rate. Its main advantage is predictability. You’re not trying to guess where the market rate will go in a month. Instead, you agree to specific terms up to the maturity date. That’s why it’s interesting to consider TermMax not just as another lending protocol, but as a tool for working with time and rate certainty. #termmax @termmax
Variable rate ≠ fixed. And the difference matters more than it seems.
Let’s imagine a 3-month loan.

In a typical lending market, the rate can change along with supply and demand. Today the terms are one thing; in a few weeks, they’re already different.

With TermMax, the logic is different: the rate and the term are fixed until maturity. That means the user knows the loan terms for the entire defined period in advance.
This does not mean that a fixed rate is automatically more beneficial than a variable rate.

Its main advantage is predictability.
You’re not trying to guess where the market rate will go in a month. Instead, you agree to specific terms up to the maturity date.
That’s why it’s interesting to consider TermMax not just as another lending protocol, but as a tool for working with time and rate certainty.

#termmax @TermMax
💵 $5 is not much for an investment. But it’s a lot for testing accessibility. That’s why the minimum bStocks purchase amount is interesting to me not because of those $5 themselves. It shows something else: can tokenization make access to traditional assets smaller-scale and easier? Instead of having to buy a whole share, you can get fractional exposure to the underlying asset through bStock. For example: 🏦 traditional market → stock 🪙 bStocks → tokenized form 💵 $5 → the ability to start with a small position Accessibility isn’t only about a low minimum. Liquidity, spreads, available trading pairs, and the specific asset’s terms are also important. So I’d look at $5 not as a “cheap way to buy a share,” but as a test of how far tokenization can lower the entry barrier. Do you think the ability to start with a small amount is a real advantage of bStocks? @BinanceCIS #bStocksCIS $AAPLB {spot}(SPCXBUSDT)
💵 $5 is not much for an investment. But it’s a lot for testing accessibility.
That’s why the minimum bStocks purchase amount is interesting to me not because of those $5 themselves.

It shows something else: can tokenization make access to traditional assets smaller-scale and easier?
Instead of having to buy a whole share, you can get fractional exposure to the underlying asset through bStock.

For example:
🏦 traditional market → stock
🪙 bStocks → tokenized form
💵 $5 → the ability to start with a small position

Accessibility isn’t only about a low minimum. Liquidity, spreads, available trading pairs, and the specific asset’s terms are also important.

So I’d look at $5 not as a “cheap way to buy a share,” but as a test of how far tokenization can lower the entry barrier.

Do you think the ability to start with a small amount is a real advantage of bStocks?

@BinanceCIS #bStocksCIS $AAPLB
🚨$SPCXB : one news piece — and the market starts repricing the company. On August 14, SpaceX completed the acquisition of Anysphere — the company behind Cursor — in a deal valued at $60 billion. Moreover, the payment involved SpaceX shares, not a standard cash payout. Why is this interesting for bStock holders? Because bStock is tied to an underlying asset. That means important corporate news can shift market expectations about the company itself — and this may be reflected in the SPCXB price. In this case, SpaceX effectively strengthens its presence in AI: 🚀 SpaceX → 🤖 Cursor / AI coding → 🧠 a broader AI strategy → 📊 the market’s new outlook on the company’s prospects. But there’s an important point: this doesn’t automatically mean SPCXB will rise. The market may assess the deal positively, negatively, or simply not give it much weight. That’s why bStocks are interesting not only as tokens, but also as a way to see how real corporate events translate into an asset’s market valuation. What do you think: the Cursor deal is a win for SpaceX in terms of valuation, or an overly expensive bet on AI? 👇 {spot}(SPCXBUSDT) @BinanceCIS #bStocksCIS $SPCXB
🚨$SPCXB : one news piece — and the market starts repricing the company.

On August 14, SpaceX completed the acquisition of Anysphere — the company behind Cursor — in a deal valued at $60 billion. Moreover, the payment involved SpaceX shares, not a standard cash payout.

Why is this interesting for bStock holders?
Because bStock is tied to an underlying asset. That means important corporate news can shift market expectations about the company itself — and this may be reflected in the SPCXB price.

In this case, SpaceX effectively strengthens its presence in AI:
🚀 SpaceX
→ 🤖 Cursor / AI coding
→ 🧠 a broader AI strategy
→ 📊 the market’s new outlook on the company’s prospects.

But there’s an important point: this doesn’t automatically mean SPCXB will rise. The market may assess the deal positively, negatively, or simply not give it much weight.
That’s why bStocks are interesting not only as tokens, but also as a way to see how real corporate events translate into an asset’s market valuation.

What do you think: the Cursor deal is a win for SpaceX in terms of valuation, or an overly expensive bet on AI? 👇


@BinanceCIS #bStocksCIS $SPCXB
🟢$NVDAB : what’s more interesting here — NVIDIA itself or the new way to access it ?? NVIDIA is one of the key companies in AI infrastructure. But bStock adds another layer to this story: how exactly do you get exposure to its shares? $NVDAB is a tokenized security in the bStock format. It’s backed 1:1 by the corresponding real share, but it is not direct ownership of an NVIDIA share. And the access method here is what I find most interesting: 📊 underlying asset → NVIDIA stock 🪙 bStock → tokenized exposure ⛓️ BNB Smart Chain → blockchain infrastructure 🌐 Binance Spot → trading 24/7 So we’re looking at not only “what company stands behind the token?”, but also at “what changes when access to that company is moved into a tokenized form?” This is no longer just a question about NVIDIA, but about how the very way we access traditional assets can change. What interests you more in $NVDAB: NVIDIA as a company, or the tokenized access format itself? @BinanceCIS #bStocksCIS $NVDAB {spot}(SPCXBUSDT)
🟢$NVDAB : what’s more interesting here — NVIDIA itself or the new way to access it ??

NVIDIA is one of the key companies in AI infrastructure. But bStock adds another layer to this story: how exactly do you get exposure to its shares?

$NVDAB is a tokenized security in the bStock format. It’s backed 1:1 by the corresponding real share, but it is not direct ownership of an NVIDIA share.

And the access method here is what I find most interesting:
📊 underlying asset → NVIDIA stock
🪙 bStock → tokenized exposure
⛓️ BNB Smart Chain → blockchain infrastructure
🌐 Binance Spot → trading 24/7

So we’re looking at not only “what company stands behind the token?”, but also at “what changes when access to that company is moved into a tokenized form?”

This is no longer just a question about NVIDIA, but about how the very way we access traditional assets can change.
What interests you more in $NVDAB : NVIDIA as a company, or the tokenized access format itself?

@BinanceCIS #bStocksCIS $NVDAB
🌙 The US stock market has closed. But the story isn’t over. That’s where bStock becomes interesting. Imagine: after the close of the traditional exchange, important company news comes out. For a regular stock, the next main trading session is still ahead. And bStock continues to trade on Binance 24/7. What does that mean? 📰 New information appears → 👥 Binance participants reassess its significance → 📈📉 demand and supply shift → 💰 a new bStock price is formed. But there’s an important nuance: this doesn’t mean the underlying stock also keeps trading on its traditional exchange. Its next official session may open already taking the new information into account. So 24/7 isn’t magic and it isn’t a guaranteed price move. It’s an opportunity to respond to information when the traditional market is already closed. Binance explicitly states that bStocks are available for trading around the clock. And here’s what’s intriguing: what will the bStock price be before the traditional market opens, if an important news item appears overnight? @BinanceCIS #bStocksCIS $NVDAB {spot}(SPCXBUSDT)
🌙 The US stock market has closed. But the story isn’t over.

That’s where bStock becomes interesting.
Imagine: after the close of the traditional exchange, important company news comes out. For a regular stock, the next main trading session is still ahead.

And bStock continues to trade on Binance 24/7.
What does that mean?

📰 New information appears →
👥 Binance participants reassess its significance →
📈📉 demand and supply shift →
💰 a new bStock price is formed.
But there’s an important nuance: this doesn’t mean the underlying stock also keeps trading on its traditional exchange. Its next official session may open already taking the new information into account.

So 24/7 isn’t magic and it isn’t a guaranteed price move. It’s an opportunity to respond to information when the traditional market is already closed. Binance explicitly states that bStocks are available for trading around the clock.

And here’s what’s intriguing: what will the bStock price be before the traditional market opens, if an important news item appears overnight?

@BinanceCIS #bStocksCIS $NVDAB
🧩 Who is actually behind bStock and the underlying asset? In the bStocks structure, there’s an important link that’s easy to miss: BTech Holdings Limited. In simplified form, the construction can be shown as: BTech Holdings → bStock → underlying security BTech Holdings Limited is an affiliated company of the Binance group and the issuer of bStocks. The bStock itself is a certificate that represents an interest in the underlying security, not direct ownership of the stock. At the same time, Binance states that each bStock is backed 1:1 by the corresponding real U.S. share, which is held by a regulated custodian. The presence of collateral can be verified via Proof of Collateral. In other words, bStock is not just “a stock recorded on a blockchain.” There is an issuer → tokenized certificate → underlying security → custodial collateral. This exact structure explains why bStock can provide economic access to the movement of the underlying stock, but does not mean direct ownership of the company’s shares. Would you like to see a detailed diagram of the entire bStock construction—from the token to the real share? @BinanceCIS #bStocksCIS $NVDAB {spot}(SPCXBUSDT)
🧩 Who is actually behind bStock and the underlying asset?

In the bStocks structure, there’s an important link that’s easy to miss: BTech Holdings Limited.

In simplified form, the construction can be shown as:
BTech Holdings → bStock → underlying security

BTech Holdings Limited is an affiliated company of the Binance group and the issuer of bStocks. The bStock itself is a certificate that represents an interest in the underlying security, not direct ownership of the stock.

At the same time, Binance states that each bStock is backed 1:1 by the corresponding real U.S. share, which is held by a regulated custodian. The presence of collateral can be verified via Proof of Collateral.
In other words, bStock is not just “a stock recorded on a blockchain.”
There is an issuer → tokenized certificate → underlying security → custodial collateral.

This exact structure explains why bStock can provide economic access to the movement of the underlying stock, but does not mean direct ownership of the company’s shares.

Would you like to see a detailed diagram of the entire bStock construction—from the token to the real share?

@BinanceCIS #bStocksCIS $NVDAB
🟡 What actually happens after clicking the BUY button when buying bStock? From the user’s side, it’s just one button. But behind it, there are several steps. Let’s imagine $SPCXB : 1️⃣ Choose bStock on Binance Spot and specify the amount. 2️⃣ Choose the order type. Market is executed at the available market price, and Limit is executed only at the set price or better. 3️⃣ The order goes into the trading system and must be filled according to available liquidity and the order conditions. 4️⃣ After the trade is executed, the corresponding amount of bStock is credited to your balance. 5️⃣ Next, you can leave the token on Binance or—if available and it meets the conditions—withdraw it to a compatible BNB Smart Chain wallet. What’s interesting is that bStocks are traded on Binance Spot 24/7, and Binance states that their settlement typically occurs in less than a second. (Binance) So BUY is not an “instant creation of a share.” It’s the start of a specific trading process for a tokenized security. @BinanceCIS #bStocksCIS $SPCXB
🟡 What actually happens after clicking the BUY button when buying bStock?

From the user’s side, it’s just one button. But behind it, there are several steps.

Let’s imagine $SPCXB :

1️⃣ Choose bStock on Binance Spot and specify the amount.

2️⃣ Choose the order type. Market is executed at the available market price, and Limit is executed only at the set price or better.

3️⃣ The order goes into the trading system and must be filled according to available liquidity and the order conditions.

4️⃣ After the trade is executed, the corresponding amount of bStock is credited to your balance.

5️⃣ Next, you can leave the token on Binance or—if available and it meets the conditions—withdraw it to a compatible BNB Smart Chain wallet.

What’s interesting is that bStocks are traded on Binance Spot 24/7, and Binance states that their settlement typically occurs in less than a second. (Binance)

So BUY is not an “instant creation of a share.” It’s the start of a specific trading process for a tokenized security.

@BinanceCIS #bStocksCIS $SPCXB
🔐 One bStock — two storage forms. And the difference isn’t in the token itself. You can leave bStock on Binance or withdraw it to a compatible BNB Smart Chain wallet for self-custody. The asset itself stays the same, but the person who controls access to it changes. 🏦 On Binance: — it’s more convenient to manage the asset through the exchange; — you don’t have to manage wallet keys yourself; — buying, selling, and storing happen in one place. 🔑 Self-custody: — bStock is stored in your compatible BSC wallet; — control over access to the asset passes to the wallet owner; — along with that, personal responsibility for securing access also increases. Binance explicitly states that bStocks are BEP-20 tokens on BNB Smart Chain and can be withdrawn for self-custody. So I wouldn’t ask “which option is better?”. It’s more accurate to ask: what level of control and responsibility do you need? And where would you store bStock — on Binance or in your own wallet? @BinanceCIS #bStocksCIS $NVDAB {spot}(SPCXBUSDT)
🔐 One bStock — two storage forms. And the difference isn’t in the token itself.

You can leave bStock on Binance or withdraw it to a compatible BNB Smart Chain wallet for self-custody. The asset itself stays the same, but the person who controls access to it changes.

🏦 On Binance:
— it’s more convenient to manage the asset through the exchange;
— you don’t have to manage wallet keys yourself;
— buying, selling, and storing happen in one place.
🔑 Self-custody:
— bStock is stored in your compatible BSC wallet;
— control over access to the asset passes to the wallet owner;
— along with that, personal responsibility for securing access also increases.

Binance explicitly states that bStocks are BEP-20 tokens on BNB Smart Chain and can be withdrawn for self-custody.
So I wouldn’t ask “which option is better?”. It’s more accurate to ask: what level of control and responsibility do you need?
And where would you store bStock — on Binance or in your own wallet?

@BinanceCIS #bStocksCIS $NVDAB
🔎 Can bStock really be verified on-chain? At first glance, bStock is just a token. But it works as a BEP-20 asset on BNB Smart Chain, so its existence and movements can be seen on the blockchain. However, there’s an important nuance 👇 You can verify the token itself on-chain: its contract, transactions, and the address balance. But whether it is truly backed 1:1 by a real asset—this is no longer just a question of the blockchain. Binance states that each bStock is backed by a corresponding real asset that is held with a regulated custodian. The status of this backing can be checked via Proof of Collateral. So you get an interesting setup: 🟡 blockchain → shows the token and its movements 🟢 Proof of Collateral → shows information about the backing 🔵 custodian → holds the real shares To me, this is exactly the most interesting part of tokenization: you can verify not only the price, but also how the digital asset is tied to the real one. Have you checked bStock on-chain yourself? {spot}(SPCXBUSDT) @BinanceCIS #bStocksCIS $TSLAB
🔎 Can bStock really be verified on-chain?

At first glance, bStock is just a token. But it works as a BEP-20 asset on BNB Smart Chain, so its existence and movements can be seen on the blockchain.

However, there’s an important nuance 👇
You can verify the token itself on-chain: its contract, transactions, and the address balance. But whether it is truly backed 1:1 by a real asset—this is no longer just a question of the blockchain.
Binance states that each bStock is backed by a corresponding real asset that is held with a regulated custodian. The status of this backing can be checked via Proof of Collateral.
So you get an interesting setup:
🟡 blockchain → shows the token and its movements
🟢 Proof of Collateral → shows information about the backing
🔵 custodian → holds the real shares
To me, this is exactly the most interesting part of tokenization: you can verify not only the price, but also how the digital asset is tied to the real one.

Have you checked bStock on-chain yourself?


@BinanceCIS #bStocksCIS $TSLAB
How to find bStocks on Binance? If you’re searching for tokenized stocks on the BINANCE exchange for the first time. In fact, it’s quite simple! First, open Binance and go to the Spot section. In the search bar, enter the name or ticker of the bStock you want. Available assets are indicated by the corresponding trading pairs, so it’s important to check the token’s name before placing an order. Another option is to use Binance search by keywords or browse the available bStocks in the relevant platform section, if it’s available in your region. Important point: bStocks are not available to all users. The list of assets may depend on jurisdiction and regulatory requirements. Therefore, if you don’t see a specific bStock in your account, it doesn’t necessarily mean it doesn’t exist. bStocks are tokenized securities linked to the underlying stocks. They can trade 24/7, but that doesn’t make the token holder a direct shareholder of the company. Before trading, check the ticker, product terms, availability in your country, and risks. A simple search is the first step, but understanding exactly what you’re buying and for how much is much more important. $NVDAB {spot}(SPCXBUSDT) @BinanceCIS #bStocksCIS $bStocks
How to find bStocks on Binance? If you’re searching for tokenized stocks on the BINANCE exchange for the first time.

In fact, it’s quite simple!

First, open Binance and go to the Spot section. In the search bar, enter the name or ticker of the bStock you want. Available assets are indicated by the corresponding trading pairs, so it’s important to check the token’s name before placing an order.

Another option is to use Binance search by keywords or browse the available bStocks in the relevant platform section, if it’s available in your region.
Important point: bStocks are not available to all users. The list of assets may depend on jurisdiction and regulatory requirements. Therefore, if you don’t see a specific bStock in your account, it doesn’t necessarily mean it doesn’t exist.
bStocks are tokenized securities linked to the underlying stocks. They can trade 24/7, but that doesn’t make the token holder a direct shareholder of the company.
Before trading, check the ticker, product terms, availability in your country, and risks.

A simple search is the first step, but understanding exactly what you’re buying and for how much is much more important. $NVDAB


@BinanceCIS #bStocksCIS $bStocks
@BinanceCIS #bStocksCIS $bStocks Do you necessarily need hundreds or thousands of dollars to invest in and trade tokenized stocks? With bStocks, the threshold can be significantly lower — Binance states that it may be possible to start with $5. This is made possible thanks to fractional exposure: you don’t need to buy a whole share in order to gain access to changes in its value. For example, if the price of a particular stock is very high, purchasing a whole number of shares may be out of reach for someone with a small amount of capital. bStocks let you work with a smaller sum, so even $5–10 may be enough to get started, depending on the specific asset, the minimum order size, and product availability. It’s important to understand: a small start doesn’t mean there is no risk. The value of a bStock can change with the market, and when trading, the spread, liquidity, and other conditions also matter. So the main advantage of a low funding threshold is not “easy money,” but the ability to begin getting acquainted with a new class of assets $NVDAB {spot}(SPCXBUSDT)
@BinanceCIS #bStocksCIS $bStocks

Do you necessarily need hundreds or thousands of dollars to invest in and trade tokenized stocks?

With bStocks, the threshold can be significantly lower — Binance states that it may be possible to start with $5. This is made possible thanks to fractional exposure: you don’t need to buy a whole share in order to gain access to changes in its value.

For example, if the price of a particular stock is very high, purchasing a whole number of shares may be out of reach for someone with a small amount of capital. bStocks let you work with a smaller sum, so even $5–10 may be enough to get started, depending on the specific asset, the minimum order size, and product availability.
It’s important to understand: a small start doesn’t mean there is no risk. The value of a bStock can change with the market, and when trading, the spread, liquidity, and other conditions also matter.

So the main advantage of a low funding threshold is not “easy money,” but the ability to begin getting acquainted with a new class of assets $NVDAB
@BinanceCIS s #bStocksCIS $bStocks What does a bStocks 1:1 backing mean? Simply put: each bStock has a corresponding real share that is held by a regulated custodian. That is, one token is backed by one corresponding share—this is the 1:1 backing principle. But there’s an important nuance: 1:1 does not mean that the holder of a bStock becomes a direct shareholder of the company. A bStock is a tokenized security and provides an economic exposure to the underlying share, but it does not grant direct ownership of the share or voting rights in the company. So why is this backing needed? It creates a link between the digital token and the real asset. The number of bStocks in circulation must match the number of underlying shares that are held as collateral. Binance also states that this backing can be verified through Proof of Collateral. Even more interesting is that bStocks operate in a blockchain format: they can be traded on Binance Spot 24/7, and the tokens themselves are BEP-20 tokens on BNB Smart Chain. Availability, however, depends on the jurisdiction and the platform’s requirements. So, 1:1 is not just a number in the description. It’s a key principle of the bStocks model: the digital token is tied to the corresponding real share $AAPLB $SPCXB {spot}(SPCXBUSDT)
@BinanceCIS s #bStocksCIS $bStocks

What does a bStocks 1:1 backing mean? Simply put: each bStock has a corresponding real share that is held by a regulated custodian. That is, one token is backed by one corresponding share—this is the 1:1 backing principle.

But there’s an important nuance: 1:1 does not mean that the holder of a bStock becomes a direct shareholder of the company. A bStock is a tokenized security and provides an economic exposure to the underlying share, but it does not grant direct ownership of the share or voting rights in the company.
So why is this backing needed? It creates a link between the digital token and the real asset. The number of bStocks in circulation must match the number of underlying shares that are held as collateral. Binance also states that this backing can be verified through Proof of Collateral.

Even more interesting is that bStocks operate in a blockchain format: they can be traded on Binance Spot 24/7, and the tokens themselves are BEP-20 tokens on BNB Smart Chain. Availability, however, depends on the jurisdiction and the platform’s requirements.
So, 1:1 is not just a number in the description. It’s a key principle of the bStocks model: the digital token is tied to the corresponding real share $AAPLB $SPCXB
@BinanceCIS #bStocksCIS $bStocks How does a bStock differ from a regular share? At first glance, they may look similar because their value is linked to the price of the underlying share. But there are important differences. A regular share confirms ownership of a portion of the company. A shareholder may have rights provided by law and the issuer’s rules, including the right to vote at meetings and other corporate rights. bStock is a tokenized asset that reflects the value of the corresponding underlying share and is backed by it through a dedicated custody structure. At the same time, the bStock holder is not a direct shareholder of the company, so they do not receive voting rights or other corporate rights that a holder of a regular share would have. Another notable difference is availability. Stock exchanges operate only during specific hours and are typically closed on weekends. Meanwhile, bStocks within the supported Binance ecosystem are available for trading 24/7, giving users more flexibility. {spot}(SPCXBUSDT)
@BinanceCIS #bStocksCIS $bStocks
How does a bStock differ from a regular share? At first glance, they may look similar because their value is linked to the price of the underlying share. But there are important differences.
A regular share confirms ownership of a portion of the company. A shareholder may have rights provided by law and the issuer’s rules, including the right to vote at meetings and other corporate rights.
bStock is a tokenized asset that reflects the value of the corresponding underlying share and is backed by it through a dedicated custody structure. At the same time, the bStock holder is not a direct shareholder of the company, so they do not receive voting rights or other corporate rights that a holder of a regular share would have.
Another notable difference is availability. Stock exchanges operate only during specific hours and are typically closed on weekends. Meanwhile, bStocks within the supported Binance ecosystem are available for trading 24/7, giving users more flexibility.
🦄What are Binance bStocks in simple terms? These are tokenized securities that reflect the value of the corresponding underlying stocks. Each bStock is backed 1:1 by the respective asset, held with a regulated custodian. At the same time, the bStock holder does not become a direct shareholder of the company and does not receive voting rights. In simple terms, it’s a way to get exposure to the price of individual stocks through a digital token within a supported ecosystem. Before using it, you should independently review the product’s terms and specific features. @BinanceCIS #bStocksCIS $bStocks
🦄What are Binance bStocks in simple terms?

These are tokenized securities that reflect the value of the corresponding underlying stocks. Each bStock is backed 1:1 by the respective asset, held with a regulated custodian.

At the same time, the bStock holder does not become a direct shareholder of the company and does not receive voting rights. In simple terms, it’s a way to get exposure to the price of individual stocks through a digital token within a supported ecosystem. Before using it, you should independently review the product’s terms and specific features. @BinanceCIS #bStocksCIS $bStocks
What if buying shares of well-known companies were possible in a tokenized format?? That’s exactly what $bStocks offers — digital tokens tied to stocks. Another step toward combining traditional finance and blockchain. @BinanceCIS #bStocksCIS
What if buying shares of well-known companies were possible in a tokenized format??

That’s exactly what $bStocks offers — digital tokens tied to stocks. Another step toward combining traditional finance and blockchain. @BinanceCIS #bStocksCIS
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