While Binance Coin (BNB) may be up there as one of the top crypto tokens from a highly rated crypto exchange platform, a new rival is coming onto the stage to disrupt Binance’s dominance. Unlike the Binance exchange, the Pullix (PLX) exchange will be launching on the blockchain network with more adaptive features suited for future trading. Its native token, PLX, has been projected to rally by over 100x in the year, with analysts picking it as one of the best cryptos to invest in 2024.
Binance (BNB) Exchange Gets Stiff Competition
Binance Exchange has maintained its position as the biggest crypto exchange across the globe based on daily trading volume. However, that title may be under threat soon as the Pullix exchange platform is set to launch on the blockchain. The Pullix revenue sharing model, which allows token holders to get a share of the platform’s revenue, could be a catalyst that will help the platform overtake Binance sooner than anticipated.
Meanwhile, the efficiency of Binance in the crypto industry cannot be overlooked, having created other sub-projects like Binance Chain, Binance Academy, Trust Wallet and Research projects, among others.
In another development, the Binance Coin (BNB) has been maintaining a price value above the $200 mark since 2021, according to data from CoinMarketCap. Within the last month, the Binance Coin price recorded a 7% increase to consolidate its price value above $300. Overall, BNB is a top crypto project. However, the cheap price point of PLX and the revenue share model could push more investors to the project ahead of BNB.
Pullix (PLX) Launches in 70 Days, Can It Rival Binance?
Pullix (PLX) will be implementing a game-changing model into its hybrid exchange to make trading more profitable for individuals. As a trade-to-earn exchange, the Pullix platform will be introducing a revenue-sharing model where token holders will be given a percentage share of the revenue generated on the platform.
Also, the Pullix exchange will enhance the trading experience of members by synergizing the best features of DeFi and CeFi exchanges to create a unique hybrid exchange platform on the blockchain network. Similarly, multiple cryptocurrencies can be traded on the platform, including Binance Coin, Bitcoin, Ethereum, and more.
While currently at the 7th stage of the presale, the PLX token, an ERC20 token built on the Ethereum blockchain, is sold for $0.10 alongside a 25% bonus, which is available for all customers. The Pullix platform has recorded over 15,000 members and has raised over $5 million so far in the presale. Early investors of the project have recorded over 150% ROI.
With two more stages of presale before the project launch in 70 days, the PLX presale is now recording more influx of investors who are discovering the massive potential of Pullix both as an exchange platform and as a token. Judging from the bullish market factors, experts have tipped the PLX token to gain 100x in price value after launch.
One of the standout market factors that can lead to a PLX price surge is the token burn feature. This feature aims to reduce the circulation of the PLX token by burning a significant percentage. As such, the scarcity that this burning model will cause will trigger a value increase over time. At the current price trajectory, investors still have the opportunity to invest in the PLX token, which experts pick as one of the best cryptos to invest in 2024.
For more information regarding Pullix’s presale see links below: