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Move your NANO off of Binance, please

Binance

Cryptocoins Exchanges / Binance 218 Views

If you have nano on Binance and have no interest on using it for trading, i ask you please to move it on your wallet and delegate it there. Binance has 29.5% of the total Nano supply and it just needs 3% more and it can virtually lock all transactions (if they wanted to) since NANO needs 67% Quorum to validate transactions. I obviously don’t think they will do that because the reputation loss would offset the damage done but holding your NANO on binance doesn’t benefit NANO centralization nor yourself, because a centralized coin won’t look as tasty as a decentralized one, it gives too much power to a single node, and in this case Binance node. A good wallet is Natrium. Thanks for your time.

submitted by /u/Cookiesnap
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