When Binance takes a close interest in Cardano !

As if its involvement in the case of Justin Sun's takeover of the Steem network wasn't enough, the famous Binance exchange platform is once again making a name for itself. As everything is good to make money on the backs of cryptos holders and in a logic of capitalism decomplexed pushed to its paroxysm, Binance has found nothing better than to launch into the creation of pools on the Cardano blockchain. A particularly lucrative venture given the potential gains generated by a relatively easy stacking system and proof of a growing interest in its promising technology.

Of course, far be it from me to criticize this approach which, by the way, can quickly appear to be outrageous but which nevertheless follows a logic of making a profit. Certainly, there is nothing wrong with a company benefiting from this financial windfall. However, it is a question of pointing the finger at the way in which the giant of the cryptos marketplace goes about achieving its ends.

There are no small profits !

Because it is not two or three pools created for the occasion but 18! A figure that literally makes you dizzy with the means used by the exchange platform. A presence on the network which has the consequence of giving a considerable position and an equally important influence. Some people are delighted about this and see it as another step towards the decentralization of the Cardano blockchain. Others, however, believe that this involvement remains a potential danger and a stake in the liquidity available on the platform itself.

We can never repeat it enough but your cryptos thus stored on these market places are in no way your properties ! With nearly 2.21% of the available volumes, Binance holds a significant share of the available volumes that will be important in the decision making process. In addition, the pools created will make a 6% margin on the back of ADA token holders ! In this kind of way, we use your assets to get the most out of the digs, we can't do any better...

But the facts must be qualified, because the fair distribution of the stack in the numerous community pools will help to counterbalance this apparent domination. According to the figures announced by the network, 50% of the tokens are distributed fairly. Reassuring data, but not excluding a disaster scenario. It is therefore up to investors and network players to be cautious in order to support the interests of the community in place.