Binance announced around midnight Chinese time yesterday that it is branching beyond being an enterprise-quality consumer token exchange with the launch of Binance Research, an investigative subproject which relays in-depth, objective information on upcoming tokens – presumably, tokens listed on the exchange.
Binance Research is a new pillar of the Binance ecosystem, focused on the creation of institutional-grade research reports with the aim of increasing transparency and improving the quality of information available within the crypto space.
The two reports already posted are rather in-depth and, as noted, objective in nature. They are both footnoted by a lengthy warning against using them for “investment purposes,” although that is obviously their primary purpose for most traders – getting 360-degree information about a potential investment opportunity. The informational nature of the reports means that traders will likely still consult ICO rating and review services like the reputable ones offered at Hacked.com.
LOOM and GoChain First Tokens Reported On
Binance Research already has two reports online: LOOM and GoChain. LOOM is one of many scaling solutions for the Ethereum blockchain. GoChain is an independent blockchain which is interoperable with Ethereum and boasts some improvements but has yet to create the massive steamrolling network effect that would be necessary to truly compete with Ethereum in a realistic way.
The reports break down complex ideas but perhaps not in plain English. It will take some familiarity with the products to fully understand the language used in the reports. As an example, this excerpt from the LOOM report wouldn’t make much sense to someone just getting involved in Ethereum investments:
By using Plasma Cash-based relays to transfer assets across chains,