I have been wondering about something for a time and I do not think anyone has given me a straight answer: why do people always go back to Binance when the markets have a problem? It is not because the big exchange companies have ideas. It is because they are reliable.
They can handle things without any issues. There is no shaking or stopping. You do not get warnings that the system is not working well at the times.
Fogo is the main blockchain system I have seen that says it is competing with the big exchange companies, not other blockchain systems. The whole system is made to get rid of the problems that keep investors using the big exchange companies.
* The system only works with a client so there are no problems when different parts of the system try to work together.
* The people in charge of the system are professionals so it is always working well not like some systems where people are just trying to keep their computers running.
* The system gets its pricing information directly from a source so it is always accurate.
The warning that Binance put on Fogo says it is still early and things can change quickly. The fact that Fogo is worth eighty five million dollars tells us that nothing is certain yet.
If Fogo can give us a trading experience that's similar, to the big exchange companies but completely on the blockchain then we will have to rethink where big investors should put their money.