BNB listing announcement and the due diligence report

use your BNB as collateral. Apply for a loan.

Note: Please be aware that the website has been migrated to a new domain name on the 5th of April, 2020.

MoneyToken launches BNB-backed loans at 10:00, on March 22 (UTC)

Dear Users,

We are delighted to announce results of the Binance Coin (BNB) Due Diligence analysis, and that BNB will be listed as collateral currency on the MoneyToken platform from March 22, 2019.

As we know Binance is the world’s largest and most popular crypto exchange, and the platform of choice for cryptocurrency investors globally – and it’s the favorite platform of the majority of MoneyTokens followers and supporters.

Providing our users with the opportunity to use Binance’s own coin as collateral is a great step forward, and our Due Diligence report provides added analysis that shows the strength of BNB and its future investment potential.

By adding BNB to the platform, MoneyToken extends the choices available to users, as well as enabling users to benefit from both instant liquidity right now, and from holding their investment in BNB long term. The MoneyToken team are delighted to add Binance Coin to our portfolio of collateral currencies; with further currencies planned down the road as our Due Diligence research progresses.

Binance Coin (BNB) Due Diligence analysis

The purpose of the research carried out by the Data Team covers the following 4 areas:

  1. Estimate the actual liquidity of the token
  2. Analyse the behaviour of Trading wallets
  3. Conduct common AML Risk analytics
  4. Analyse the Usage/Utility model of the token

The data team carries out an in depth research of every single transaction, wallet and cluster to understand the future risks, terms and metrics for a particular coin as collateral for lending.
Note: For simplicity in this report the team shares insights from a sample of the latest 10% of transactions, however this still provides some extremely useful analysis as a powerful information tool.

The map of BNB transactions based on the most recent transactions looks like this:

In this map every blue point is a wallet address and every line is a transaction.

Unsurprisingly, the majority of BNB Transactions can be seen to be going through Binance Exchange wallets:

We have marked the incoming and outgoing transactions from those wallets in red below. From this it’s easy to see how significant Binance’s influence on the BNB ecosystem is:

Whilst most of transactions are clearly related to the Binance Exchange, from our further research of the clusters with significant connections we can clearly recognize other exchanges and protocols including:



OMG Smart Token relay

On the map they create recognizable clusters like this cluster

Or this exchange service cluster

In many cases these types of clusters are far from the center of the map, because they have distant or poor relations with other wallets. However, in the center of the map we can see really active trading clusters with large numbers of transactions.

This one looks really interesting, it’s the BNB only trading cluster related to Binance and HitBTC Exchanges:

There are more than 10,000 BNB transactions related to this particular cluster.
If we zoom into the cluster (marked as red) we can see this:

To the bottom left it’s possible to recognize 4 Binance wallets with a large number of connections to the central 0x6ACe7E0abCF0dA3097Fa7155149dccd51E20EF82 wallet, which is accumulating BNB from Binance and HitBTC and sending small transactions to other exchanges and wallets.

If we filter for only the most transacting wallets from the last graph we can see this:

This now shows the previously mentioned Binance Wallets (left side and center), plus the HitBTC wallet 0x59a5208B32e627891C389EbafC644145224006E8 (at the bottom right) and the Arbitrage/doorway address between Hitbtc and Binance (bottom) 0xbDbF7f7135218fc78BEa7E0EbBd6769a31af2976. As you can see there are a very large number of transactions between those 7 wallets (more than 7,000 in our 10% sample), and describing a pattern of trading arbitrage which is definitely a plus for liquidity estimation.

Further data graphs we can see by finding Airdrop wallets like

However we can also recognize some unusual patterns like an Unknown doorway wallet 0x0a2311594059B468c9897338b027C8782398b481
Or a wallet address sending and immediately getting back different tokens

One risky area identified is related to potential “Dirty coins” related to wallet address
0x5B7934cdBb5cD076bd486e0f017AeB777bf0D04c . This wallet has been reported to have accepted fraudulent transactions multiple times, from multiple sources – so the MoneyToken Compliance Team will be definitely be seeking for additional KYC / AML customer check and proof of the source of funds for any coins coming from this cluster.

Whilst this cluster does not seem to be handling a large amount of BNB tokens (analysis suggests around 30-50K USD equivalent), the MoneyToken team will nonetheless be constantly monitoring this cluster, and tracking all coins related to it including DAI, TUSD, ETH and others.


As a result of the team’s analysis we can positively declare that BNB is a token with high liquidity and usage, active trading and exchange clusters, and with a low percentage of airdropped tokens. Only a small percentage of wallets and exchange services associated with BNB need additional AML tracking and control.

Not all exchanges that report high BNB trading volumes have high blockchain transaction volume and holdings in BNB, as we can see the majority of all transaction volume is associated directly with Binance Exchange.

As a result of our analysis, the BNB token will be listed as collateral currency on the MoneyToken platform from March 22, 2019.

Note: Please be aware that
the website has been migrated to a new domain name on the 5th of April, 2020.

© 2022 MoneyToken. All rights reserved.