BNB


Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



by COINS NEWS - 3 years ago

If you're wondering why BNB and DOT are pumping

If you use Binance, you will most likely have already seen this, but if you don't use Binance then allow me to explain. This pump happens every time there is a new launchpool advertised on Binance. The launchpool is a farm of a new token which i...

Cryptocoins Exchanges / Binance - 3 years ago

Cheapest Way to Buy BNB?

I've officially given up trying to get verified on binance.us and i can't use regular binance. What's the most affordable way to obtain BNB with fiat? it can't be through trust wallet / simplex, it's basically highway robbery. any...

Cryptocoins Exchanges / Binance - 3 years ago

BNB vault and Launchpool

Hey guys im wondering if i stake my BNB in BNB vault, will i also get Launchpool rewards or do i have to stake the BNB in launchpool? Im curious about the current launchpool project Automata (ATA) submitted by /u/TemplarDon [link] ...

Cryptocoins Exchanges / Binance - 3 years ago

Stacking My BNB Coin

Hello Everyone . I have been new to crypto and started investing in BNB coin . I have bought a good amount of BNB at dip . For the first time I am trying to stack . On binance , you can stake your bnb for a month. Is it a good decision ? I have alrea...

Cryptocoins Exchanges / Binance - 3 years ago

Unable to withdraw BNB from Binance.US

Has anyone had issues withdrawing BNB or even USDT lately? For the past 4 days, I have tried to withdraw BNB from Binanace.US to my Trust Wallet, or to KuCoin, but each time it takes hours for the withdraw request confirmation email to arrive, and wh...