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.
Cryptocoins Exchanges / Binance - 2 years ago
I don't have a Binance account. I was intending to make a trade on a DEX binance network (Pancake Swap), but I have USDC transferred in from Ethereum. I've never owned BNB before, but it seems that I can't even buy BNB without BNB, making...
Cryptocoins Exchanges / Binance - 2 years ago
I’m afraid I’m a newb who recently started using pancake swap but idiotically deposited entirely in cake without bnb. As such I can’t move or convert it anywhere as I don’t have the tiny bnb need for gas. I’d buy bnb with fiat on Binance, but my bank...
Cryptocoins Exchanges / Binance - 2 years ago
EverETH and EverBNB were both trending #2. Both projects are copy and pasted. About 95% of crypto projects turn you into the project. There are pictures on Twitter "EverETHofficial" of those who are recieving bags of food. All of the vids...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin’s inability to reclaim the 20-day EMA is a sign that selling in BTC and altcoins remains a threat. Bitcoin’s (BTC) price action has been uneventful in the fi...
Cryptocoins Exchanges / Binance - 2 years ago
Are there any apps where I can literally just open the app and the conversion is right there. I know you can use like coingecko etc but like they need you to select the currency etc and it’s more effort than it needs to be for someone who constantly...
Cryptocoins Exchanges / Binance - 2 years ago
Check out this awesome vid on getting BNB fast with sniping bot: https://youtu.be/0ZD0DbGZtus submitted by /u/hawkeyeluffy10 [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Hello thank you in advance for helping. I work for a crypto currency and we want to create an e-commerce website with custom merch of our token. I am looking for a company or fulfillment center that can allow for custom merch, e.g stickers, t-shirts...
Cryptocoins Exchanges / Binance - 2 years ago
What’s the easiest way to export all the BNB delegate rewards? I have been using binance wallet. submitted by /u/NHLroyrocks [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and most major altcoins are attempting a recovery from their strong support levels, indicating that traders continue to buy on dips. Bitcoin (BTC) and most maj...
Cryptocoins Exchanges / Binance - 2 years ago
???????????? #Story_Of_BNB ???????????? In June 2017, my daughter was born in my house. I thought of investing for my daughter's future. Checked all about Mutual Funds, Life Insurance and Savings Schemes. But I didn't feel right. Then I hea...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and most major altcoins are facing selling at higher levels and buying on dips, signaling a consolidation in the short term. The S&P 500 is trading near it...
Cryptocoins Exchanges / Binance - 2 years ago
My 42 BUSD stuck in MetaMask Because I don't have 0.0017 BNB for fees CAN SOMEONE HELP .PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE PLEASE submitted by /u/Yahia_ek [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
hey fellow binancians, with BEP-95 and Auto burn in place, why is the supply not reducing on exchanges ? submitted by /u/zaincoder [link] [comments]