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
???? SANTA INU BUY & HODL CONTEST #2 ???? Welcome to our SECOND buy contest! This is for all investors big, medium, and small and it's very easy to participate! For every 0.2 BNB buy, you are entered into a raffle to win ????????$1500????????...
Cryptocoins Exchanges / Binance - 2 years ago
Hi everyone. So I have eth-pegged bnb on the binance chain and want to swap it. Im in NYC so I can't get BNB. I will paypal someone $10 for 2$ worth of BNB. If this works message me and I can paypal you first and give my wallet address. Thank you...
Cryptocoins Exchanges / Binance - 2 years ago
Hey guys. So basically I got some LTC in my wallet and I want to transfer it to trust wallet. But when I try to transfer it tells me I need some BNB to make the transaction happen. I don’t really want to buy some bnb for 10 or 20 USD because i will n...
Cryptocoins Exchanges / Binance - 2 years ago
The Game is launching on Pancakeswap TODAY at 14:00 UTC! Contract https://bscscan.com/address/0x468ba6648Ce8b3238536CD958F4806228efC3EF4 THE new Blockchaingaming and PlayToEarn Ecosystem. After a sold out Presale, the first Partnership with Kephi Gal...
by COINS NEWS - 2 years ago
You might be tempted to pull from your core holdings to buy into new and exciting projects, or just the latest coin that is pumping. It’s easy to slip into this pattern and after awhile you’ll be holding bags of random coins that have sense dropped i...
Cryptocoins Exchanges / Binance - 2 years ago
Hey, I have been unable to convert some tokens I have to BNB as I lack the required amount of BNB. To try and solve this I bought some BNB, £15 worth but the minimum amount to withdraw is now a whopping £140 on Binance which is ridiculous honestly. I...
Cryptocoins Exchanges / Binance - 2 years ago
I want to get 2$ worth of BEP20 BNB To do a transaction on PCS. The current minimum withdrawal on Binance for BSC BNB is 0.3 BNB :((((. Any help or any idea? submitted by /u/yoloyodo22 [link] [comments]
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place. Bitcoin (BTC) and most major...
Cryptocoins News / NewsBTC - 2 years ago
Blockchain technology is solving a lot of problems across multiple sectors of the global economy and, apparently, starting a meme gold rush (Source: NBCNews) on the sidelines. But do you ever wonder if there is anything that blockchain can never do?...
Cryptocoins Exchanges / Binance - 2 years ago
Im currently staked in stake2me for BNB. But the APR went to 0% despite being an active validator. Why is that so? Stucked because i need to wait for 7 days to redelegate. Please help. submitted by /u/Significant_Art_4138 [link] ...
Cryptocoins Exchanges / Binance - 2 years ago
I’m preparing myself for when it’s time to cash out. The customer service for Binance isn’t great and also withdrawal options have a lot pf restrictions. So I’m wondering what can I swap BNB into that I can withdraw elsewhere? submitted by ...
Cryptocoins Exchanges / Binance - 2 years ago
I'm trying to exhange some bsc-wrapped flux but I dont have BNB for the exchange. It says I need 0.003 which means less than that but getting it would be alot of hassle, and cost way more to get off the exchange. Long story short, does anyone kno...
Cryptocoins Exchanges / Binance - 2 years ago
KING MUFASA Pre sale now live! ????THIS GEM is in OVER Demand ???? BUY NOW https://www.pinksale.finance/#/launchpad/0x27B0F15D566050C4bf27A02A4b96038794879bc5?chain=BSC ????25% of Private Sale Filled in Under 28 Minutes ???...
Cryptocoins Exchanges / Binance - 2 years ago
I’ve been thinking about grabbing some cake and staking it at these prices, and just wondering what I should expect with network fees right now before I make my next move submitted by /u/LargeMain [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Need some bnb dust to cover up for a transaction in trust wallet. Has some little dust of some coins in my binance. But minimum amount required is 0.02bnb to send from binance to trust. I'm at a crossroads here. What to do now?? Are there any fau...
Cryptocoins News / The Cointelegraph - 2 years ago
Bitcoin and most major altcoins are struggling to find bullish momentum, a possible signal that prices could continue to erode. Bitcoin (BTC) and most major altcoins c...
Cryptocoins Exchanges / Binance - 2 years ago
Can you swap with WBNB as the token for the gas fees on bsc. Would there be an advantage to that, would the gas fee be lower than of BNB? submitted by /u/BigdadEdge [link] [comments]
Cryptocoins Exchanges / Binance - 2 years ago
Hello to you all, I would like to tell you a mishap I had while transferring funds to Binance, as some of you have already done. I submitted the usual form to recover funds but it got cancelled after 3 days stating that the wrong MEMO actually belong...