【BNB / Binance Coin】

Market capitalization 5.94 trillion

Binance Coin is a virtual currency issued by Binance, one of the world's largest virtual currency exchanges, for the purpose of activating exchanges.

Binance Coin is a token used within the Binance virtual currency exchange.

Binance Coin is a token used within the virtual currency exchange Binance.

BNB is issued for the purpose of stimulating transactions within Binance, so you can receive a discount by paying transaction fees with BNB.

BNB is issued for the purpose of stimulating trading in Binance, so you can get a discount by paying a transaction fee with BNB. The normal transaction fee in Binance is 0.1% of the transaction amount, so for example, in the first year, the fee will be 0.05% (=0.1% x 50%).

This is available for IEOs conducted by Binance.

Binance, the issuer of the BNB, uses 20% of its profits to buy back the BNB every quarter, making it unusable (burned), thereby reducing the supply of BNB in the market and increasing its scarcity.

The number of BNBs issued is 200 million, but the company plans to continue burning BNBs until it has 100 million, or 50% of all BNBs issued.

Binance is currently a virtual currency exchange with a central administrator (=Binance), but plans to build a decentralized exchange (DEX) without an administrator in the future.

BNB is an Ethereum-based token that complies with ERC20, a unified technical standard for tokens created using the Ethereum blockchain.

The BNB is an Ethereum-based token that is ERC20 compliant. 80 million BNBs, or 40% of the total 200 million BNBs issued, have been allocated to the Binance team as compensation.

Of course, you can buy BNB on Binance.

Official website : https://www.binance.com/
Twitter : https://twitter.com/binance
Github : https://github.com/binance-chain/