Learn everything about Binance Coin

About BNB

Binance Coin (BNB) is an ERC20 token issued on the Ethereum blockchain by the popular cryptocurrency exchange Binance. With this cryptocurrency, you can pay a сommission for transactions on the exchange. And if you decide to do so, you will receive additional discounts. In the first year, you will be able to get a discount – 50%, in the second – 25%, in the third – 12.5%, in the fourth – 6.75%. The token was established with a total supply of 200 million. As per the Whitepaper, Binance plans to use 20% of the profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned. The BNB token allows you to receive discounts on the services of the Binance platform – a cryptocurrency exchange, which in the future will become a decentralized exchange of blockchain assets. BNB also provides users with access to advanced features to be used on the new decentralized exchange.