Binancecoin Live Price, Charts, News – How to Buy Binancecoin

Binance Coin (BNB) is the platform's cryptocurrency. It's a cryptocurrency-only trading platform. "Binance" is a mix of the terms "binary" and "financial". To demonstrate that only cryptocurrencies may be exchanged against each other, the startup's name was chosen. Cryptocurrencies cannot be traded against the dollar. Within a short period of time, the platform became an immense success and is now focused on the global market from its headquarters in Malta. The daily trading volume of cryptocurrencies is now between $1.55 billion and $2 billion, and it's continually rising. There will be 200 million BNBs in all. ERC20 tokens from Ethereum are used by Binance, which distributes them as follows: The ICO raised 50%, the team 40%, and the Angel investors 10%. Paying Binance fees using the currency is possible. Fees for trading, transactions, and listing are only a few examples. When fees are paid in BNB, you get a significant discount from Binance. The BNB discount schedule is as follows: There is a 50% discount on all fees for the first year, a 25% discount for the second year, a 12.5% discount for the third year, a 6.75 percent reduction for the fourth year, and no discount beyond that. To encourage people to acquire BNB and trade on Binance, this framework has been put in place. According to the company's buyback strategy, Binance intends to repurchase up to 100 million BNB during the first quarter of 2018. Later, the coins are destroyed by fire. To put it another way, they're being devalued to raise the value of the coins that remain. Investors will gain from this. To maintain the trading platform, bitcoin will be utilized as gas in the future. These include Bibox Token, OKB Token, Huobi Token, and many more.