BNB(Binance Coin)

• Issue Time

  2017-07-08

• Total Supply

  157,219,628 BNB

• Circulation

  134,910,476 BNB

• White paper

  https://resource.bnbstatic.com/books/20190418/1555582477981.pdf

• Website

  https://www.binance.com/cn

• Block Explorer

  https://explorer.binance.org/

From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB runs natively on Binance chain. The coin was established with a total supply of 200 million. Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. The BNB coin itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to: - Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year). - Crypto.com has included support for Binance’s BNB token to its platform which includes the MCO Visa Card and mobile app.

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