Admin: Created page with "{{#seo: |title=Binance Coin (BNB) – Exchange, Fees, Review – zaoniao Wiki |keywords=Binance coin, BNB, exchange, Binance, price, currency, wallet, app |description=Binance..."

2019-02-26T04:54:10Z

Created page with "{{#seo: |title=Binance Coin (BNB) – Exchange, Fees, Review – zaoniao Wiki |keywords=Binance coin, BNB, exchange, Binance, price, currency, wallet, app |description=Binance..."

New page

{{#seo:
|title=Binance Coin (BNB) – Exchange, Fees, Review – zaoniao Wiki
|keywords=Binance coin, BNB, exchange, Binance, price, currency, wallet, app
|description=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 transaction fees on the exchange. The developers plan to leave only 100 000 tokens, and the rest will be burned.
}}
<amp/>
[[File:Binance-coin-BNB.png|330px|right|Binance Coin 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.

== Binance Coin Review ==
The BNB token 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 [[Transaction fee|trading fees]] on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year).
* Monaco has included support for Binance’s BNB token to its platform which includes the [[Monaco]] Visa Card and mobile app.
* Uplive platform supports BNB to buy virtual gifts.

In the future, Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent.

===How to buy Binance Coin===
As the BNB token is created exclusively as a digital tool that provides a discount for users of the Binance exchange, it is logical that it can be bought only there. At this point, [[cryptocurrency]] BNB traded in pairs with 40 cryptocurrencies of Binance exchange.

===Price prediction===
Given the increase in the number of [[trade]]rs on the exchange Binance, we can assume that the cost of BNB will continue to grow. And to promote the growth of the cost of tokens, there will be a special policy of the company, which will buy tokens and burn them. The developers plan to leave only 100 000 tokens, and the rest will be burned within a few years. All these factors will contribute to the fact that the cost of the BNB token by the middle of 2018 will be several times higher than the current one.

===Binance Coin Price (BNB)===
The Bitcoin Wiki provides a relevant Binance Coin price and market capitalization of BNB in USD:
<div style="display:none"><div id="coinmarketcap-bitcoin"></div></div><div class="coinmarketcap-currency-widget" data-currencyid="1839" data-base="USD" data-secondary="BTC" data-ticker="true" data-rank="true" data-marketcap="true" data-volume="true" data-stats="USD" data-statsticker="false"></div>

== See also ==
* [[Cryptocurrency list]]
* [[KuCoin Shares]]
* [[Dogecoin]]
* [[Bittrex]]
* [[Buying Bitcoin]]

==External links==
* [https://www.binance.com Binance website]
* [https://twitter.com/binance Binance Coin Twitter]
* [https://t.me/binanceexchange Telegram]
* [https://www.reddit.com/r/BinanceExchange/ Reddit]
* [https://coin360.com/coin/binance-coinprice Binance coin price and market state on Coin360]

[[ru:Binance Coin]]
[[de: Binance Coin]]

[[Category:Alternative cryptocurrency]]
[[Category:Ethereum]]

Binance Coin - Revision history

Admin: Created page with "{{#seo: |title=Binance Coin (BNB) – Exchange, Fees, Review – zaoniao Wiki |keywords=Binance coin, BNB, exchange, Binance, price, currency, wallet, app |description=Binance..."