Binance Coin BNB
Use it to get discounts at Binance Exchange
This token is a cryptocurrency that was created by one of the leading digital currency exchanges Binance. The token can be used to pay any fees on Binance exchange platform. Moreover, paying the fees in the native currency gives users significant discounts: 50% during the first year, 25% in the second, 12.5% in third and 6.75% in the fourth year.
Binance Technical Details and Buyback Plans
Token’s ticker symbol is BNB. It is based on Ethereum platform, and a strict limit on maximum amount supply of 200 million BNBs has been introduced. Half of the sum was distributed through the ICO, and the rest is intended for the founding team and investors. Every quarter of the year Binance is going to use 20% of its profits to buy back and destroy BNBs until their remains only 100 million tokens.