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What is Binance Coin?
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 buy back 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.
How to buy Binance Coin at a legit cryptocurrency exchange?
The most popular and well-respected cryptocurrency exchanges are Coinbase, Binance, and Crypto. They have been in the industry since the inception of crypto. To buy the crypto you are looking for, simply register for any of the cryptocurrency marketplaces below and claim the bonus sign-up offer as well.
Become an Insider
Binance Coin price prediction
Given the increase in the number of traders 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.
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