BNB Review
What is Binance Coin (BNB)? Binance Coin is a digital currency issued by the Binance cryptocurrency exchange. BNB was originally launched on the Ethereum blockchain, but is now available on BSC's own network. Binance Coin can be used to pay fees on the Binance exchange. Now Binance is the second largest cryptocurrency exchange and the work of the team is so promising that Binance has every chance of becoming the number one exchange. To motivate users to use Binance Coin, the developers have created a discount system. Users receive discounts on the transactions they make. The system looks like this:
- 1st year - 50%
- 2nd year - 25%
- 3rd year - 12, 5%
- 4th year - 6.75%
- 5th year - no discount
BNB cryptocurrency< /h2>
Binance was founded in 2017. Its developers are Changpeng Zhao and Roger Wang. In August 2017, Yi He joined the team. Yi He was one of the co-founders of OKcoin. It is known for its ability to grow technological products. Binance was originally headquartered in Shanghai, but after they were banned by the government, the headquarters was moved to Japan. In March 2018, they also received a warning from the Japanese government. They are now officially located in Malta. The total supply of BNB tokens is 200 million. From July 14 to July 17, 2017, the company held an official ICO.
Benefits of BNB
- Intuitive user interface.
- Low fees. It's free to fund your account, and orders are subject to a 0.1% trading fee.
- BNB has practical applications on the exchange.
- Transaction speed.
- Available worldwide.
- Binance is scheduled to buy back and burn BNB.
- Growing user base. The more users transact on Binance, the higher the market capitalization of the BNB utility coin.
- It is a multilingual platform.Binance is available in 13 languages.
Disadvantages of BNB
- The success of BNB is closely related to the popularity of the Binance platform. For now, the exchange retains the trust of users, but everything can change.
