Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB started on the Ethereum blockchain and followed the ERC20 token standard. 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. On April 23rd, 2019, Binance launched their mainnet. BNB will be the native coin on the Binance Blockchain. 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 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.
Crypto Winter to Spring: Key Factors That Brought Bitcoin Back to Life
BTC Could Hit $10K, 'Stay Away from North Korea,' Akon City: Hodler's Digest, Jan. 13–19
Why Centralized Exchanges Are Decentralizing
How Real World Use Cases Will Drive Crypto Growth in 2020
Peter Schiff Lost His Bitcoin, Claims Owning Crypto Was a 'Bad Idea'
Top-5 Cryptos This Week (Jan 19): BSV, DASH, ETC, MIOTA, BCH
Bitcoin Price Drops Over $500 in 5 Minutes, Top Altcoins Also See Red
Bitcoin Bull Market Gains Steam, Breaks $9K for the First Time in 2020
WisdomTree Grows a Stablecoin Today to Nurture a Crypto ETF Tomorrow
Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
Bitcoin Price Ready to Push Above Key Resistance to Hit $10,000
'Weak Hands Are Out' — Trader Who Called $20K Bitcoin Top Calls Bottom
Bitcoin SV Drops 40% as Lawyer Admits Craig Wright Has No Private Keys
New Analysis Finds That Mondays Are the Best Days to Buy Bitcoin
It's Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs
Ethereum 1.x Devs Focusing on 'Stateless Clients' to Curb Chain Bloat
Plaintiffs Move to Combine Their Market-Manipulation Lawsuits Against Bitfinex and Tether - CoinDesk
Grasping Lightning: Mapping the Key Players in Bitcoin's Next Phase - CoinDesk