Topic: BNB token (Read 111 times)
Guys, what do you think about BNB tokens.
Is it possible to reduce the price even if burning continues?
Is it possible to reduce the price even if burning continues?
Now i think about Huobi Token, you can search about it, Houbi exchange sometime has volume than more Binance, volume of Huobi Token now is half of the market value. So if you follow BNB at last year, you will be know what you can do now, forget BNB
Binance, the Hong Kong based exchange released their own cryptocurrency called Binance Coin (BNB). BNB can be used to pay for any fees on the Binance exchange including: exchange fees, listing fees, withdraw fees, etc. Binance also holds a coin of the month poll where the most popular coin can be traded without fees for a month. Voting on this poll requires the use of BNB.
Quarterly, Binance will use 20% of their profits to buy back BNB and burn them, until they buy 50% of all the BNB (100MM) back. The buy-back transactions will all be announced on the blockchain.
Important partnerships
Since BNB coin is an exchange coin, it is not a crypto actively seeking any partnerships, however, it should be noted that every coin that is added to the Binance exchange is a new partnership that will increase the value and uses of BNB. Some other characteristic features of BNB that makes it a viable coin include the fact that:
- Binance is the first exchange to have its own coin
- The Binance exchange is the largest crypto exchange by trading volume
- A 50% discount on fees is guaranteed if BNB is used in trading
- There is a limited amount of BNB, and this amount is being lowered by the Binance team until there is only 50% of the initial coin left.
Quarterly, Binance will use 20% of their profits to buy back BNB and burn them, until they buy 50% of all the BNB (100MM) back. The buy-back transactions will all be announced on the blockchain.
Important partnerships
Since BNB coin is an exchange coin, it is not a crypto actively seeking any partnerships, however, it should be noted that every coin that is added to the Binance exchange is a new partnership that will increase the value and uses of BNB. Some other characteristic features of BNB that makes it a viable coin include the fact that:
- Binance is the first exchange to have its own coin
- The Binance exchange is the largest crypto exchange by trading volume
- A 50% discount on fees is guaranteed if BNB is used in trading
- There is a limited amount of BNB, and this amount is being lowered by the Binance team until there is only 50% of the initial coin left.
Guys, what do you think about BNB tokens.
Is it possible to reduce the price even if burning continues?
Is it possible to reduce the price even if burning continues?
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