Here Is Why Binance Coin (BNB) Is The Coin To Have In 2018 And Beyond

Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20.
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GameOfCoins
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Here Is Why Binance Coin (BNB) Is The Coin To Have In 2018 And Beyond

Post by GameOfCoins » Wed Jul 04, 2018 1:11 pm

The Binance Exchange ICO was a huge success to the point where one year later, the exchange flip flops between the number 1 and number 2 positions on coinmarketcap.com and according to daily trade volume. Right now, the exchange is at its usual number one position with $1.486 Billion in daily trade. Sometimes, this daily trade volume was as high as $2 Billion earlier on in the year. This is an amazing feat by the exchange.

The token that was key for the ICO and exchange was Binance Coin (BNB). According to the whitepaper, there would be 200 Million tokens created with 50% being offered to ICO participants.

--- the team at Binance does a BNB coin burn every quarter as part of the design of the exchange as illustrated in the whitepaper. Each quarter, the exchange uses 20% of its profits to buy back and burn BNB up until a total of 100 Million BNB are burnt. However, the exchange does not notify the users of a pending coin burn. It announces the coin burn after the fact to avoid some form of market manipulation in the crypto markets.


https://ethereumworldnews.com/here-is-w ... nd-beyond/

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