Binance Coin is the digital currency of Binance stage. This is the only exchange stage for the cryptographic form of money. The name Binance is a mix between spouse and back.In this way, the name of the startup shows that there is no single form of digital money that can be exchanged with each other. The stage makes colossal progress in a short span and centered around the whole market with China's central station. The digital currency currently has a market capital of between 180-218 million US dollars, of which 18-35 million US dollars are exchanged from day to day.
Binance uses the standard ERC token 20 from Ethereum. BNB should be delivered as needed. half of the coins sold in ICO, 40% went to groups and 10% speculators. Speculators who buy very expansive coins without a moment's delay. The coins can be used to pay Binance trade costs. This includes exchange fees, exchange fees, post fees and etc.Binance gives you a major rebate when fees are paid on BNB compared to BTC.
In the first year of utilization, there was a 50% reduction over all costs, in the second year there was a 25% discount, in the third year there was a 12.5% decline, in the fourth year there was a 6.75% rebate and from the fifth year onwards there was no price reduction. This structure is used as a force that motivates clients to buy BNBs and exchange in Binance trade. @socky