Binance Coin

Binance Coin (BNB) cryptocurrency was created as an exchange token based on the Ethereum blockchain. As a part of the trading platform, this digital currency was designed to draw attention to the exchange itself in the shortest possible term. In the long-term development, the exchange plans to switch to the decentralized basis of the blockchain. The Binance Coin cryptocurrency meets the integral parameters of high-grade digital money, but the developers have also revised a number of key aspects. The development of the Binance Coin cryptocurrency is based on the success of its exchange. If the plans for the transition to a decentralized basis are confirmed by real actions, then this virtual currency has a significant potential for growth as a native asset of the Binance exchange.

Binance Coin (BNB) powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more. Binance Coin (BNB) is the cryptocurrency of the Binance platform. The name "Binance" is a combination of binary and finance. As of 2019, many businesses accept BNB as a form of payment.

Binance Labs is a blockchain technology incubator. Binance Labs focuses on pre-ICO projects and teams. Leveraging Binance's connections, network and influence in the crypto space, we help you expand your reach in the industry. As a project incubated by Binance Labs and provided you hit all your milestones, you will get priority consideration for ICO on Binance Launchpad, where many ICOs finish in less than 60 seconds. You will receive priority consideration for listing on Binance.com, one of the most popular crypto exchanges in the world.

Binance plans to destroy BNB each quarter based on the trading volume on our exchange, until 50% of the total BNB supply (100 million BNB) is burned. All transactions will be recorded on the blockchain. Eventually, only 100 million BNB will remain in circulation.