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Review on Binance Coin by Edison Chaplin
The BNB token are used to pay fees on the binance Exchange including conversion…
The BNB token are used to pay fees on the binance Exchange including conversion, withdrawal, listing, margin and other additional fees. The Binance Exchange gives those who trade the token the incentive to have a 50% lower transaction fee for the first year. For the second year, the discount is 25%, halved every year for two more years, until the discount is canceled in the fifth year. As Bancin's trading volume increases, the token will also gain popularity and develop additional features and programs using the BNB token.
Pros
- it is used to pay for services needed on the platform, such as advertising, coin listing e.t c The Binance tokens are unique in that it buys the tokens back from the market each quarter at the current price. It will continue doing this until half of the tokens are completely burned out. This will stabilize the token and assure its appreciation.
Cons
- None
