Review on Binance Coin by Inioluwa Okedeji
A Review On Binance Coin (BnB)
Launched during an ICO in July 2017, Binance coin BnB is the Crypto coin issued by Binance exchange, majority of other crypto currency exchange platforms also have their own coins.
BnB is expected to fuel and propel the operations of the Binance exchange and it's ecosystem.
BnB runs on the ethereum blockchain network ERC2.0
Bnb, Binance coin has a strict limit of maximum 200billion tokens
Pros
- Binance coins are also put to great use when it comes to investing in certain ICOs that are listed through binance's launch pad programmes
- Bnb is predicted to eventually become the native currency of binance's decentralized exchange (Dex)
- Because of the consistency of Binance exchange platform, BnB's burn percentage in accordance with the scheduled plans indicates its profitability
Cons
- Like every other exchange coin, BnB relies on the Binance exchange platform
