Review on Binance Coin by saly raybon
binance's special currency
binance coin or BNB is a cryptocurrency created and offered by binance exchange.
The main purpose of building BNB was to facilitate the internal activities of this exchange. BNB can be used to pay for various exchange fees (withdrawals, exchanges, etc.). Binance has a program called Binance Launchpad, which allows users to participate in initial exchange transactions (IEO) by paying a fee with BNB.
In addition, binance users will receive a certain discount for each transaction with BNB: 50% discount on all transactions in the first year, 25% discount for the second year, 12.5% for the third year and 6.75% for the fourth year. . Discounts expire after the end of the fourth year.
Binance has signed contracts with various companies to expand the use of BNB. One of these contracts has been signed with Uplive, Asia's largest streaming video platform. The platform has more than 20 million users and sells BNBs as virtual gifts. Monaco is another large platform that supports BNB, an innovative payment platform and cryptocurrencies that can be used by BNB in mobile applications and visa cards.
Pros
- Discount for exchange fees
Cons
- didn't find
