Review on Binance Coin by jood walton
BNB
Binance coin (BNB for short) is a cryptocurrency that was originally issued as an ERC-20 token by Binance Digital Currency Exchange, but was subsequently transferred to its own blockchain called "Binance Chain", which is the opposite. Ethereum does not support smart contracts.
This encrypted currency performs many vital functions in the Bainance Exchange ecosystem, including payment of transaction fees, exchange fees, cost of listing various currencies, and many more. The ICO program determined that 10 percent of the total supply Equivalent to 20 million BNB tokens to initial investors, 40 percent to 80 million token to the founding team, and the remaining 50 percent or 100 million to the various participants through the ICO process.
At this point, Binance Exchange was able to raise about $ 15 million in initial capital. If you choose the BNB cryptocurrency for this purpose, you will get a discount. As a result, if you trade a lot in this exchange, it is better to pay the fees using BNB.
Pros
- Pay online after increasing acceptance by sellers and various trading platforms
Cons
- nothing can find
