1. Introduction:Binance Coin is a token issued by Binance, abbreviated as BNB, which is a decentralized blockchain digital asset based on Ethereum
1. Introduction:
Binance Coin is a token issued by Binance, abbreviated as BNB, which is a decentralized blockchain digital asset based on Ethereum. The total issuance amount remains constant at 200 million, and BNBs are destroyed quarterly based on the trading volume of the Coin Security platform. The destruction records will be published as soon as possible, and users can query through the blockchain browser to ensure transparency and transparency until a total of 100 million BNB coins are destroyed.
BNB, as a fuel for the Binance ecosystem and decentralized exchanges, has been applied in multiple scenarios. For example, using BNB to offset Binance transaction fees can earn a maximum discount of 50%. BNB can be used for payment in MonacoVisa and APP applications, and virtual gifts can be purchased on Uplive live platforms. At present, BNB ranks firmly in the top 20 globally, with the best ranking being the top 10 globally, and is supported by blockchain enthusiasts in over 180 countries and regions worldwide.
2. Distribution ratio:
1. ICO has publicly issued a total of 100 million BNB, accounting for 50% of the total issuance proportion. It is also conducted on three platforms: Coin On Official Website, RenRenICO, and Coin Jiuwang.
2. The founding team members held 80 million BNBs in the early stages, accounting for 40% of the total issuance proportion.
3. Famous industry insiders hold 20 million BNBs through angel round financing, accounting for 10% of the total issuance proportion.
3. Value and repurchase mechanism
1. Discount deduction for transaction fees on the Coin Security platform:
Users who participate in transactions on the Coin Security platform, regardless of the type of token they trade, will receive a discount on the transaction fee if they hold a full amount of BNB (see the table below for specific discount rates). The equivalent amount of BNB will be calculated based on the market value at that time, and BNB will be used to complete the payment of the transaction fee.
Discount rates of 50%, 25%, 12.5%, 6.75%, and no discount.
2. Repurchase mechanism:
After the launch of the Coin Security Platform, we will use 20% of the net profit of the platform for repurchasing BNBs every quarter. The repurchased BNBs will be directly destroyed, and the repurchase records will be published as soon as possible. Users can query through the blockchain browser to ensure transparency and transparency until a total of 100 million BNBs are destroyed.
3. Decentralized trading "fuel"
BNB is the fuel for the decentralized online trading platform of Coin An. When using Coin An's decentralized trading platform, BNB is required, including various diversified functions such as deduction of handling fees and rewards.
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