At the same time as the market crashes, there is a mysterious currency that shows great hope to potential investors, which is Binancecoin (BNB). Does this currency sound very familiar? That's because Binancecoin is the native currency of Binance, the world's most famous cryptocurrency exchange
At the same time as the market crashes, there is a mysterious currency that shows great hope to potential investors, which is Binancecoin (BNB). Does this currency sound very familiar? That's because Binancecoin is the native currency of Binance, the world's most famous cryptocurrency exchange. Due to its superior recommendation plan, short downtime, and low fees, this Chinese exchange has gained incredible popularity in just a few months.
Binancecoin (BNB) is a token issued by the Binance platform, with a constant total issuance of 200 million and a public issuance of 100 million, with a guarantee that it will never be reissued. BNB is a decentralized blockchain digital asset based on Ethereum, which is an ERC20 standard token based on Ethereum blockchain. Since the establishment of ICO at the end of July 2017, the value of Binancecoin has skyrocketed, surpassing the top 20 on CoinMarketCap. Currently, Binancecoin ranks 15th on CoinMarketCap in terms of market value, with a trading price of $14.75 and a market value of $1682428345. Binancecoin has increased by 2.42% in the past 24 hours, which seems to be the reason for successfully combating the downward trend.
Due to Binancecoin being the official cryptocurrency of a well-known exchange, it is designed to support the Binance platform and includes all its unique features. Due to the presence of BNB tokens, discounts on the platform are also possible. For example, if users use BNB tokens, the exchange offers a 50% discount on transaction fees to their users.
All costs will be lower if you use coins for up to four years. The discount rate for the first year is 50%, the second year is 25%, the third year is 12.5%, and the fourth year is 6.75%. The typical fee for encrypted exchanges is usually around 0.25% or more. On the other hand, the cost of Binance is usually around 0.10%. This is also one of the main reasons why Binancecoin has maintained its value well and will continue to grow in the future.
As Binance is already a major brand, not only in China, the company is likely to join various partnerships this year So far, the most noteworthy collaboration is with the Near Earth Object Intelligent Economy, which is an interesting blockchain project from China.
Binancecoin is not only a profitable long-term investment, but also a great short-term investment. Binance coins are a great coin because they are supported by one of the most powerful exchanges.
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