Binance, Hong Kong Stock Exchange, launched their own cryptocurrency called Binance Coin (BNB). The BNB can be used to pay any fees on the Binance Scholarship, including: exchange fees, listing fees, withdrawal fees, etc. Binance also owns a month's poll in which the most popular currency can be traded for one month. Voting in this survey requires the use of the BNB.
Quarterly, Binance will use 20% of the profit to buy the NBB and burn it until they buy 50% of the total BNB (100MM) back. Redemption transactions will be announced in bulk.
The inherent elements of the BNB, such as its cold periodic burns, make it an exceptional investment. Some of the characteristics of the BNB that make it viable include:
The next news
April 30, 2018 - Binance Currency (BNB) - Burning Currency
July 31, 2018 - Binance (BNB) - Burn
October 31, 2018 - Binance Currency (BNB) - Burning Currency
Important partnerships
Since the BNB is an exchange currency, it is not a crypto-active partner seeking partnerships, however, it should be noted that each coin added to the Binance Scholarship is a new partnership that will increase the value and uses of the BNB. Other characteristic features of the BNB that make it a viable currency include:
Binance is the first exchange that has its own currency
Exchange Binance quickly becomes one of the most popular scholarships, which directly increases the value of the BNB
A 50% discount on taxes is guaranteed if the BNB is used
There is a limited amount by the BNB, and this amount is reduced by the Binance team until there is only 50% of the original currencies.
Source: http://cryptocoinrankings.com/blog/index.php/2018/03/02/coin-of-the-day-binance-coin-bnb/
https://www.binance.com/?ref=19792322
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