Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20. Click Here for Detail
P.S. Binance ICO coin has been distributed via Binance offcial website ( www.binance.com), RenRenICO and Btc9.com.
BNB Value & Repurchasing Plan
You can use BNB to pay for any fees on our platform, including but not limited to:
- Exchange fees
- Withdraw fees
- Listing fees
- Any other fee
When you use BNB to pay for fees, you will receive a significant discount:
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
In the future, Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent.
Binance Official Website: https://www.binance.com/