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

 

Allocation

%
Amount (BNB)
Participant
50%
100,000,000
ICO
40%
80,000,000
Founding Team
10%
20,000,000
Angel investors

 

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:

 
1st year
2nd year
3rd year
4th year
5th year
Discount Rate
50%
25%
12.5%
6.75%
no discount

 

 

Repurchasing plan

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.

 

Decentralized Exchange

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.

 

Reference Link

Binance Official Website: https://www.binance.com/