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What can you do with your Binance Coin?
What is Binance coin?
Binance Coin (BNB) is an ethereum-based (ERC-20) token that can be used to trade cryptocurrencies and pay for fees within the Binance exchange. BNB tokens can be used to pay fees on the exchange, with the incentive being that Binance offers a rebate as an incentive for up to five years of membership.
When was it created?
Binance completed its initial coin offering (ICO) of 100 million BNB on July 21, 2017.
What can you do with it?
BNB, or the Binance Coin, is the token of the popular Binance cryptocurrency exchange. Its main function is for paying fees, and using it in this way results in a discount on exchange fees. The BNB token also serves other purposes and will be crucial to the planned Binance Chain launch.
How much can I buy?
You can buy as little as $15 worth of Binance coin. Check the price of BNB.