About Binance Coin
Binance Coin (BNB) is an ERC20 token issued on the Ethereum blockchain by the cryptocurrency exchange Binance. With this cryptocurrency you can pay commissions for transactions on the exchange. If you decide to do so, you will receive additional discounts. The token was established with a total supply of 200 million. Binance plans to use 20% of the profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned.
bitcoin wiki contributors. (2019, July 30). Binance Coin. In bitcoin Wikipedia, The Free Cryptocurrency Encyclopedia. Retrieved 10:37, August 6, 2019, from https://en.bitcoinwiki.org/index.php?title=Binance_Coin&oldid=361724