- Jun 15, 2018
Binance Coin (BNB) is a token of Hong Kong-based Binance exchange, created under the customer loyalty program of the platform. With the help of this coin, Binance users can pay a transaction fee with 50% discount during the first year of trading. With each following year of trading, the discount is reduced by half until it reaches 0%. Binance Coin is an Ethereum-based cryptocurrency that can be used only within the Binance exchange. The exchange's developers intend to turn Binance into a fully decentralized and full-fledged platform with advanced functionality.
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