BNB News

BNB is the ticker for Binance Coin, the proprietary coin of the Binance network. The BNB token is central to the operations of all elements of the Binance platform. It offers discounts on the Binance exchange, allows potential investors to contribute to ICOs on the Binance Launchpad platform, and will be used as one of the key base assets on the forthcoming Binance decentralized exchange, as well as being used as the gas to be spent. As per the whitepaper, Binance uses 20% of the profits each quarter to buyback and burn BNB, until 50% of the total supply (100 million) is burned.