Why you should buy Binance Coin (BNB)!

Binance has created its own crypto coin which is known as BNB. It is used as an optional method for paying the exchange’s fees which include the following: Trading fees – of buying or selling coins, listing fees and withdrawal fees.

When you are using BNB coins, you will get 50% discount for the first year of your account, 25% for the second year, 12.5% for the 3rd year and 6.25% for the 4th year of your account.

BNB tokens are also used for Binance Launchpad which is a way to invest in particular ICOs on Binance. These ICOs will get listed on Binance exchange past ICO.

Binance is planning to use 20% of its profit to buy back the BNB from the open market.

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:

Discount Rate

1st year - 50%

2nd year - 25%

3rd year - 12,5%

4th year - 6,75%

5th year - 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.