Binance Coin (BNB)

One of the biggest exchanges in the world, Binance, introduced the Binance Coin (BNB) in August of 2017. There are 200 million tokens in total, and depending on platform trade volumes, Binance conducts a burn each quarter. According to officials, there will ultimately be a 50% burn of all BNB tokens, bringing the total amount of tokens down to 100 million. The decentralized exchange DEX and the Binance Chain are already in place at Binance, and the company has said that the BNB coin will be important to the development of the Binance ecosystem.

Similar to exchange tokens, BNB is closely linked to the features and services of the exchange, such as the Binance DEX and ICO launchpad. BNB gives consumers a discount on platform costs and serves as a base pair for several well-known tokens. Its success in 2019 has drawn a lot of attention, as Binance has been constantly adding new services that let users to utilize the BNB coin. 

Although the reductions using BNB token are substantial, they will decrease by half annually. Fees are discounted by 50% in the first year, 2018, 25% in the next year, and so forth until the fifth year, 2022, at which point the reductions end. Binance has said that they would keep the 25% discount in place for the third year of 2019, even though it is now in the second year of the deal. The BNB coin, which provides costs that are half of those of any other trading pair, is also prominently featured here. The platform just established a margin trading option. 

Numerous insiders in the cryptocommunity have praised the coin for its great performance and business approach, and it is still performing strongly.

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