$BNB What is the BNB digital currency project?
Binance Coin, or BNB, is a native digital currency of the Binance cryptocurrency trading platform that was created on the Ethereum blockchain using the ERC20 standard. Binance has issued a maximum of 200 million BNB. The coin was launched in July 2017, through an Initial Coin Offering (ICO) that placed 20 million BNB to angel investors, 80 million to project contributors and the remaining 100 million to several people who participated in the ICO.
What are the benefits of Binance coin?
1. Fast transactions:
If you use BNB to trade on Binance, you will have access to the platform's matching engine which can support up to 1.4 million orders every second. You can always find a trade you like, and using BNB makes it faster and more reliable.
2. Security:
Binance already has millions of cryptocurrency users and traders who rely on the platform and trust Binance's security and protection features.
3. Discount on trading operations:
BNB offers a 50% discount on trading fees, as we mentioned earlier.
4. Participation in ICOs/IEOs:
Binance Launchpad is also hosting new token sales where private BNB can be used to buy a stake in a new coin coming to trading on the platform.
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