$23.72
1H
-0.81%$-0.1937
24H
-0.90%$-0.2155
7D
-11.01%$-2.94
From the ICO, Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard.The token was established with a total supply of 200 million. As per our whitepaper, Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned. The BNB token itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to: – Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year). – Monaco has included support for Binance’s BNB token to its platform which includes the Monaco Visa Card and mobile app. – Uplive platform supports BNB to buy virtual gifts.
Flamingo Finance (FLM) will be the third project on Binance Launchpool. Users will be able to stake their BNB or BUSD tokens into two the pools to farm FLM tokens over 30 days from Sep 27. Binance will then list $FLM on September 28.
With the Binance Visa card, you can use the crypto assets in your Binance account to spend them and transact at more than 60 million locations around the world, wherever Visa is accepted.
The Bella Protocol consists of a suite of DeFi products that aims to bring one-click crypto banking services to users. Some of its unique features include subsidized gas fee and automated services.
The listing of Sushi and DFI.Money by Binance is an indication that the two platforms have gained community confidence as capable of generating enough volumes to make their listings worthwhile.
The Binance Smart Chain promotes interoperability and programmability with the Binance Chain while enabling smart contracts on the platform. The Binance Smart Chain is also compatible with the Ethereum Virtual Machine (EVM).