What is Binance Chain?

"Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20.

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.

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."

-Binance.com
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General

TICKER SYMBOLS
BNB
AGE
2 years old (July 07, 2017)
ICO / CROWDSALE
July 01, 2017 @ 07:00 AM - July 21, 2017 @ 07:00 AM
CURRENT PRICE
$36.55
Updated 2 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$37.23
26 days ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (200,000,000 coins)
PRE-MINED / RESERVED
Yes (100,000,000 coins)
MINEABLE / STAKEABLE
No
1
Binance Coin (BNB)

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