About Binance Coin
Binance Coin is the cryptocurrency of the renowned Binance exchange.
Users of the Binance platform can choose to pay their fees using Binance Coin (BNB). This has the benefit of dramatically decrea
sing the fees you pay when trading, but it also applies to transaction fees, listing fees and others.
BNB is a standard ERC 20 token, of which there will only be 200 million of. The discount when using BNB will be as follows : first year 50%, second year 25%, third year 12,5%, fourth year 6,75%. Fifth year and onwards there will be no discount.
While it seems there is no point in using BNB after the 4th year, the cryptocurrency will still remain an asset on the trading platform.
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