The Binance Coin , also called BNB, is a coin created by the well-known Binance exchange , launched on July 14, 2017 which allows investors to benefit from discounts on transaction costs. Historically , BNB currency was set on the Ethereum network and transitioned to the Binance Chain in April 2019. This system is supposed to be effective during the first 4 years of the site's existence. The number of BNB held directly influences the amount of money earned through sponsorship. After the first 4 years of Binance's existence, BNB is planned to only be used for Dex purposes and will no longer offer any reduction in transaction costs except for VIPs.

This data was last updated 2021-03-08 02:40:40 UTC