$BNB is Binance’s native token and is used to pay fees on its centralized exchange. It has also made it a key element of its new Binance Smart Chain, where it has pivoted to the burgeoning DeFi industry. The CeDeFi network has become an overnight sensation in the space, pulling key development projects from its competitor Ethereum due to its scalability solutions.
The listing is part of Wisebitcoin’s effort to provide users with the best-performing assets on the market. The exchange has recently listed an array of DeFi successes such as $KNC, $UNI, and $COMP.
Wisebitcoin is a decentralized global exchange for savvy traders with a multicultural team of over 50 specialists. It’s part of a cloud ecosystem with $6 billion in daily trading volume and over 2.3 million transactions per second on single trading pairs. The platform provides unparalleled services such as 100x leverage on contract trading, 24/7 live phone support, cloud infrastructure, affiliate programs, and deep liquidity. Other important features include a user-friendly interface, a mobile app, and an insurance fund for asset protection.
Binance Coin (or BNB) was issued by Binance as the platform tokens. The total supply of BNB is 200 million, which will be repurchased and burnt by Binance each Quarter. The destruction record will be published to ensure transparency and openness, and users can check it by blockchain browser. The burning events will continue until 100 million BNB left. As the fuel of Binance decentralized exchange and its ecosystem, BNB supports multiple utilities in many scenarios, which includes paying for trading fees (up to 50% off) on the Binance exchange.