![]() Binance is headquartered in Tokyo, Japan. It is an exchanging token only for cryptographic forms of money. Changpeng Zhao, who goes by CZ, is the founder and CEO of Binance. Binance Coin is the digital token of the Binance exchange. It was first issued and launched during an Initial Coin Offering (ICO) crowdfunding event. In 2017, Binance Coin was launched by Binance. Binance Coin can also be used to pay for travel costs, like flight and hotel bookings, buying virtual gifts, and using a credit card. BNB, also known as Binance Coin, is the native crypto token of the Binance cryptocurrency exchange and associated blockchains such as Binance Chain and. It became one of the most widely-used utility tokens in the blockchain space. Since the start, Binance Coin has increasingly developed its functions and use cases. This trading fee discount offered by the token during Binance’s first year, was the first of many use cases of Binance Coin that has grown Binance’s global ecosystem. The goal of Binance Coinīinance Coin was initially created as a utility token that allows users to pay for trading fees at a discounted rate on the Binance exchange. Binance Coin is built on the Ethereum blockchain. ![]() ![]() Binance aims to create a Decentralized Exchange (DEX) where Binance coin will function as the underlying token. When using Binance Coin you will receive a discount on the fees you need to pay. Binance Coin was initially hosted on the Ethereum blockchain as. Binance Coin (BNB) is used for trading on the Binance exchange. Binance Coin is the native coin of the Binance Chain and is used to fuel the Binance Ecosystem.
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