What is BNB
Binance Coin is an Ethereum-based token issues by Binance that allows users to receive a discount for any fees on the Binance platform. The BNB token was established with a total supply of 200 million, but as per the ICO’s white paper, Binance plans to use 20% of their profits each quarter to buy back and burn BNB until the total supply is reduced to 100M.
