About BNB coin

🔸 Binance is a giant infrastructure that provides crypto users with a wide range of services: CEX exchange, DEX, futures trading, staking, saving, etc.

The digital fuel for the entire Binance ecosystem is BNB coin, which allows you to:

  1. Save on commission fees
  2. Earn for storing assets
  3. Participate in investment products and projects

🔝 Today, BNB takes the 3rd place in terms of capitalization ($55 billion). BNB Price: $323

Capitalization = total coin issue * asset price

Initially, BNB was launched on Ethereum blockchain in 2017, before the launch of Binance exchange. But in April 2019, BNB emigrated to its own Binance Chain blockchain 🔍

The launch of Binance Smart Chain allowed the use of BNB in smart contracts, which we will see in FORSAGE soon.

Quarterly BNB burn 🔥

Each quarter, Binance makes BNB buyback. They spend 20% of the profits for buying BNB tokens, which are subsequently burned, thereby reducing the circulation supply.

Quarterly BNB burn will occur until the emission is reduced by 2 times to 100 million BNB.

▶️ Initial total supply: 200,000,000 BNB

▶️ Total supply now: 170,532,785

There has already been 14 quarterly BNB burn. For example, the last time on January 20, 2021, 3,619,888 BNB were burned ($165,791,000 at the time of incineration).

🔜 Another BNB burn is expected in April 2021.

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