Details

What is BNB

Tokens

I. Project Introduction:

Binance is the biggest cryptocurrency exchange globally based on daily trading volume. BNB is the cryptocurrency coin that powers the Binance ecosystem, such as Binance Exchange, Binance Launchpad and Binance Smart Chain. The token utilities of BNB are as follows:

· Gas-fees: Used for transaction fees settlement on Binance Smart Chain

· Discount: Save fees on spot, margin, or futures trading on Binance

· Binance Launchpad: Participate in exclusive token sales

 

II. Token Information

2.1 Token Basic Information 

· Token symbol: $BNB

· Total token total supply: 166,801,148 BNB 

· Token circulating supply: 166,801,148 BNB(December,2021)

· Price of tokens during ICO: $0.10 

· ICO date: July 2017


2.2 Token Distribution and Release Schedule

Category Share of Total Supply Release schedule 
ICO 50%  100% released at TGE 
Founding Team 40%  20% at TGE, then 20% every year for 4 years
Angel Investors 10%  No vesting or lock-up

Table 1: Token Distribution and Release Schedule Table

 

III. Related Links

· Official Websitehttps://www.binance.com/en

· Whitepaperhttps://whitepaper.io/document/10/binance-whitepaper

· Blockchain Explorers:https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52

· Telegram: https://t.me/BinanceExchange

· Twitter: https://twitter.com/binance

· Discord: https://discord.com/channels/882554401154289665/882554401154289667



Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.