Binance Coin (BNB) is the cryptocurrency used within the ecosystem of the platform of the same name. Binance Coin gives users of the Binance platform access to a variety of features and benefits, including lower transaction fees.
Binance Coin operates on the Ethereum blockchain and has 200 million Binance Coins in circulation. Each quarter, Binance uses 20% of its profits to buy back and destroy BNB until there are only 100 million BNB left in circulation.
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