We are delighted to announce the listing of Binance Coin (BNB) in our Wealth App, making it the first time in history that investors can trade BNB with 17 fiat gateways and two exchanges for the best rates and liquidity!
BNB was launched as an ERC20 token through an initial coin offering (ICO) in 2017. In April 2019, the ERC20 tokens were swapped with BEP2 BNB on a 1:1 ratio, and are no longer hosted on Ethereum.
One of BNB’s main utilities is as an exchange token, allowing Binance users to pay fees with as much as a 50% discount on trades.
Launched in July 2017, its price has skyrocketed by over 12,000% from $0.1553 to around $22 at the time of writing. With a total supply of 200 million BNB, Binance has a quarterly buyback and burn program, which will continue until the total supply of BNB reaches 100 million. This program naturally increases the value of remaining tokens by reducing the total supply.
Binance Coin fast facts:
Benefits of buying BNB with SwissBorg:
At SwissBorg, we are regularly adding new tokens to the Wealth App to give our community the opportunity to hold a wide range of assets within a single wallet. Vote on the next token we add at here.
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