Dear Bithumb Global Users,
Bithumb Global will list BNB-BEP20 (Binance Smart Chain) digital asset service on GEM board, details are as follows.
Deposits will be available on：Oct 30, 2020, at 18:30(UTC+8) Deposit here >>
Trading will be available on：Oct 30, 2020 at 18:30(UTC+8) Trading here >>
Project Name：Binance Coin
Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard.The token was established with a total supply of 200 million. As per our whitepaper, Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned.
The BNB token itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to:
- Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year).
- Monaco has included support for Binance’s BNB token to its platform which includes the Monaco Visa Card and mobile app.
- Uplive platform supports BNB to buy virtual gifts.
Total Supply: 176,406,561 BNB
Circulating Supply: 144,406,561 BNB
Official Website: https://www.binance.com
There are significant risks in trading digital asset. Please consider carefully whether digital assets trading are appropriate to your financial situation.
Bithumb Global Team
Oct 30, 2020