How many tokens does Binance Coin have?

3 answers

• Dec 18, 2021 · 3 years ago
  Binance Coin (BNB) has a total token supply of 200 million. This supply was fixed during the initial coin offering (ICO) and no additional tokens will be created. BNB is a utility token that is used within the Binance ecosystem for various purposes, including trading fee discounts and participation in token sales on the Binance Launchpad platform. It's important to note that Binance Coin has a deflationary mechanism in place, as Binance uses 20% of its quarterly profits to buy back and burn BNB tokens, reducing the overall supply over time.
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• Dec 18, 2021 · 3 years ago
  Binance Coin (BNB) currently has a total supply of 200 million tokens. This fixed supply ensures that the token remains scarce and valuable. BNB is an integral part of the Binance ecosystem, offering benefits such as reduced trading fees and access to exclusive token sales. The deflationary nature of Binance Coin, with regular token burns, further contributes to its long-term value. With its strong use case and growing adoption, Binance Coin continues to be a popular choice among cryptocurrency enthusiasts.
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• Dec 18, 2021 · 3 years ago
  Binance Coin (BNB) has a total token supply of 200 million. As a utility token, BNB serves various purposes within the Binance ecosystem, including payment for trading fees, participation in token sales, and access to premium features. The fixed supply ensures scarcity and potential for value appreciation. Additionally, Binance regularly burns a portion of the BNB tokens, reducing the supply and potentially increasing the value of the remaining tokens. Overall, Binance Coin's token supply and deflationary mechanism contribute to its appeal and utility within the cryptocurrency market.
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