Presentation and definition of the crypto-currency Binance Corner (NBB)
- Name of the crypto-currency : Binance Corner
- Abbreviation : NBB
- Where to buy Binance Corner ? Binance
- Creation Date : July 2017
- White paper of Binance Corner
- Web Site Binance Corner
Binance corner, the currency of Binance
Binance is a trading platform for altcoins. She has a level of performance very high. In effect, it allows a significant number of operations per second, is available in several languages, offers a customer support very responsive and adapts very quickly to new forks. It has created its own currency, crypto : the Binance Corner, which is a token ERC20. That is to say that the Binance Corner is based on Ethereum. Its peculiarity is that it allows for a reduction to pay for the operation on the platform Binance. The rate of reduction is decreasing year after year. In fact, when a user holds the tokens of the ETNS on Binance, all of its costs of transaction and exchange are reduced by 50% in the first year. The second year, the holders of the ETNS will be able to enjoy a 25% discount, then 12.5%, up 6.75% for the fourth year. From the fifth year, there is no more reduction.
The tokens NBB
Binance has issued about 200 million tokens. In January 2018, there is almost half in circulation. The platform Binance has the ambition to redeem a portion of the chips to destroy them. It would seem, therefore, that the total supply to decrease by half in the future. From an economic point of view, the purpose of this plan is to create a deflation : less chips, less offers, to increase its price.