The Binance Coin is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, a pure cryptocurrency exchange that plans to create a decentralized exchange for blockchain assets. BNB also gives users access to special features and will be used to power the upcoming decentralized exchange.
Binance held its ICO on the 27th of June, with the ICO supply representing half of the total 200M token supply. The ICO ended on the second of July.
Token Reserve Split (XX%):
40%: Founding Team
10%:A ngel investors