The BNB coin was made specifically to be used purely on the Binance Echange and is expected to fuel the operations of the Binance exchange and its ecosystem. It supports multiple utilities on the Binance ecosystem, which includes paying for trading fees, exchange fees, listing fees.
More recently it has been included as a exclusive trading pair for exciting new projects on the Binance launchpad.
One of those projects which was executed successfully was the BTT (BitTorrent) launch. They had two sessions running for the sale. One was TRX and the other was the BNB coin.
In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. A whopping 433,382 BNB tokens were sold. The run up to this launch fueled the surge of the BNB price to around $7.11
How to buy Binance Coin (BNB)
You will need to Register on Binance to be able to purchase BNB coins.
So why exactly should I be buying BNB Coin?
Binance have and constantly still do prove themselves to be a reliable and forward thinking entity. They are now one of the largest and most trusted exchanges in the crypto space. This alone should be a good enough reason to buy and invest in BNB however we understand people want facts, they want tangible events that will lead to their investment rising, Below are the top 5 reasons why we believe that you should be buying Binance Coin
1. Fetch_AI token sale (Feb 25)
Fetch_AI is the next launch on the binance launchpad. What is Fetch_AI? straight from their site:
Fetch is a decentralised digital world in which useful economic activity takes place. This activity is performed by Autonomous Agents. These are digital entities that can transact independently of human intervention and can represent themselves, devices, services or individuals. Agents can work alone or together to construct solutions to today’s complex problems.
Now, if the last launch was anything to go by then BNB is sure to rise again. Here are some details about the launch:
Binance Launchpad will commence the Fetch.AI (FET) token sale at 2019/02/25 2:00 PM (UTC). The token sale will accept BNB and have one session only.
2. Quarterly coin burn (next: April)
In accorsance with their 3. Upcoming DEX (Q1/Q2 2019) 4. Upcoming BinanceChain MainNet (2019) 5. Most employees choose to be paid in BNB