What is BNB
Tokens
I. Project Introduction:
Binance is the biggest cryptocurrency exchange globally based on daily trading volume. BNB is the cryptocurrency coin that powers the Binance ecosystem, such as Binance Exchange, Binance Launchpad and Binance Smart Chain. The token utilities of BNB are as follows:
· Gas-fees: Used for transaction fees settlement on Binance Smart Chain
· Discount: Save fees on spot, margin, or futures trading on Binance
· Binance Launchpad: Participate in exclusive token sales
II. Token Information
2.1 Token Basic Information
· Token symbol: $BNB
· Total token total supply: 166,801,148 BNB
· Token circulating supply: 166,801,148 BNB（December，2021）
· Price of tokens during ICO: $0.10
· ICO date: July 2017
2.2 Token Distribution and Release Schedule
| Category | Share of Total Supply | Release schedule |
| ICO | 50% | 100% released at TGE |
| Founding Team | 40% | 20% at TGE, then 20% every year for 4 years |
| Angel Investors | 10% | No vesting or lock-up |
Table 1: Token Distribution and Release Schedule Table
III. Related Links
· Official Website: https://www.binance.com/en
· Whitepaper: https://whitepaper.io/document/10/binance-whitepaper
· Blockchain Explorers:https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
· Telegram: https://t.me/BinanceExchange
· Twitter: https://twitter.com/binance
· Discord: https://discord.com/channels/882554401154289665/882554401154289667
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. HTX does not take responsibility for any resulting direct or indirect losses.
