What is Binance Coin

Binance Coin (BNB) is one of the fastest-growing cryptocurrencies in the industry. BNB has immigrated from the Ethereum network to a native blockchain called the Binance-chain. The purpose of the new blockchain is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner. BNB fuels the Binance-chain and their Decentralized Exchange (DEX) as payment for fees. The token launched with a total supply of 200 million. Binance plans to use 20% of their profits each quarter to buy back Binance Coins and burn/destroy them from current circulation until the total supply reaches 100 Million. You can safely and reliably buy, sell, send, and store BNB at LiteBit.