By The Cry Of Faith
20th October, 2021

BNB is the cryptocurrency coin that powers the Binance ecosystem. As one of the world's most popular utility tokens, not only can you buy or sell BNB like any other cryptocurrency, but BNB comes with a wide range of applications and benefits.

Another important reason why Binance coin has benefits is that Binance uses a burndown policy for their coin. Each quarter Binance will use 20% of their profits to buy back BNB altcoin. After buying back BNB they will burn these BNB altcoins so the total supply will be reduced.

Binance, a very promising cryptocurrency exchange, was launched in 2017 and since then it conquered the cryptocurrency markets. Additionally, in less than a year it grew to a leading billion-dollar company in the crypto sphere. With the introduction of its native token called BNB coin, the cryptocurrency exchange.

Also, in June 2019, Binance made margin trading possible on its trading platform. From now on, more advanced traders can profit from the high trading volumes on Binance and take some extra risk with margin trading. Holding a balance in BNB gives you an extra benefit(50% discount) with trading fees at 0.01%.

Is Binance Coin a good investment?
In my opinion, yes it definitely is. In the first place, BNB coin is the blood and veins of the entire Binance blockchain system and this platform is continuously improving and expanding over the entire globe. For example, Binance has launched several other exchanges besides the main Binance platform like Binance Jersey in Europe and Binance US in the USA.

In fact, Binance coin is a way to add liquidity and also a tool to trade cryptocurrency at a discount on their platform. Besides, Binance coin has a circulation supply of coins similar to Ethereum(currently about 145 million) what makes Binance coin a good investment with some upside to gain.

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