Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Binance was founded in 2017 and quickly rose to become one of the largest exchanges in the world with over $1.
4 billion in trading volume per day. Binance is not an ICO.
Binance is led by Changpeng Zhao, who is also the founder of OKCoin. Zhao has a strong background in finance and technology, and he is a well-respected figure in the cryptocurrency community.
The Binance team is experienced and has a good track record in the industry. The exchange has a good reputation and is trusted by many users.
Binance is not an ICO. The exchange does not have its own token or coin.
However, it does have an affiliate program that rewards users for referring new users to the platform. The affiliate program pays out in Binance Coin (BNB), which is the native token of the Binance platform.
The Binance coin can be used to pay fees on the Binance exchange, and it will also be used to power the upcoming decentralized exchange (DEX) that Binance is building. The DEX will be built on the Binance Chain blockchain platform.
The Binance DEX will be a decentralized exchange where users will have full control of their funds. The DEX will be powered by the BNB token, and it will allow for near-instant trading with low fees.
Binance plans to use 20% of its profits each quarter to buy back and burn BNB tokens. This will reduce the total supply of BNB tokens over time, which should increase the price of the token.
Binance plans to launch its DEX in 2019, and it is expected to be a major competitor to existing centralized exchanges. If successful, it could lead to more mainstream adoption of cryptocurrency trading.
In conclusion, Binance is not an ICO, but it does have an affiliate program that rewards users for referring new users to the platform.
The BNB token can be used to pay fees on the Binance exchange, and it will also be used to power the upcoming decentralized exchange (DEX) that Binance is building.