What is the breakdown of Binance's 50 billion BNB tokens?

3 answers

• GloryDec 17, 2022 · 3 years ago
  Sure! The breakdown of Binance's 50 billion BNB tokens is as follows: 1. Initial Coin Offering (ICO): 40% of the total supply (20 billion BNB) was sold to the public during Binance's ICO in July 2017. 2. Team: 40% of the total supply (20 billion BNB) is allocated to the Binance team. These tokens are subject to a vesting schedule to ensure long-term commitment and alignment with the project's success. 3. Angel investors and strategic partners: 10% of the total supply (5 billion BNB) was allocated to early investors and strategic partners who supported Binance during its early stages. 4. Foundation: 10% of the total supply (5 billion BNB) is held by the Binance Foundation, which supports the development and growth of the Binance ecosystem. BNB tokens serve multiple purposes within the Binance ecosystem, including paying for trading fees, participating in token sales on Binance Launchpad, and accessing various features and benefits on the Binance platform.
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• Simonsen PhamMay 21, 2021 · 4 years ago
  The breakdown of Binance's 50 billion BNB tokens is quite interesting! 40% of the total supply (20 billion BNB) was sold to the public during Binance's ICO in July 2017. Another 40% (20 billion BNB) is allocated to the Binance team, which shows their commitment to the project. 10% (5 billion BNB) was given to early investors and strategic partners, while the remaining 10% (5 billion BNB) is held by the Binance Foundation. These tokens have various use cases within the Binance ecosystem, such as paying for trading fees and participating in token sales. It's great to see how Binance has carefully planned the distribution of their tokens to ensure the success and growth of their platform!
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• Cute KittyOct 11, 2021 · 4 years ago
  The breakdown of Binance's 50 billion BNB tokens is as follows: 1. Initial Coin Offering (ICO): 40% of the total supply (20 billion BNB) was sold to the public during Binance's ICO in July 2017. 2. Team: 40% of the total supply (20 billion BNB) is allocated to the Binance team. These tokens are subject to a vesting schedule to ensure long-term commitment and alignment with the project's success. 3. Angel investors and strategic partners: 10% of the total supply (5 billion BNB) was allocated to early investors and strategic partners who supported Binance during its early stages. 4. Foundation: 10% of the total supply (5 billion BNB) is held by the Binance Foundation, which supports the development and growth of the Binance ecosystem. BNB tokens have various use cases within the Binance ecosystem, including paying for trading fees, participating in token sales on Binance Launchpad, and accessing various features and benefits on the Binance platform. Other exchanges also have their own token distribution models, but Binance's approach has been quite successful in creating a thriving ecosystem.
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