OKX is pleased to announce the listing of BNB (BNB/USDT and BNB/USDC) on our spot trading markets.
Trading of BNB will start according to the following schedule:
- BNB deposits open at 1:00 pm UTC on Dec. 20
- BNB/USDT, BNB/USDC Spot trading open at 3:00 am UTC on Dec. 21
- BNB withdrawals open at 3:00 am UTC on Dec. 22
BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years. BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets. Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad. At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.
Asset name: BNB
Total Supply: 200,000,000
Circulating Supply: 163,276,974 (2022.12.18)
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
For any inquiries regarding this listing, please feel free to contact us in the official OKX Telegram group or via the Support Center.
Dec 20, 2022
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