Binance Coin BNB to Cryptocean CRON Exchange

Crypto Pair Details: BNB to CRON

Binance Coin BNB

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name 'Binance' is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

Cryptocean CRON

CRON is a CRYPTOCEAN project token. CRYPTOCEAN is a blockchain based ecosystem that combines financial and technological services for working with crypto-currencies, digital financial assets, and traditional fiat money. You can purchase cryptocurrencies with your bank card/account, get your fiat inside the service and legally transfer it to a card or a bank account. You can also order from them a classic plastic card (crypto card), issued together with their partner banks. It will enable you to deposit and withdraw cash from your financial and crypto accounts in regular ATMs using CRYPTOCEAN services and also pay for purchases – goods and services – with cryptocurrency, as if you were paying with a usual bank card. All the processes of exchanging cryptocurrencies on exchanges, transferring funds from exchanges to your personal account, maintaining the limits you set, will be automatic. You can also pay for goods and services without a crypto card either via our mobile application using a mobile phone with an NFC chip or directly through an online store that has switched CRYPTOCEAN on as a payment system. They made a special crypto account service – a multi-currency crypto wallet for TOP-100 cryptocurrencies. CRYPTOCEAN intend to provide the opportunity to work with the maximum possible number of cryptocurrencies.

SOURCE: COINGECKO

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