Binance Coin BNB to WeShow Token WET Exchange

Crypto Pair Details: BNB to WET

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.

WeShow Token WET

What is “WeShow” Platform? Weshow platform is Decentralized short-video entertainment platform. Weshow overthrows excessive brokerage fee and unreasonable profit sharing structre of existing me media broadcasting platform. New short-video platform “Weshow” allows everyone to become producer who can freely produce diverse contents, and to make profit through their contents, communicating with other users of platform. Community Incentives “Weshow” platform users can make profit through “Wetoken incentive' that can be easily earned simply by participating in the Platform. Free content production “Weshow” platform contents providers can make independent producing space to freely make new contents communicating with the participants. Professional team All members participating on “Weshow” project are experienced experts from “wecasting” of MCN corporation which already has annual sales of over 100million USD. Diverse business model “Weshow” platform can offer diverse business models to both contents provider and community participants by gift delivering, “Wetoken” sending, advertisement services. Contents Provider Using short-video making, live broadcasting services They can produce contents freely in their independent space. Community Participants By participating in “Weshow” platform, contents provider and community participants can communicate with each other developing the platform. WeToken It is incentive crypto-currency used in “Weshow” platform, provided to both contents providers and community participants giving them profits. Gift sending service Gift sending service opens a new communication channel between content provider and community participants

SOURCE: COINGECKO

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