Pivot Token PVT to Binance Coin BNB Exchange

Crypto Pair Details: PVT to BNB

Pivot Token PVT

Pivot is the world largest blockchain investment, communication and trading platform. It is committed to providing one-stop services incorporating cryptocurrency overviews, news and trading. Pivot aims to offer a better way for users to manage their blockchain asset via financial technology. As the only passport in Pivot ecosystem, PVT is served as fuel and pledge in various services on the platform and among partners. Pivot is going to commit 30% of service charges and game earnings into buyback PVT which will be burned and announced publicly. Till now Pivot has acquired investments of more than millions of dollars both from organizations, such as Labs, Huobi, INBlockchain Capital, LD Capital, LinkVC and individual investors, such as Li Xiaolai, Qi Xujie, Yangdong, Luliang, etc. According to the data from Google Play, the download volume of Pivot APP is appropriate 4 million, and its users spreads 232 countries and regions.

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.

SOURCE: COINGECKO

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