Binance Coin

BNB was launched through an initial coin offering (" ICO ") held from June 26 to July 3, 2017, with an initial offering price of one Ethereum coin for 2,700 COINS and one Bitcoin for 20,000 coins. 
 Although initially based on the Ethereum network, the ERC-20 BNB token has since been able to be exchanged for beP-2 BNB at a 1:1 exchange rate. Bep-2 BNB is the original token of Binance chain, and its main network was officially launched on April 18, 2019. 
 In September 2020, Binsecurity launched binsecurity Intelligent Chain (BSC), which is a blockchain network that operates in parallel with binsecurity Chain (BC). This means that BNB is currently available in three different forms: 
 Bep-2bnb in the coin security chain. 
 Bep-20bnb in the binsecurity smart chain. 
 ErC-20BNB in ethereum network. 
BNB is widely used in binance ecosystems and other environments, so users have the flexibility to decide how to use their BNB. For example, you can use BNB to pay for travel, buy virtual gifts, and so on. It is estimated that millions of BNBS have been used by users to pay for business trips, buy goods, borrow money, give rewards, create smart contracts and do other transactions. 
 When trading digital currencies on binance trading platform, a standard handling fee of 0.1% will be charged per transaction (transaction fees depend on monthly volume and BNB holdings). Traders can use the assets being traded or the BNB to pay for the transaction. Choose to pay with BNB and get a special discount. 
 Therefore, if you do large transactions in Binance, you should consider acquiring BNB and using it to pay your fees. Please note that the deduction of transaction fees is subject to a specific fee schedule. Therefore, it is necessary to check the current spot transaction fee table. It's also worth noting that the Binance contract platform follows a slightly different fee schedule. 
 In addition to discounted transaction fees, BNB also supports the Binance DEX (which sits on top of the Binance chain) and hundreds of applications running in the Binance Smart Chain (BSC), meaning that BNB can be used in scenarios beyond the binance trading platform. In fact, binance Smart Chain (BSC) has issued more than 180 digital assets, and millions of users have already consumed BNB in practical scenarios related to BSC.

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BlockchainFX (BFX) vs Binance Coin (BNB) vs Bitcoin Cash (BCH): Best Crypto to Buy Now if you Want Real Utility and Real Momentum

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1. API Usage Responsibility: The individual operator acknowledges and confirms that binding the trading API is for executing contract trades. All transactions executed via the API are independent of the order recipient’s decisions, and the order recipient assumes full responsibility for the trading results.

2. Security: The order recipient is responsible for safeguarding their API key. Unauthorized access or use may result in financial loss. Brokers must immediately notify the platform in writing of any unauthorized use.

3. Trading Risks: Using the trading API involves market risks, including but not limited to price fluctuations and slippage. Leaders should independently assess market risks. Individual members should also independently assess market risks, and the platform bears no responsibility for losses caused by market fluctuations.

4. Technical Issues: The use of the trading API may be affected by technical issues, including but not limited to system failures and network interruptions. The platform is not responsible for losses resulting from technical issues.

5. API Key Protection: The order recipient must properly safeguard their API key and not share it with any third party. Any loss caused by the leakage of the API key shall be borne by the order recipient.

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