Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol and has a strict maximum of 200 million BNB tokens. And while there are endless updates coming for BNB news today or any other day, basics are just as important and here at Cryptoknowmics, you’ll find it all. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury. Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services. At Cryptoknowmics, you can find all the information you need on Binance Coin news today that can help you in the sale and purchase of BNB.