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What Is Binance Coin (BNB)? | A Guide to the Crypto of the Famous Exchange

We’re going to kick this one off with none other than Binance. Binance held an ICO and created an ERC20 token not too long ago. It really wasn’t long after that this exchange saw an incredible increase in users. This Binance token is called BNB and holders of it can benefit with 50% off trading fees the first year of using Binance as long as they are storing their coins on the Binance exchange. This percentage decreases over time. After 5 years, a discount is no longer applied. Binance also uses 20% of its profits each quarter to buy back its tokens and burn them until the total supply has been halved. As long as this is done correctly, this token burning will effectively reduce the supple of tokens, making them more scarce and thus more valuable over time.

KuCoin: (KCS)

All About KuCoin Shares (KCS) – Native Token of Kucoin Exchange

Next up, KuCoin is an exchange based in Hong Kong which pays dividends to those who hold their coin called KCS.
The dividends you receive are proportional to the percentage of total KCS that you hold. KuCoin distributes 50% of its trading fees to KCS holders and 40% of these fees are a reward for those who make successful referrals.
I think this one is pretty cool because the dividends aren’t paid in KCS coins, instead you’ll be paid in whatever coins the fees were paid in. This means you’ll be receiving different coins are rewards. This could be an easy way to diversify your portfolio without having to actually make the trades.
Also for every 1,000 KCS you hold, you’ll receive a 1% discount on trading fees.
Like Binance, KuCoin will take 10% if their profits and use this to buy back and burn their tokens in an effort to reduce the supply.

Huobi: (HT)
This next one, Huobi and their coin ticker symbol is HT. This one is similar to Binance again with the discounted trading fees and also with a scheduled buy back program. One difference here is that instead of effectively destroying these coins, Huobi transfers them to a User Protection Fund. Which Huobi uses to reimburse users who have been victims of a security breach.
Holders of HT can also have a voice on which coins will be added to the exchange thanks to the HADAX. (Huobi Autonomous Digital Asset Exchange) The more HT you hold, the louder your voice is with this voting system.
The top two coins are added to the exchange and those coins are then airdropped to HT users.

CryptoBridge: (BCO)
Don’t worry, decentralized exchanges are on it as well. CryptoBridge has the coin, BCO, and this is the native token for the decentralized exchange which was built on the Bitshares platform. It’s also mineable.
They’re going to make to work a bit to get your rewards though. You can earn rewards by staking these coins. The longer you stake, the higher the percentage you’ll see as a reward. You’ll max out at a 100% bonus after staking for one year.

Now that you’re a bit more in-the-know for these exchanges and their native coins, be sure to stay tuned for part two because I’ll be going over a very new exchange that has been ruffling the feathers of the guys at Binance. If you want to know why, don’t miss part two!