Binance is the biggest cryptocurrency exchange based on daily volume. The Binance development includes plans to build a decentralized exchange. The Binance Coin (BNB) is meant to be one of the key base assets to use on the exchange. Binance Coin can also be used to pay all sorts of fees on the Binance exchange, such as withdrawal fees, exchange fees and listing fees. The Binance roadmap includes a token repurchasing plan. Every quarter 20% of Binances profits will be used to buy back Binance Coins, these coins will be destroyed. This happens until 50% of all Binance Coins are destroyed, thus increasing the value of each single coin.