Indian crypto exchange Bitbns on Friday (8th July) announced the listing of its native utility token BNC on MEXC Global exchange. With this listing, Bitbns expects to reach out to more users globally. In a statement, the exchange officials said they are working on getting as many users as possible on the platform and adding features like Zero TDS SIP.
BNS token price is $0.0004392. Ranked 3638, the total market cap of this token is $24,992. The coin is down 99.86% from its all-time high (ATH) of $0.3058 recorded on March 27, 2021, according to CoinMarketCap data. The token touched its all-time low price of $0.0002754 during the recent market crash on May 13, 2022. It is nearly 60% up since then.
“We are working on getting BNS to as many users as we can along with adding features like Zero TDS SIP, which is a tax shield offers. We are going to bring new innovations for the users along with zero TDS trading with derivatives platforms & holders of BNS would benefit with different offers on that, so our aim is to get BNS listed and bring it to as many users as we can,” Gaurav Dahake, Founder and CEO of Bitbns, said in the statement while commenting on the listing.
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“Cryptocurrency and blockchain industry is expanding quickly in the Indian market, and Bitbns is a competitive player that connects more cryptocurrency trader and offers great user experience. We’re happy to work with Bitbns and have the token BNS listed on our platform,” John, CEO of MEXC Global, said.
What is BNS?
BNS is a multi-protocol utility token by Bitbns, The token aims to enable the masses to integrate cryptocurrency in their day-to-day transactions. The use cases of the token include a higher rate of returns on Bitbns’s crypto FD plans, discount on trading fees, referral bonus, and more, according to the statement.
Bitbns had recently done contract migration from V2 to V3, and users had received tokens in the ratio of 1:100 i.e. a user holding 1 BNS token received 100 tokens and the market adjusted itself at the same price pre-migration.
BNS is available on Ethereum and Binance Smart chain (BSC). Recently, BNS also became available on the Polygon chain. BNS token was created to serve many purposes including shopping, banking, remittances, and more.
What is MEXC Global?
Founded in 2018, MEXC Global is a centralised crypto exchange that employs a high-performance mega-transaction matching technology. The platform has around 5 million users in more than 70 countries. The exchange functions across four countries; Canada, Australia, Estonia and the United States with key licenses in other jurisdictions.
(This report was first published on July 8, 2022. It has been updated with the latest data)
(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)