BNS is a native token of Indian Cryptocurrency exchange Bitbns.com. Its presale was held on many exchanges including their own exchange Bitbns in 4 Phases.
About Bitbns Exchange
Bitbns.com was founded in 2017 by Gaurav Dahake and the team behind Online shopping deals site BuyHatke.com. Bitbns ranks at 4th as top Indian cryptocurrency exchange according to Coinmarketcap exchange rankings. Bitbns offers a variety of products like Spot trading, Margin trading, FIP, SIP in Bitcoin, Arbitrage plugin, and more.
Bitbns conducted its 1st Phase of BNS pre-sale in March at a price of $0.008 per token. Price in each pre-sale are as follow
Phase 1: $0.008 Phase 2: $0.016 Phase 3: $0.024 Phase 4: $0.032
On 31st July 2020, Kucoin conducted the IEO of BNS token on its platform “Spotlight” using Lottery Ticket Acquisition and Flash Sale. Token price in IEO was set at $0.024. BNS token is currently trading on Kucoin and Bitbns. BNS hit a ATH of $0.0507 soon after listing on Kucoin.
Total Token Supply: 2,500,000,000 BNS Initial Circulating Supply; 56,541,667 BNS Pre-Sale Price: $0.008 to $0.032 IEO Token Price: $0.024 All Time High: $0.0507 Token Type: ERC-20
BNS Pre-Sale Unlocking
Pre-Sale: Release 12% at listing date, 28% at month 3, 9% at month 4, 24% at month 6, remaining 18% will be kept in Bitbns for utility uses. Seed Sale: Starting from the date of listing, 10% quarterly release for the first 3 quarters, 33% in month 13 and 37% and month 16.
Team: 25% Utility- Future Cooperation & Affiliation: 27% Contingency: 16% Advisors, Marketing & Bounties: 15% Token Sale: 12% SAFU: 2.5% Airdrop: 2.5%
BNS Use Case
Some of the main use cases of BNS token is going to be shopping, banking, remittances, and more. Apart from all the use cases, BNS will also be used to give discounts to users trading on Bitbns. BNS token holders will receive discounts and exclusive offers on other Bitbns products like Bitdroplet, FIP, and others.