Binance has issued a new announcement on the reference system. According to this announcement, the reference award will be 40 per cent for users holding at least 500 BNB.
The statement said:
“Binance will double its commission prizes for all accounts that hold 500 BNB or more starting on May 19, 2018 00.00 (TUE May 20, 2018 03:00). The commission rate for all other users will remain at 20%. ”
BNB price increased by about 20 percent
Following this announcement, the price of Binance Coin (BNB) has gained about 20 percent. At the moment a BNB is trading at 14.20 pounds.