Report Bug

   Binance Coin: BNB $307.49 USD   -0.123%
120 days
7 days
24 hours
1 hour
Rank #11
low: $304.245
$311.83 :high
ABOUT Binance Coin
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.


Contract Addresses:

Native Holders: 243034590
Ethereum Holders: 301505
Polygon Holders: 27
Fantom Holders: 16158
Avalanche Holders: 17694

FD Market Cap: $50.206 Bil
Avail Supply: 163276974
Total Supply: 163276974
Binance: $307.8
Coinbase: $307.18
Chainlink: $308.3881
Dynamics on assets like $ETH, $BNB and even $SHIB show that bulls are slowly letting the momentum go as the market is becoming reddish read more...

Fri Jan 20 00:05:01
LIVE: One in three U.S. Congress members received contributions from @SBF_FTX, @BNBCHAIN burns over $575 million in $BNB tokens and more. The Hash team dishes on todays top headlines on read more...

Tue Jan 17 17:00:26
Binance burns $617 million worth of $BNB #binance #bnb #binancenews #bnbchain read more...

Tue Jan 17 11:45:01
By using any Neuy service you agree to the Terms of use.