Market Cap: $138 189 357 311 (1.52%)
  • Volume 24h: $28 013 437 430 (20.27%)
  • Market Cap Change 24h: 1.52%
  • BTC dominance: 50.55%

Binance Coin BNB

Digital asset exchange

Binance is a digital asset exchange where users can use the BNB token to pay fees on the platform.

Industry: Exchange Token Blockchain: Ethereum CMC Rank: 7 Team Location: Shanghai & Tokyo
  • USD: $14.41
    1h: 0.65% 24h: 4.58% 7d: 3.73%
  • BTC: 0.0036 BTC
  • ETH: 0.11 ETH
All Time High: $24.37 1 year ago
Current price is -41 % from ATH
Market
  • Cap: $2 080 361 114
  • Vol 24h: $133 371 686 (6.41 %)
Supply
  • Circulating: 144 443 301 BNB (76.4 %)
  • Total: 189 175 490 BNB

Binance Coin ICO stats:

ICO dates: 14 Jul, 2017 - 27 Jul, 2017 (1 year ago)
ICO platform: Ethereum
ICO price: $0.11 USD | 0.00052 ETH

ROI since ICO:

x135.52 in USD x205.96 in ETH x78.41 in BTC

Peak ROI in USD: x229.26


Top 10 Binance Coin Exchanges
  1. Binance Binance (54%)
  2. P2PB2B P2PB2B (15%)
  3. Lbank Lbank (9%)
  4. EXX EXX (7%)
  5. Coinsbit Coinsbit (5%)
  6. Bit-Z Bit-Z (5%)
  7. BitMax BitMax (3%)
  8. LocalTrade LocalTrade (2%)
  9. CHAOEX CHAOEX (0%)
  10. Gate.io Gate.io (0%)
All BNB Exchanges →

Binance Coin Price Chart

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.

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How to add Binance Coin (BNB) ERC20 token to MyEtherWallet / MetaMask:

Binance Coin Transaction Chart

(thanks to ethplorer.io)

BNB Supply Allocation

Binance Coin All Time High Chart

Binance Coin Social

Twitter Stats
  • Followers: 181
  • Lists: 1
  • Favourites: 0
  • Update Frequency: 0.0 statuses/day
  • Created: 1 year ago