Binance Coin (BNB)

From the ICO, Binance issued its own token called the Binance Coin, with BNB as the symbol. BNB runs natively on the Ethereum blockchain and follows the ERC20 token standard.The token was established with a total supply of 200 million. As per our whitepaper, Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned. The BNB token itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to: - Pay for trading fees on the exchange, obtaining the equivalent of a 50% discount on trades (during the first year). - Monaco has included support for Binance’s BNB token to its platform which includes the Monaco Visa Card and mobile app. - Uplive platform supports BNB to buy virtual gifts.
Rank 14
Price $9.74
Market Capitalization $1 274 345 752
24 Hours Volume $27 992 276
Available Supply 130 799 315 BNB
Total Supply 190 799 315 BNB
Change (1 Hour) 0.23%
Change (24 Hours) 0.42%
Change (7 Days) -4.78%
Binance Coin News
October 9th, 2018

Now developers are allowed to name the amount of the fee they pay themselves, and all the listing fees will be donated to Binance’s recently launched charity division, the Blockchain Charity Foundation.

June 29th, 2018

The situation in Africa is characterized by extremely low level of bank adoption – and this fact may work in favor of the crypto sphere development in the region. The new platform called Binance Uganda will try to attract users with a month of zero transaction fees.

April 26th, 2018

Binance chief Zhao Changpeng has formally denied allegations made by venture capital firm Sequoia Capital. The company claimed that he had violated terms of an exclusivity agreement by holding fundraising talks with other potential investors.

April 20th, 2018

Bithumb, South Korea’s leading cryptocurrency exchange, is planning to issue its own Bithumb Coin. The new tokens will target foreign countries, focusing on large-scale investors.

March 14th, 2018

Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.