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BNB

No. 4
Binance Coin
Margin
BNB Chain
CEX
Coin
BNB Price Today
0
USD
1.46%
Lower Price
0
Upper Price
0
24H Value(USD)
0
Total Market Cap(USD)
0
Circulating Market Cap (USD)
0
Total Circulation
145.93M
88.38%
Total Supply
165.11M

Price

BNB Price Change
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Markets

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  • Coin Introduction

1. Project introduction

BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years.

At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.

2. Team introduction

Binance: Currently the largest digital currency exchange.

3. Application and distribution

Token application:

BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets. Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad.

Token distribution:

ICO: 50%

Founding Team: 40%

Angel investor: 10%

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