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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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BNB (BNB) contract address is 0xb8c77482e45f1f44de1745f52c74426c631bdd52.
BNB (BNB) pool was created 4 years ago.
The best way to purchase BNB is using the ApeSpace Swap feature that automatically finds the cheapest and fastest swap option for you.
The current price of BNB (BNB) in USD today is $651.61.
The trading volume of BNB (BNB) is $40,729.46 in the last 24 hours.
BNB (BNB) price has a 24-hour high of $679.82 and its 24-hour low so far is $643.74.
There is currently $108,258.73 in the BNB / WETH liquidity pool.
BNB (BNB) has a 0% tax on any buys and a 0% tax on any sells.
BNB (BNB) currently has 310509 holders.
Market capitalization of BNB (BNB) is $256M. Market cap is measured by multiplying token price with the circulating supply of BNB (BNB) tokens.