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Binance Coin
BNB Binance Coin thumbnail icon

$29.640 USD

0.00235914 BTC

Market CapVolume (24hr Reported)Volume (24hr Normalized) Circulating SupplyTotal Supply
$4374680296 USD258868.40263681 BTC258868.40263681 BTC147883948 bnb179883948 bnb

About Token Binance Coin thumbnail icon

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.

Coin Statistics

Price Change % 24H3%
24H High$30
24H Low$29
Market Rank6
Market Cap$4374680296
Market Change 24H133504996%
Market Change 24H %3%
Exchange 24 Hour Vol258868.40263681 BTC
Exchange 24 Hour Vol Normalized258868.40263681 BTC
Circulating Supply147883948 bnb
Total Supply179883948 bnb
All Time High$39.680
All Time High Change %$-25.134%
All Time High Date2019-06-22T12:20:21.000Z

Coin Scores

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