![]() ![]() It offered 10%, or 20 million, BNB tokens to angel investors, 40%, or 80 million, tokens to the founding team, and the remaining 50%, or 100 million, to the various participants through the ICO process. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. At the time of writing, Binance had a market cap of more than $56 billion and ranks behind only Bitcoin, Ethereum, and USD Tether in terms of market cap.īinance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain.The Binance Coin powers the Binance ecosystem and is used to pay for transaction fees on the Binance exchange and as gas for the Binance Chain and the Binance Smart Chain (BSC). Binance was created as a utility token for discounted trading fees in 2017, but its uses have expanded to numerous applications, including payments for transaction fees (on the Binance Chain), travel bookings, entertainment, online services, and financial services. Binance Coin ( BNB) is the native cryptocurrency of the Binance Chain and the Binance Smart Chain.We update our BNB to USD price in real-time. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury. The live BNB price today is 281.39 USD with a 24-hour trading volume of 1,135,158,956 USD.BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. Download the Binance Wallet app today for storing all you Binance Coin Our latest Trust Wallet update now supports the new BNB wallet which has native BEP2. ![]()
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