Binance Coin
Trade Now
  • Overview
  • Markets
  • Trades
  • News
Choose Market:
  • 1m
  • 5m
  • 15m
  • 30m
  • 1h
  • 2h
  • 4h
  • 6h
  • 12h
  • 1d
  • 1w
TradingView is loading…
  • Details
  • Teams
  • ICO
Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType

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. BNB Value & Repurchasing Plan 1. You can use BNB to pay for any fees on our platform, including but not limited to: Exchange fees, Listing fees, and any other fee. When you use BNB to pay for fees, you will receive a significant discount: 1st year: 50% 2nd year: 25% 3rd year: 12.5% 4th year: 6.75% 5th year: no discount 2. Repurchasing plan Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100M) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100M BNB, leaving 100M BNB remaining. Decentralized Exchange In the future, Binance will build a decentralized exchange, where BNB will be used as one of the key base assets as well as gas to be spent.

  • The Latest Rating
Coin Bureau

Binance Coin (BNB)| Rating: 9/10 | Outlook: Positive

Binance Coin (BNB) is the liquidity token that is used on the Binance cryptocurrency exchange. Binance is one of the largest cryptocurrency exchanges in the world and the BNB coins are used on the exchange as one of the cross assets. The people behind the BNB token are the same leaders in charge of the Binance exchange including Zhao Changpeng, a well known cryptocurrency personality. BNB coins are ERC20 tokens and were sold to the public in a token sale in July of 2017. The BNB coin can be used by traders on the Binance platform to pay for fees. For those traders who are making use of the BNB, the exchange will rebate you the fees on a sliding scale over a period of 5 years. The BNB also has something called the quarterly "coin burn". The exchange will burn 20% of the profits that they make from the exchange and buy back the BNB. These will be "burned" or destroyed. This will continue until Binance has burned half of the total coin supply. There are also a number of other initiatives that are being developed by Binance that could increase demand for BNB tokens. These include the likes of the Binance Chain which has launched the Binance DEX. This decentralised exchange will use the BNB tokens as the base liquidity token in the exchange which could increase demand. Similarly, Binance has just released their "Launchpad" which will serve as a platform whereby projects can issue their own tokens in exchange for BNB tokens. This would increase demand for BNB tokens as people try to partake in these crowd sales. This has also been used successfully by projects recently including the BitTorrent (BTT) token raise. BNB tokens are relatively stable and there is a large amount of liquidity should on the exchanges. Most of their volume is available on the Binance exchange but this could move onto the Binance DEX as it is launched.

Rating: Buy | Binance (BNB) | Target Price: $10.08

Upside persists despite unfavourable market conditions and trading volumes Updates from the previous report (Sep 2018) Picolo Research reviewed our valuation on Binance and had adjusted several parameters to reflect current market conditions. The adjustments caused a change in our target price, however, upside potential persist. Here are the significant changes from the previous report. - The revival of Binance Launchpad providing additional utility value to BNB tokens, resulting in greater adoption and demand - Overall trading volumes have dropped significantly (~50%) since prior report, hence growth rate of volumes have been adjusted - Adjusted discount factor to reflect Binance as a stage 3 growth startup - An increase of MV/Vol multiple across major exchanges from 3.28 to 3.67, increasing relative valuation in this sector

Binance Coin(BNB) Qualification: A,Risk: Low.

Qualification Summary:A • The transaction volume data is solid and real, and the ecological expansion is also very stable. With the exchange business as the core, it has long been in the first echelon and even the leader. • BNB's profit repurchase and destruction mechanism is open and transparent, and its operation is methodical. The deflation model mechanism systematically causes the total amount of BNB to decline, which provides solid support for the current market value of BNB. • Binance has a strict token-list review mechanism, crisis announcements and technical risk control. It has maintained a good reputation and branding process for a long time with a stable and mature posture. Risk Summary:Low • Policy risks are mainly from sudden black swan events, and potential hacking attacks that exchanges generally need to pay attention to. • Binance will always face challenges from the future of all competitors, as well as competition for emerging business positions such as stable currency and STO. • The application of BNB is currently concentrated in the core business, and the scenes in other directions have not caused widespread concern and popularity.