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 the whitepaper, Binance plans to use 20% of the 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. - Nexo platform supports the BNB coin as collateral for instant crypto loans. BNB Value & Repurchasing Plan 1. You can use BNB to pay for any fees on Binance 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, Binance will use 20% of the profits to buy back BNB and destroy them, until Binance buys 50% of all the BNB (100M) back. All buy-back transactions will be announced on the blockchain. Binance 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

TokenGazer [BNB] Rating: 4.0, Indicator Trend: Outperform | Updated March 6, 2019

TokenGazer released the Binance (BNB) rating report: Overall rating: 4.0; indicator trend: outperform. 2 new projects have completed ICOs on Binance Launchpad, which has attracted much attention from investors. ICO on Binance Launchpad is still very popular and is enjoying high market recognition. However, unlike Ethereum with unlimited crowdfunding volume, the monthly crowdfunding volume on Launchpad is limited, so there is unlikely to be a sharp increase in BNB demand in the short term. In summary, according to the TokenGazer valuation model, BNB's current reasonable estimate value range is 13.52-16.08 USD. Investors still need to pay close attention to the quality and market feedback of the projects launched on Binance Launchpad in the future.
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