BNB

BNB

BNB
Binance Coin
$4.57
-5.25%
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
200,000,000142,799,3152017-07-08$0.150000
POW1
etherscan.io
2
trivial.co
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
190,799,315Ethash-https://www.binance.com/TOKEN

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
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陀螺财经
4.5

Gyro Rating: Binance Coin| Rank: A| Risk: Low+【Update 11.14.2018】

2018-11-14
BNB’s ranking has risen again by 2, which is worthy of attention. The stable performance of BNB in the bear market and the development of the Binance have brought enough confidence to investors. Before the BNB on the COINBASE exchange, we will do a simple market analysis, please pay attention to our blog. The bear market is long and we are moving forward together.
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Picolo
4.5

Rating: Buy | Binance (BNB) - Binance growth and adoption indicates an intrinsic valuation of $22.80

2018-09-11
Binance paves the way for further upside led by increasing market share and user adoption
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blokt
5.0

Binance Coin [BNB] - The Underlying Gas That Powers the Binance Ecosystem

2018-09-04
The Binance Coin (BNB) is the native coin of the Binance cryptocurrency trading platform. The coin can be used to pay trading fees, transaction fees and listing fees on the platform. Binance incentivizes payment of fees via BNB by providing a substantial discount.