BNB

BNBBNB

BNB
$15.61
-0.89%
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  • Market Cap
    $2,383,023,677
  • 24h Vol (Global)
    ฿6,321 ($47,295,763)
  • Circulating Supply
    152,665,937
  • Issue Date
    2017-07-08
  • Issue Price
    $0.150000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
200,000,000152,665,9372017-07-08$0.150000
POS1
explorer.binance.org
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
184,665,938dBFT-https://www.binance.com/COIN

From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB runs natively on Binance chain. The coin was established with a total supply of 200 million. Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. The BNB coin 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). - Crypto.com has included support for Binance’s BNB token to its platform which includes the MCO 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 & The Burn 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. The Burn Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. 3. Decentralized Exchange On April 23, 2019, Binance has completed the Binance Coin (BNB) mainnet swap. 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.

Teams
    Changpeng Zhao (CZ)

    Changpeng Zhao (CZ)

    Founder & CEO

    Expert in blockchain and trading systems Possesses an impressive track record of successful startups Previously Head of Bloomberg Tradebook Futures R&D team at Bloomberg Head of Technology at Blockchain.info Serial entrepreneur and multiple other startups.

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    Yi He

    Yi He

    Co-Founder & CMO

    Previous Vice President of Yixia Technology (a comapany with 20billion RMB market value) including Miaopai, Xiaokaxiu, Yizhibo), Previous Co-founder at OKCoin Previous travel TV host One of the most influential females of Chinese Internet Industry

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    Ted Lin

    Ted Lin

    Chief Growth Officer

    Ted leads the Growth, Commercial, and Education initiatives at Binance. Graduated from Cornell University with Masters in Computer Science, he has successfully led multi-national expansion initiatives in well known tech companies including Infortrend, Transcend and ASUS. Having witnessed and fueled the exciting technological disruptions brought on by mobility, big data, distributed and cloud computing, Ted has once again risen to the challenge to join the next revolution, where he works with the team of fellow Binancians to advance the adoption of cryptocurrency and proliferate blockchain technology by building and leveraging the power of the Binance ecosystem.

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    Wei Zhou

    Wei Zhou

    CFO

    Mr. Zhou brings over 15 years of executive experience at leading technology, internet and media companies where he has built up particular expertise in financial management and accounting, capital markets and investments, as well as growing and scaling business operations in both China and the United States. Previously Wei served as CFO of Zhaopin.com and Charm Communications and led these companies through their IPO listings on the NYSE and NASDAQ. In addition, he orchestrated the landmark acquisition of Grindr, the world’s leading LGBTQ+ social networking platform, where he currently serves as the Vice Chairman. Wei started his career at Goldman Sachs Hong Kong in Investment Banking and later moved to its Asian Special Situations Group. Wei Zhou graduated from Harvard University with a Bachelor’s Degree in Economics and East Asian studies.

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    Ella Zhang

    Ella Zhang

    CEO of Binance Labs

    Ella has over 14+ yrs experience in venture capital and high tech. She was the youngest investment director of KPCB, where she was early investor for several successful companies including Rong360 (NYSE: JT) and Ximalaya FM. Prior to KPCB, Ella worked at Google, Tencent and UTStarcom in interdisciplinary roles. Ella also co-founded XiaoduoAI, which provides NLP solutions to more than 50,000 clients including Taobao and EMS. Ella holds a B.S.E.E. from UESTC and MBA from Stanford GSB. Ella strongly believes that Blockchain technology and cryptocurrency will “Change lives. Change organizations. Change the world”.

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    Helen Hai

    Helen Hai

    Head of BCF

    HAI Helen is head of BCF, she is United Nations Goodwill Ambassador (UNIDO). She was named a 2015 Young Global Leader by World Economic Forum, She received the 2015 African Business Icon Award, and awarded as Officer of the National Order of Lion of Senegal in 2016. She was named 2017 Wu Fellow by UC Berkeley, Global Visionary by UBS, and 2018 Aspen Fellow by Aspen Institute. She has BA and MSc degree from University of London, and EMBA from INSEAD and Tsinghua University.

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    Gin Chao

    Gin Chao

    Strategy Officer

    Gin Chao currently serves as Strategy Officer for Binance, where he leads the corporate development, venture investment and legal departments. He previously spent 10 years in Asia working for NBA and Dell in senior corporate development roles. Prior to that, he worked for 15 years in the US at Sovereign Investment Company leading acquisitions, Deutsche Bank's investment banking group raising over $2 billion in capital for Web 1.0 companies, and Price Waterhouse’s management consulting division. He received a BS in Mechanical Engineering from Carnegie Mellon University and an MBA in Finance from New York University's Stern School of Business.

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ICO
ICO Date
ICO Raised Date2017-07-01
ICO end date2017-07-21
ICO Supply Amount
ICO Token/Coin Supply100000000 BNB
Hardcap- USDT
Softcap- USDT
Supply Change
Total Supply Change Before ICO- BNB
Total Supply Change After ICO- BNB
ICO Amount
ICO price0.15000000 USDT
Actual Fundraising-
AcceptingBTC/ETH
Introduction

From the ICO, Binance issued its own coin called the Binance Coin, with BNB as the symbol. BNB runs natively on Binance chain. The coin was established with a total supply of 200 million. Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. The BNB coin 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). - Crypto.com has included support for Binance’s BNB token to its platform which includes the MCO 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 & The Burn 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. The Burn Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. 3. Decentralized Exchange On April 23, 2019, Binance has completed the Binance Coin (BNB) mainnet swap. 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.