![]() ![]() 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.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.Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.Summary by AI Binance Coin (BNB) is a utility token used to pay for trading. In the first half of 2021, Binance Coin was growing quicker than most other big cryptocurrencies. In the next few days, the token was trading at over 20. On January 5 the price had skyrocketed reaching around 16 at maximum. Binance allows its users to pay fees on its exchange with BNB. In early January of 2018, the BNB price was fluctuating around 8. The BNB price increased 1.48 in the last 24 hours. View the BNB (BNB) price live in US dollar (USD). As of 2021, Binance Coin was the cryptocurrency with the third highest market capitalization. Binance Coin is the cryptocurrency issued by the Binance exchange and trades with the BNB symbol. Binance Coin price today is 240.13 with a 24-hour trading volume of 1.64B, market cap of 37.43B, and market dominance of 3.50. ![]()
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