BNB Price（BNB）USD

Binance Coin (BNB) is a cryptocurrency created and issued by Binance cryptocurrency exchange.The creation of Binance Coin is mainly to promote the operation of Binance exchange and ecosystem. It can be used for several different purposes in the Binance ecosystem, such as paying transaction fees, withdrawal fees, listing and exchange fees, etc. Binance Coins can also be used to invest in new IEOS listed through the Binance launchpad program.

Each transaction completed by users in BNB will receive a discount according to the preset schedule. The details are as follows: 50% discount for all transactions in the first year, 25% discount for transactions in the second year, 12.5% discount for transactions in the third year, 6.75% discount in the fourth year, and no discount after that. The purpose of these discounts is to encourage traders to use Binance Coins.

Some partnerships have also helped spread the use of the token. One of the partnerships is with uplive, Asia’s number one high-end live video platform. Taking advantage of its 20 million users, uplive sells virtual gifts of BNB tokens. Another platform that supports Binance Coins is Monaco, a groundbreaking payment and cryptocurrency platform that supports BNB tokens on its mobile applications and visa cards.

 

BNB First Token Issue

Binance Coin made its debut through the initial coin issue (ICO), which took place between June 26 and July 3, 2017. In its ICO, the issue price of BNB is 2700 bnbs for one eth or 20000 bnbs for one BTC, providing a total of 200 million tokens. Binance Coin provides angel investors with 10%, i.e. 20 million BNB tokens; 40% of the tokens, i.e. 80 million tokens, are provided to the founding team, and the remaining 50%, i.e. 100 million tokens, are provided to all other participants.

All tokens were created before the token sale, and ICO helped raise $15 million. During the ICO period, about 50% of the funds are set aside for brand and marketing, and one third of the funds are set aside for the construction and development of Binance platform and ecosystem, as well as the upgrading of its ecosystem. By the time of writing in early September 2019, the market value of Binance Coin had exceeded US $3.5 billion.

 

BNB Token Policy

As the discount rate of the Binance Coin decreases over time, the value of the coin is expected to decrease over time. Binance has a plan to fight this. According to their white paper, they plan to buy back tokens with 20% profit according to the transaction volume every quarter; These repurchased tokens are then “burned” (destroyed). This will continue until only 50% or 100 million tokens are in circulation. This is expected to help the token retain a lot of value. As of April 2018, Binance has burned 2220314 BNB tokens with a total value of about US $30 million.

 

How Does BNB Work?

Binance Coin was initially launched on the Ethereum blockchain and adopted the erc-20 standard, but was eventually migrated to Binance’s proprietary blockchain Binance chain. Binance chain does not support smart contracts, which is different from Ethereum blockchain. Binance chain uses the tendermint consensus mechanism, Byzantine fault tolerance (BFT).

It involves various types of nodes, such as verifier node, that is, members who vote to verify or declare the transaction invalid; Accelerator node to accelerate the transaction verification process; And the witness node, as the witness of the consensus process, broadcasts the transaction to other nodes. After each block is generated, the cost is distributed among verifiers.

 

How to Buy Binance Coins

First, Binance Coins cannot be obtained from mining activities, which is different from other coins. All the tokens of Binance were dug up in advance at the time of their origin. Cryptocurrency users who want to own this token can only get it through the cryptocurrency exchange.

Because Binance is also a cryptocurrency exchange, it facilitates BNB transactions by pairing with more than 70 other cryptocurrencies. BNB can also be in Bancor network and gate IO, idex, trade Satoshi and a series of other cryptocurrency exchanges.Before you make any trade, you must compare the exchange rates of the transactions you want on all available exchanges. This allows you to get the best transaction rate.

 

How to Store BNB Tokens

Like other cryptocurrency exchanges, Binance offers a digital wallet that can be used to store BNB tokens or any other digital currency that can be traded on the Binance exchange. In mid-2018, Binance undertook a currency mobile wallet based on Ethereum, namely trust wallet. This wallet is now Binance’s official wallet. In addition to the specified wallet, the Binance token can also be stored on any other Ethereum compatible wallet. Some approved options include myetherwallet, metamask, mist, ledger nano s, and trezor.

 

Cryptocurrency Price Prediction

Avalanche (AVAX) Price Prediction
Cardano (ADA) Price Prediction
Ethereum Classic (ETC) Price Prediction
Chainlink (LINK) Price Prediction
Dogelon Mars (ELON) Price Prediction
Ripple (XRP) Price Prediction
XRP Price Prediction
Solana (SOL) Price Prediction
Ethereum Price Prediction
Bitcoin (BTC) Price Prediction
Litecoin (LTC) Price Prediction
Polygon (MATIC) Price Prediction
Dash (DASH) Price Prediction
STEPN (GMT) Price Prediction
Bitcoin Cash (BCH) Price Prediction
Stellar Lumens (XLM) Price Prediction
Yearn.Finance (YFI) Price Prediction
Waves (WAVES) Price Prediction
Bitcoin SV (BSV) Price Prediction
Filecoin (FIL) Price Prediction
Optimism (OP) Price Prediction
Tron (TRX) Price Prediction
ConstitutionDAO (PEOPLE) Price Prediction
EOS (EOS) Price Prediction
Gala (GALA) Price Prediction
Enjin (ENJ) Price Prediction
MANA Price Prediction
The Sandbox (SAND) Price Prediction
Immutable X (IMX) Price Prediction
Axie Infinity (AXS) Price Prediction
Flow (FLOW) Price Prediction
Galxe (Previously Project Galaxy) Price Prediction
Mask Network (MASK) Price Prediction
ApeCoin (APE) Price Prediction
Ethereum Name Service (ENS) Price Prediction
1inch Network (1INCH) Price Prediction
Curve Dao (CRV) Price Prediction
dYdX (DYDX) Price Prediction
PancakeSwap (CAKE) Price Prediction
Uniswap (UNI) Price Prediction
Terra Luna Classic Price Prediction
Algorand Price Prediction
Fantom (FTM) Price Prediction
Celo (CELO) Price Prediction
Blur Price Prediction
Mina Protocol (MINA) Price Prediction
Near Protocol (NEAR) Price Prediction
Toncoin (TON) Price Prediction
Qtum (QTUM) Price Prediction
Internet Computer (ICP) Price Prediction
Polkadot (DOT) Price Prediction
Aptos (APT) Price Prediction
Cosmos (ATOM) Price Prediction
Neo (NEO) Price Prediction
Binance Coin (BNB) Price Prediction
Shiba Inu (SHIB) Price Prediction
Alchemy Pay (ACH) Price Prediction
Conflux (CFX) Price Prediction
Core DAO (CORE) Price Prediction
Arweave (AR) Price Prediction
Synthetix (SNX) Price Prediction
Measurable Data Token (MDT) Price Prediction
Adventure Gold (AGLD) Price Prediction
Arbitrum (ARB) Price Prediction
Aragon (ANT) Price Prediction
MultiversX (EGLD) Price Prediction
ETHPoW (ETHW) Price Prediction
Hooked Protocol (HOOK) Price Prediction
Klaytn (KLAY) Price Prediction
LooksRare (LOOKS) Price Prediction
Ren (REN) Price Prediction
Storj (STORJ) Price Prediction
Theta Network (THETA) Price Prediction
Nem (XEM) Price Prediction
Monero (XMR) Price Prediction
Render (RNDR) Token Price Prediction
Ravencoin (RVN) Price Prediction
Zilliqa (ZIL) Price Prediction
Pepe (PEPE) Price Prediction
AiDoge Price Prediction
Sui (SUI) Price Prediction
Floki Inu (FLOKI) Price Prediction
SingularityNet (AGIX) Price Prediction
Stella (ALPHA) Price Prediction
Ankr (ANKR) Price Prediction
ARPA (ARPA) Price Prediction
Astar (ASTR) Price Prediction
Balancer (BAL) Price Prediction
Band Protocol (BAND) Price Prediction
Bella Protocol (BEL) Price Prediction
BinaryX (BNX) Price Prediction
Celsius (CEL) Price Prediction
Celer Network (CELR) Price Prediction
Cocos-BCX (COCOS) Price Prediction
Compound (COMP) Price Prediction
Shentu (CTK) Price Prediction
Cartesi (CTSI) Price Prediction
Civic (CVC) Price Prediction
DODO (DODO) Price Prediction
Open Campus (EDU) Price Prediction
Fetch.ai (FET) Price Prediction
Frax Share (FXS) Price Prediction
Game Fantasy Token (GFT) Price Prediction
GMX Price Prediction
Hedera (HBAR) Price Prediction
Highstreet (HIGH) Price Prediction
ICON (ICX) Price Prediction
SPACE ID (ID) Price Prediction
JasmyCoin (JASMY) Price Prediction
JOE (JOE) Price Prediction
Kusama (KSM) Price Prediction
Lido DAO (LDO) Price Prediction
Linear Finance (LINA) Price Prediction
Liquity (LQTY) Price Prediction
Loopring (LRC) Price Prediction
Maker (MKR) Price Prediction
Ocean Protocol Price Prediction
Radiant Capital (RDNT) Price Prediction
iExec (RLC) Price Prediction
Rocket Pool (RPL) Price Prediction
Reserve Rights (RSR) Price Prediction
SSV Network (SSV) Price Prediction
StarLink Coin Price Prediction
Stargate Finance Price Prediction
StormX (STMX) Price Prediction
Stacks (STX) Price Prediction
Swipe (SXP) Price Prediction
TomoChain (TOMO) Price Prediction
Tellor (TRB) Price Prediction
UMA (UMA) Price Prediction
TerraClassicUSD (USTC) Price Prediction
VeChain (VET) Price Prediction
WOO Network (WOO) Price Prediction
Yield Guild Games (YGG) Price Prediction
0x Protocol (ZRX) Price Prediction
Pepe 2.0 Price Prediction
Bancor Network Token (BNT) Price Prediction
JUST (JST) Price Prediction
Smooth Love Potion(SLP) Price Prediction
Step App (FITFI) Price Prediction
Chia Network (XCH) Price Prediction
Badger DAO (BADGER) Price Prediction
Perpetual Protocol(PERP) Price Prediction
Cronos (CRO) Price Prediction
Biconomy (BICO) Price Prediction
Dora Factory (DORA) Price Prediction
Gods Unchained (GODS) Price Prediction
Sweat Economy (SWEAT) Price Prediction
Flare (FLR) Price Prediction
Moonbeam (GLMR) Price Prediction
Kadena (KDA) Price Prediction
Creditcoin (CTC) Price Prediction
Illuvium (ILV) Price Prediction
Akropolis (AKRO) Price Prediction
Trust Wallet Token (TWT) Price Prediction
Alien Worlds (TLM) Price Prediction
Worldcoin (WLD) Price Prediction
Casper (CSPR) Price Prediction
Aave (AAVE) Price Prediction
Yield Guild Games (YGG) Price Prediction
Api3 (API3) Price Prediction
Optimism (OP) Price Prediction
Livepeer (LPT) Price Prediction

Whitepaper

Official Website