Coins: 1996
Exchanges: 150
BTCBTC Dominance: 39.5%
ETHETH Dominance: 17.7%
  • Market Cap $1,891,226,242
  • 24 Hour Trading Vol $96,987,289
  • 24h Low / 24h High $16.15155 / $17.14854
BNB
USD

Binance Coin (BNB) Overview

Complete Metrics Score
59%
Total
Major Exchanges Trading Activity
75%
Liquidity
Source Code Repository Activity
38%
Developer
Social Media & Discussion Board
54%
Community
Price Chart
About

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name “Binance” is a combination of binary and finance.

Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing.

In total, there will only be 200 million BNBs. Binance uses the ERC 20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB.

The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance.

Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas.

Quick Stats
Binance Coin Price $16.5837
Market Cap $1,891,226,242
Trading Volume $96,987,289
24h Low / 24h High $16.15155 / $17.14854
Gecko Rank #28
Market Cap Rank #15
All Time High $24.36990481
Since All Time High
-32%
All Time High Date 2018-01-06 (5 months)
24 Hours
-0.97%
7 Days
18%
14 Days
14%
30 Days
9.7%
60 Days
36%
1 Year
0.0%
Links
Homepage https://www.binance.com/
Blockchain/Supply https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
Misc. Info
Genesis Date July 08, 2017 (12 months)
Hashing Algorithm -
Hashrate N/A Try Cloud Mining
Block Time minutes
Available/Total Supply 114 Million / 195 Million
# Exchange Pair Price 24h Volume Volume %
1
Updated 3 minutes ago
$16.56
16.6431 USDT
$50,619,373.37
3056724.820 BNB
52.22%
2
Updated 3 minutes ago
$16.61
0.002584 BTC
$41,161,712.64
2478313.030 BNB
42.46%
3
Updated 3 minutes ago
$16.62
0.033603 ETH
$4,902,727.14
295022.010 BNB
5.06%
4
Updated 5 minutes ago
$18.43
0.03727112637 ETH
$209,039.18
11343.764 BNB
0.22%
5
Updated 3 minutes ago
$16.99
16.99357 USD
$45,537.82
2679.709 BNB
0.05%
1388
Stars
243
Watchers
700
Forks
3
Contributors
0
Merged Pull Requests
18 / 35
Closed Issues / Total Issues