Rank 14

Binance Coin

BNB

Avg. Price

$6.06 USD

24hr change

-11.18%

BNB/USD Calculator

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Market Cap / USD

$792,689,659

Circulating Supply

130,799,315

Volume 24hr / USD

$27,736,172

Total Supply

190,799,315

What is Binance Coin?

  • Token

Binance will issue its token coin, called the Binance Coin (BNB). A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20. Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB (100MM) back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining. 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.

Always do your own research #DYOR

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