What Is Binance Coin ( BNB ) ?
BNB is a cryptocurrency (token) that was created by Binance back in 2017. It was first issued and launched during an Initial Coin Offering (ICO) crowdfunding event, which took place between the 26th of June to the 3rd of July.
The token sale offered 100,000,000 units of BNB (50% of the total supply). The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB (around 0.11 USD back then).
BNB was initially issued as an ERC-20 token (on the Ethereum platform), but it will be soon transferred to the main Binance Chain. The initial total supply of BNB was defined as 200,000,000 coins, but due to the regular coin burn events, the supply is gradually decreasing. To learn more about BNB coin burns .
Important Points Table Of Binance Coin
| Basic | Points |
|---|---|
| Coin Name | Binance Coin |
| Short Name | BNB |
| Max Supply | 176,406,561 BNB |
| Explorer | Click Here To View |
| Technical Documentation | View Document |
| Website | Click Here To Visit |
How to Buy the Binance (BNB) Coin & Trade On Exchange?
What Is Features OF Binance Coin ?
Fast
Binance’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.
Simple
Trading crypto on Binance is easy and intuitive. To buy BNB, you only need a few steps.
Secure & Trusted
Millions of global crypto users trust our account protection features, such as our multi-tier & multi-cluster system architecture and our SAFU (Secure Assets Fund for Users).
Liquid
Binance is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.
Where to Store BNB Coin ?
You Can Store BNB Coin In ERC-20 Wallet . It Is Always Good Idea To Store Your Coin To Cold Wallet Or Offline Wallet .
Here Are Some Supported Wallet
- Ledger Nano X
- Ledger Nano S
- Binance Chain Web Wallet
- CoolWallet S
- Trust Wallet
BNB Coin Team
Binance Coin team consists of multiple experienced industry professionals and pretty much everything checks out about them.
CEO
The CEO of Binance Coin is CZ (Changpeng Zhao).
CZ was the founder and CEO of BijieTech, a successful company that provides cloud-based exchange systems to exchange operators. BijieTech gained five million USD in first 12 months of operations.
CTO
The CTO and co-founder of Binance Coin is Roger Wang. Roger has 10+ years of experience in the finance industry, and has previously worked for the largest investment bank in Japan (Nomura Securities).
Chief Architect – James Hofbauer
VP of Engineering – Paul Jankunas
Product Director – Allan Yan
Operations Director – Sunny Li
BNB Coin Video
What Is Next Step To Do After Purchased BNB
1- You Can Trade On Exchange
After You Purchased BNB Coin You Can Start Trade On Supported Exchange . Binance Coin Available At Most Popular Exchange Binance Bnb Own Exchange .
2- You Can Send BNB To Your Friends
You Can Send Bnb Coin To Your Friends , Family & Anywhere In The World . Binance BNB Coin Blockchain Conformation Is Very Fast .
3- You Can Store BNB
You Can Store BNB On Wallet Or Cold Storage . Holding Bnb Coin Might Be Give You Long Term Return Or Profit . Many User Hold Coin For Long Time To Aim Get High Profit .
Binance Coin History
As of November 20, 2019, BNB token was considered the eighth largest crypto coin in terms of market capitalization, with a market cap of $2.87 billion. In 2017, a couple of months after its launch, the BNB coin graph witnessed its first low, which turned out to be an all-time low price of $0.096109. The BNB price graph then witnessed its first all-time high just a couple of years later in June 2019 when the coin price reached $39.57.
Since then, the price of BNB tokens has fluctuated. By the end of 2019, the coin price was cut in half to $18. As of April 20, 2020, the exchange rate for BNB is $16.24 with a coinmarketcap rank of number 9.