Introduction of Binance
What Is Binance Coin (BNB)?
Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol. As of June 2021, Binance Exchange is the largest cryptocurrency exchange in the world, supporting more than 1.4 million transactions per second.
Understanding Binance Coin
Binance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens. 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.
Almost half the funds raised during the ICO process were intended to be used for Binance branding and marketing, while around one-third were used to build the Binance platform and perform necessary upgrades to the Binance ecosystem.
BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
Binance Coin Burning
Although 100 million Binance tokens were initially offered in the ICO, the current total supply is lower. Every quarter, Binance uses one-fifth of its profits to repurchase and permanently destroy, or "burn," Binance coins held in its treasury.
Binance has regularly performed these burning events. The latest BNB burn came on April 15, 2021, when Binance burned a total of 1,099,888 BNB, equivalent to $595,314,380 USD worth of tokens. It is Binance's 15th quarterly BNB burn and its largest ever in terms of U.S. dollars. The total supply of BNB has decreased from 170,532,825 to 169,432,937.
Comments
-
Binance or BNB is a cryptocurrency exchnge,trading,dealing and investment platform.Its has her own native coin which is the BNB or BinanceCoin.
This entity is created by Chaopeng Zao or simply CZ.BNB can also be used as a form of digital payment for peer to peer monetary transactions.1 -
Binance or BNB is a cryptocurrency exchnge,trading,dealing and investment platform.Its has her own native coin which is the BNB or BinanceCoin.
This entity is created by Chaopeng Zao or simply CZ.BNB can also be used as a form of digital payment for peer to peer monetary transactions. i see i lovee it very much i love how to world is advancing with tech.
1 -
Binance is a good platform for trading crypto currencies. I am using this platform from last 3 month's and have no difficulty in trading on this platform.1
-
من تمام سعی حود برای خرید توکن های باینس میکنم زندگی من در گرو باینس است با سقود بایس من هم به پس سعی کنید همراهی کنید تا زندگی جریان داشته باشدپایان میرسم
بسیار عالی و نکوست باینس
0 -
skffffffffffffffffsfs''''''''''''''''''''msmfsiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii ihhh hhhhhhhhhhhhhhhhhhh suhfh uhfush hhhusfsouditubvi9- m0i0 uire00weur0w 9erwrw099j 9e9eu0ewujje]qq jf eru uuiew 00e09rujfj8yu .0
-
huhgiygihou8n y uy f guygiy u6t6 ufutt fytfytf 7uufu tfutyrduy ut u i tuytrdyd yr u utu tf 6t ut ufuyt uf u ttf u uf utd ud ud ufu uf uytuftfu u fuufufufuf u u u u u uff ff uufyt yf tyyyfyfyfyfyfytfyf yfytyfyfffyyf f
0
Howdy, Stranger!
Categories
- 150 All Categories
- 1 Forum Earning Rules/Rates
- 2 Payout Requests
- 13 General News
- 12 Technology & Science
- 6 Entertainment
- 8 Crypto Faucet Discussion
- 19 Crypto Mining Discussion
- 17 Paid to Click programs
- 10 Other Online Earning
- 8 URL Shorteners
- 9 Online Gambling Discussion
- 10 Perfect Money E-currency
- 21 Bitcoin News/Update
- 4 Ethereum News/Updates
- 2 Dogecoin News/Updates
- 2 Litecoin News/Updates
- 2 Ripple Updates/News
- 2 Cardano News/Updates
- 1 Stellar News/Updates
- 1 Binance Coin News/Updates