Binance Coin

In 2017, 11 days before the Binance crypto-currency exchange went online, BNB was introduced with an initial coin offering. It was originally issued as an ERC-20 token running on the Ethereum network, with a capped total supply of 200 million coins and an ICO offering of 100 million BNBs. However, with the launch of the Binance Chain mainnet, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019, and are now no longer hosted on Ethereum. BNB can be used on the Binance launchpad as a payment form, as a utility token to pay for fees on the Binance exchange and for participation in token sales. The Binance DEX (decentralized exchange) is also operated by the BNB. Since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus system, you can't mine BNB like you would a proof-of - work cryptocurrency. Instead, by validating blocks, there are validators who earn from protecting the network.

Binance Coin (BNB) coin's current price is 592.6246USD. The last 24-hour trading volume of Binance Coin is $1.95B. BNB price has increased by 1.70% in the last 24 hours. It has a circulating supply of 153.43M coins, and the total market cap of Binance Coin is $90.93B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase Binance Coin with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase Binance Coin across multiple exchanges, track and view Binance Coin price charts, as well as utilize our proprietary signals and indicators to help you predict the market.

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