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.
May 14, 07:00:04 PM | Cointelegraph By Rakesh Upadhyay
Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days.
May 13, 08:00:03 PM | Cointelegraph By Rakesh Upadhyay
Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins.
May 10, 09:00:04 PM | Cointelegraph By Rakesh Upadhyay
Ethereum's increasing dominance has kept traders focused on altcoins but Bitcoin's struggle to hold above $59,000 could send the entire market tumbling.
May 9, 07:00:04 PM | Cointelegraph By Rakesh Upadhyay
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.