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 245.1439USD. The last 24-hour trading volume of Binance Coin is $1.71B. BNB price has increased by 5.20% in the last 24 hours. It has a circulating supply of 154.53M coins, and the total market cap of Binance Coin is $37.88B. 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.
Mar 3, 07:00:03 PM | Cointelegraph By Rakesh Upadhyay
Now that Bitcoin price has flipped $50,000 back to support, small and large-cap altcoins are gearing up for a move higher.
Mar 2, 12:00:07 PM | Yashu Gola
Binance Coin should do to Ethereum what Bitcoin is doing to gold: eating a good portion of its market capitalization by acting as a better alternative. That was pretty much what Changpeng Zhao, the founder/CEO of Binance cryptocurrency exchange, d...
Mar 2, 10:00:08 AM | Aayush Jindal
Binance coin price found support near $200 and started a fresh increase against the USDT. BNB is gaining momentum and it seems like the bulls are eyeing a fresh increase above $300. Binance coin price started a fresh increase above $220 and $230 a...
Mar 1, 07:00:04 PM | Cointelegraph By Rakesh Upadhyay
Bitcoin and most major altcoins are witnessing strong buying at lower levels, indicating the start of a relief rally.
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