Binance Coin (BNB) is the cryptocurrency belonging to Binance, one of the largest cryptocurrency exchanges. The Binance Coin was one of the fastest growing cryptocurrencies ever, with its value increasing from about 10 cents to $22 in only six months in 2017.

The value of the Binance Coin grew so rapidly mainly because Binance was giving everyone who used it on its platform a 50% discount in trading fees. This led to more and more people buying the Binance Coin so they could benefit from lower trading fees, which in turn increased the coin’s value. The discount will drop to 25% later this year, and 12.5% a year after.

Binance also promised to buy back up to 100 million Binance Coins in the future (of out of a maximum of 200 million coins), and then burn those coins, thus further increasing the value of the remaining coins.

More infomation:

Name: Binance
Symbol: BNB
Max Supply: 200,000,000

Circulating Supply: 142,799,315
Total Supply: 190,799,315
Cryptographic Algorithm: Ethash

Issue Date : 2017-07-08
Source Code: –
Issue Price: $0.150000
White Paper: https://resource.bnbstatic.com/books/20180119/1516332231061.pdf
Protocol: POW
Website: https://www.binance.com/
Explorer 1: https://etherscan.io/token/0xB8c77482e45F1F44dE1745F52C74426C631bDD52
Explorer 2: https://trivial.co/t/0xb8c77482e45f1f44de1745f52c74426c631bdd52
Type: COIN

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