Binance Coin (BNB) price today is $31.48, Binance Coin (BNB) charts, Binance Coin (BNB) marketcap, Binance Coin (BNB) price history, Binance Coin (BNB) exchange, Binance Coin (BNB) trading volume & more

 

Binance Coin price today, Binance Coin trading volume, Binance Coin market cap live, Binance Coin rank today

 

  • binance-coin
    Binance Coin (BNB)
  • Live Price
    $31.48
  • 24h %
    -2.10%
  • Market Cap
    $4.55 B
  • Volume
    $471.79 M
  • Available Supply
    144.44 M BNB
  • Rank
    7

 

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10 Binance Coin (BNB)
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Binance coin (BNB) explained in simple terms

Before getting into How to buy Binance coin. Let me First, Explain Binance coin in simple words.

Binance coin is a native currency of Binance cryptocurrency exchange

BNB was an ICO launched with the launch of Binance exchange.

Binance coin launch price was 0.15$. At the time of writing the article, Binance coin is trading at $9.5 on Coinexpansion market which is more than 7000% of its launch price.

BNB follows Ethereum ERC20 token standard and runs on Ethereum blockchain. There is 200 M Binance token available for supply.

Binance coin can be used as payment currency on the Binance exchange. The best part is that while trading with Binance coin you get a 50% fee discount on all trades.

The BNB token acts as an underlying gas that powers the Binance Ecosystem.

One of the unique feature associated with Binance coin as mentioned by the Binance coin white paper

Binance plans to use 20% of our profits each Quarter to buyback and burn BNB, until 50% of the total BNB supply (100 million) is burned.

Once a quarter (four times per year), Binance exchange uses 20% of its profits to Buy Back Binance token.

Binance exchange buys back binance coin from the general market until it reaches 50% of the original supply with 100 M Binance coin remained for supply. This makes some simple changes to the supply and demand that exist for Binance token.

When supply is lower, the price of each BNB goes up assuming that demand remains the same.

Binance coin price increases to an even greater extent as the demand increases in future, which has high probability because of the popularity of the Binance exchange and ultimately Binance token.

Binance coin is currently 16th tradeable cryptocurrency on the coinexpansion market with a price $9.7 and $1.10 B market cap.

 

Binance Coin Price Chart & Graph


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Compare Binance Coin price live & Binance Coin trading volume (24 h) on the Binance Coin Exchange

 

# Exchange Pair Price Volume (24h) Updated

 

Binance Coin price history,  Binance Coin volume history,  Binance Coin market cap history

 

Date Price Volume MarketCap

 

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