Exchange Binance Coin

BNB Price Live Data

The live Binance Coin price today is $ 665.27 usd with a 24-hour trading volume of $1 625 896 625 usd. We update our BNB to usd price in real-time. Binance Coin is down -0.21% in the last 24 hours. The current coinmarketcap ranking is #5, with a live market cap of $97 050 072 184 usd. It has a circulating supply of 145 887 576 BNB coins and the max. Supply of 145 887 576 BNB coins.

What Is Binance Coin (BNB)?

Binance Coin is the cryptographic money of the Binance stage. It is an exchanging stage only for digital forms of money. The name "Binance" is a mix of parallel and finance.

Thus, the startup name demonstrates the way that no one but cryptographic forms of money can be exchanged against one another. It is absurd to expect to exchange cryptographic forms of money against Fiat. The stage made a colossal progress inside an exceptionally brief time frame and is centered around overall market with Malta central command. The cryptographic money presently has a day to day exchanging volume of 1.5 billion - 2 billion US dollars and is still increasing.

In complete, there may be 200 million BNBs. Binance utilizes the ERC20 token standard from Ethereum and has dispersed it as follow: half sold on ICO, 40% to the group and 10% to Angel financial backers. The coin can be utilized to pay charges on Binance. These incorporate exchanging expenses, exchange charges, posting expenses and others. Binance gives you a tremendous rebate when charges are paid in BNB.

The timetable of BNB expenses markdown is: In the main year, half rebate on all charges, second year 25% markdown, third year 12.5% rebate, fourth year 6.75 % markdown, and from the fifth year onwards there is no markdown. This design is utilized to boost clients to purchase BNB and do exchanges inside Binance.

Binance declared in a buyback plan that it would repurchase up to 100 million BNB in Q1 2018. The coins are then singed. This implies that they are devaluated to expand the worth of the excess coins. This advantages financial backers. Later on, the digital money will stay a resource on the exchanging stage and will be utilized as gas.

Other tokens that are given by trades incorporate Bibox Token, OKB, Huobi Token, and more.