Binance Smart Chain is a smart contract platform backed by Binance. BNB is the native token of BSC and Binance exchange. More
| Fully Diluted Valuation | $115.45B |
|---|---|
| 24H Trading Volume | $3.43B |
| 24H Low / High | $828.73 / $ 866.96 |
| Circulating Supply | 139.29 M |
| Total Supply | 139.29 M |
| Max Supply | 200.00 M |
| Categories | FTX Holdings 11 more |
|---|---|
| Founder | CZ |
| Website | binance.com |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | 3xpl 7 more |
| Contracts |
0xb8c....bdd52
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| Name | Pair | OG Score |
|---|
Binance, launched in July 2017, stands as the world's largest cryptocurrency exchange based on its daily trading volume. Its aim is to elevate cryptocurrency exchanges to the forefront of global financial activity.
Beyond its status as the leading cryptocurrency exchange globally, Binance has introduced an entire ecosystem of functionalities for its users. This network includes Binance Smart Chain, Binance Academy, Trust Wallet, and Research projects, all utilizing blockchain technology to usher in modern-age finance. BNB plays a pivotal role in the successful operation of many of Binance's sub-projects.
BNB Chain is a public, open-source blockchain that strives to offer scalable smart contract support for decentralized applications. It pursues this objective through a modular design and scaling solutions. BNB Chain encompasses a multichain framework—the BNB Smart Chain, Beacon Chain, BNB Sidechain, and BNB ZkRollup.
Binance Coin (BNB) serves as the native digital asset of the Binance ecosystem, encompassing the Binance cryptocurrency exchange and BNB Chain. Initially created as a utility token for discounted transaction fees on the exchange, BNB has evolved into a versatile cryptocurrency with a wide array of applications and a growing market value.
BNB started as an ERC-20 token on the Ethereum blockchain during its initial ICO in July 2017, later transitioning into the native currency of the Binance Chain. This shift brought various advantages such as advanced scalability and higher transaction speeds.
Binance incentivizes users to utilize BNB in their trading activities. Additionally, through regular token burns, Binance permanently eliminates a portion of the BNB supply, potentially enhancing scarcity and supporting its value over time.
BNB stands out for its versatile utility within the expansive Binance ecosystem, transitioning from an ERC-20 token to a native currency of Binance Chain, offering advantages like scalability and faster low-fees transactions.
BNB was created within the Binance ecosystem, founded by Changpeng Zhao (CZ), the CEO of Binance.
BNB has garnered support and investment primarily from the community of Binance users and the Binance team, and a couple of major VCs, led by Changpeng Zhao.
BNB operates within the Binance Chain, which utilizes a proof-of-stake (PoS) mechanism to validate transactions and maintain the network.
You can buy BNB (BNB) on Binance, BitgetOKXGate.ioBybit cryptocurrency exchanges.
