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 | $112.13B |
|---|---|
| 24H Trading Volume | $1.73B |
| 24H Low / High | $773.43 / $ 812.03 |
| 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, Gate.ioBybitBitgetMEXC cryptocurrency exchanges.
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BNB is not mineable. It started as an ERC-20 token on Ethereum but has transitioned to its own blockchain within the Binance ecosystem, and mining does not play a role in its distribution or validation.
There may be different staking options available such as to participate in DAOs, decentralized governance and for revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of BNB (BNB) is ($139,288,407), max supply of BNB BNB is ($200,000,000) and the market cap of BNB BNB is ($112,125,981,180).
What is the BNB (BNB) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of BNB (BNB) is $805. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether BNB (BNB) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (BNB BNB) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does BNB (BNB) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether BNB (BNB) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
