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Binance Coin / BNB

Rating:

Basic Parameters

Official Site Launch Date 2017
Block Explorer Current StageAlready listed
Community
Whitepaper
Wallet
GenreIoT/DAG,Other concept Share Please 'Follow' before sharing

行情统计

非小号 MyToken CMC
Rank N/A N/A N/A
价格 N/A N/A N/A N/A N/A N/A
Circulating Supply N/A N/A N/A N/A N/A N/A
24H Volume N/A N/A N/A N/A N/A N/A

Project Details

Consensus Mechanism Developers
Block Speed Block Rewards
Total Issued190799315 Main Features
Core Algorithm

Project Introduction

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance.

Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing.

In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB.

The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance.

Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas.

Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more.

ICO Details

Total Token Raised
ICO period Hard Cap
ICO Price Raised Fund Distribution
Lockup

Team Intro

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News

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CoinBucks Rating

Community 30% 社区人数及活跃度
Updates 10% 在CoinBucks活跃度
Technology Assessment 15% 技术前景
Mining Income 30% CBS挖矿收入
Rating Agency 15% 市场前景

CoinBucks Rating Breakdown

100%

Score:83

Mining by Participation

3 0 Report 0
Impression

Binance Coin/BNB的类似货币

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