This time I want to make a homework post that will answer the questions of professor @yohan2on from Steemit Crypto Academy, as the question is to explain one of 3 altcoins that have been given whiches LTC, XRP, BNB.

So this time I want to make a post about Binance coin (BNB)

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[1] What Is BNB?

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If we hear the word exchanger, surely what comes to our mind is that it is a cryptocurrency trading place. But did you know that the use of exchange is not just a place for buying and selling cryptocurrencies? This time an exchanger made a new movement that was quite different from other exchanges, he created his own cryptocurrency which he named Binance Coin or what we often call BNB.

BNB was first launched in July 2017. Initially, this BNB coin was created only with a simple objective, namely to provide a payment discount for every transaction that occurs on the Binance exchanger. But as time goes by, people are getting more and more interested in Binance Coin so that until now the price of Binance has shot up considerably compared to when it was launched.

The BNB coin launch system is to use the ICO from late June to early July 2017. There are two purchase options offered by Binance to buy BNB coins, the first using BTC and the second using ETH. 1 BTC coin is priced at 20000 BNB coins, while the price of 1 ETH is priced at 2700 BNB coins.

[2] The Virtues of BNB

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As I explained earlier, the purpose of making this BNB coin is to provide discounts for payment transactions on the Binance exchange. This was originally due to the increasing popularity of Binance as an exchanger. Currently, Binance is the largest crypto exchange in the world when sorted by the volume of trades that have occurred, this proves that Binance has many active users transacting on it.

To provide innovation for its users, Binance has taken steps to provide a discount for each transaction with the condition that the transaction must be made using its own coin, the BNB coin. Initially, the BNB coin developers had the feeling that only a few people would use this coin. However, it turned out that there was a very drastic line-up on the purchase of this coin, people were competing to buy BNB in order to get a large transaction discount on each transaction.

[3] Current Condition of the BNB coin

Since the launch of Binance Coin in 2017, it has seen a price increase and is now charging $537.25.

Source: Coinmarketcap

Currently, the supply from BNB that has been circulating is 153,432,897 BNB which is 90% of the total existing BNB.

The volume of the BNB market as a whole was $5,960,631,659.

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Source: Coinmarketcap

In the last 24 hours, BNB's lowest price reached was $493.01 while the highest price was $548.60.

Currently, the BNB coin has entered rank 3 of the Market Rank.

Source: Coinmarketcap

If we look at the graph of the value of the BNB coin below, as a whole, we can see that the price of the BNB coin has experienced a very sharp increase, the most dominant increase initially occurred in early 2021.

Source: Coinmarketcap

[4] Is It Worth It Buying BNB Coin Now?

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If you ask me, is it still possible to buy BNB now which has increased? My answer is "YES"

I personally have never used the Binance exchanger and the BNB coin, but even though it is not the exchange itself, BNB is still juxtaposed as a very strong cryptocurrency, its value tends to continue to rise and I am sure that when the total circulating supply is 100%, the BNB price will increase considerably and maybe it can beat some other well-known Cryptocurrencies such as Ethereum, Litecoin, or even Bitcoin though.

This is also helped by the performance of the project The Binance exchanger, which has a very large trading volume level. This also proves that the Binance exchange will remain strong for the next several years.

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Thank you for reading my blog, hope it will be useful for readers.
I would also like to thanks @yohan2on, @steemitblog, @steemcurator01, @steemcurator02 for creating such excellent study spaces.
See you in the next post!!