What Is BNB:
BNB, a useful cryptocurrency that powers the Binance platform, and is the parent currency of the Binance chain. In this report we present the answer to the question, What is BNB and how to buy and store it?
Binance is the world's largest cryptocurrency platform, with a daily trading volume of more than $ 7 billion. BNB as the platform's parent currency benefits from network influences and growth.
Binance Coin Quick Facts - BNB
Name: Binance coin
Symbol: BNB
Maximum supply: 170,533,651 BNB
Blockchain: Binance Chain (original)
Foundation Date: July 2017
The origin of the Binance coin - BNB
In 2017, when the Binance platform was new at the time, it launched an initial offering of Binance Coin (BNB).
The ICO took place from June 26 to July 3, prior to the launch of the Binance platform.
Initially, Binance Coin (BNB) was built on the Ethereum blockchain as the ERC20 token.
Later, the Binance coin migrated to its own blockchain network - Binance Chain. The digital currencies in the old series were replaced by the new series, in a 1: 1 ratio.
During the IPO, 100 million BNBs were introduced out of a total supply of 170 million BNB.
What is the benefit of Binance coin - BNB ?
Binance Coin is used in several major instances in the Binance platform and the Binance chain.
The platform users can use BNB coins to pay the trading fees. The advantage between this method and the usual method is that using BNB currency gives the trader a 25% discount on the fees.
Moreover, the currency in the platform can be used as collateral for DeFi futures trading and financing (DeFi) applications.
Besides trading and the Binance chain, BNB coin has seen significant adoption by traders and companies.
In addition, the cryptocurrency can be used for hotel payments, airline tickets, purchasing virtual gifts and more.
What is the process for burning Binance Coin (BNB )?
The supply of Binance Coin (BNB) is reduced through a process called coin burning. This process permanently eliminates digital currencies.
Cryptocurrency projects use burning currencies to reduce inflation. As the decrease in the supply of currency by burning digital currencies along with the pressure of demand increases the value.
The Binance Coin (BNB) burn occurs every quarter until 100,000,000 BNBs are destroyed.
At the end of each quarter, the Binance platform burns BNB coin. The amount of bad coins depends on the total trading volume on the Binance platform for a period of 3 months.
How to buy Binance coin ?
The best option to buy Binance Coin (BNB) is on the Binance platform. The platform allows to buy BNB coins in conventional and other cryptocurrencies.
Initially, you need to register on the Binance platform. Deposit cash or another cryptocurrency to make the purchase.
You can deposit cash via credit or debit card, bank transfer, or several other options via the Binance P2P service .
How to store Binance?
Many cryptocurrency wallets support BNB . These wallets allow storing, receiving and sending BNB currency.
The Trust Wallet is one of the most popular wallets that support BNB and Binance Chain. The Trust Wallet is available on mobile and desktop.
Bnb currency trading platforms
FTX,VCC Exchange,HitBTC,Dex-Trade, Coinsbit,CoinTiger, Julswap ...
VALUES BNB COIN
prix bnb coin:562,67 $US =0,00887243 BTC
Capitalisation du marché
87 047 937 523 $US
Volume de négociation sur 24 h
8 140 932 536 $US
Min. sur 24 h / Max. sur 24 h
542,13 $US / 587,90 $US
Offre en circulation
154 533 651 / 170 533 651
cc: @yohan2on
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