BNB Price, wiki, news, and stories
BNB to USD, BNB live price and chart
The Binance Coin (BNB) is the cryptocurrency coin that powers the BNB chain ecosystem. It serves as the utility token for the Binance cryptocurrency exchange. This means investors and cryptocurrency traders can use BNB to pay fees and carry out trades on Binance by using BNB.
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History of BNB
The Binance coin BNB was created in July 2017 by Changpeng Zhao. An initial coin offering(ICO) was carried out in July 2017. BNB tokens were distributed between the general public, angel investors, and the founding team. During the ICO, the public sale was allocated 100 million BNB which was 50% of the available tokens. Angel investors were allocated 20 million BNB which was 10% and the founding team was allocated 80 million BNB which was the remaining 40% that they had available.
All the publically available BNB were sold during the ICO. The ICO made $15 million in Bitcoin and Ethereum during this time.
BNB was first on the market for $0.50 per BNB. This value increased to $25 within 27 days of the official launch. The BNB coin reached an all-time high of $690.59 per BNB in June 2019.
Is BNB the same as Binance USD?
BNB (Binance Coin) can be used to pay transaction fees and access other services. But BUSD is a type of stablecoin that is created on the Ethereum blockchain. It is collateralized by US Dollars and published by Binance. It means that its value will remain stable.
How much BNB is owned by Binance?
The CoinMarketCap January 4 BNB figure attributed to Binance represents 57 million BNB tokens and is equivalent to 31% of the exchange's total assets. This BNB percentage is higher than any other data firm and Binance's November statement.
Where to buy BNB
Create a free account on the Binance website or the app. Binance is a centralized exchange where you can buy several cryptocurrencies including BNB. Before you can use the Binance platform, you'll need to open an account and verify your identification. Choose how you want to buy the BNB asset.
BNB latest news and stories
Binance Coin (BNB) Records 90-Day High Amid $4B US Settlement Negotiations according to coingape
BNB has increased by over 5% in the past 24 hours and was changing hands for $254.51 at 1:50 p.m. in New York, according to CoinGecko.