binance-coin
Binance Coin
$ 21.94
Supply 147,883,948.00 BNB
Volume $230,041,385.00
Market Cap $3,244,233,343.00
⭕ Max Supply --- 200,000,000 BNB
🤝 Consensus ----- Tendermint BFT consensus
💲 Cost p. T. ------ 0.000375 BNB
🏃 Speed ---------- 1,500 TPS
⌚ 1 Block --------- 1-3 s
About BNB

BNB powers the Binance Ecosystem. As the native coin of Binance Chain, BNB has multiple use cases: fueling transactions on the Chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more.

(see binance.com)

Token

The BNB coin itself has multiple forms of utility, essentially being the underlying gas that powers the Binance Ecosystem. The current most prominent use cases include using BNB to:

  • Pay for trading fees on the exchange
  • obtaining the equivalent of a 50% discount on trades (during the first year).
  • Crypto.com has included support for Binance’s BNB token to its platform which includes the MCO Visa Card and mobile app.
  • Uplive platform supports BNB to buy virtual gifts.
  • Nexo platform supports the BNB coin as collateral for instant crypto loans.
  • Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.

(see info.binance.com)

Distribution
  • 50% – Public Sale
  • 40% – Funding Team
  • 10% – Angel Investors

(see info.binance.com)

Governance

Binance is a private company lead by CEO Changpeng Zhao

(see wikipedia)

Finance
  • Crypto exchange Binance has just hit a massive $1 billion mark in cumulative profit
  • In Q3 of 2019 alone, the exchange made a profit of  $183.5 million
  • Binance CEO CZ said: “We will continue to hunker down, and BUIDL”

“Keeping barriers to entry low” mantra seems to have paid off well for cryptocurrency exchange Binance. The exchange has just crossed a whopping $1 billion in cumulative profit as of Sept. 30, 2019, according to The Block’s research.

Binance today completed a ninth quarterly burn of its native token Binance Coin (BNB), according to a blog post by the exchange’s CEO, Changpeng Zhao “CZ.”  The burn involved 2,061,888 BNB tokens (worth nearly $36.7 million).

The USD value of Q3 burn is nearly the same as the value of Q2 and Q1 burns combined. In Q2, Binance burned 808,888 BNB tokens, while in Q1, it burned 829,888 tokens, totaling to 1,638,776 tokens.

Binance burns BNB tokens worth 20% of its profits every quarter. Since it burned $36.7 million worth of tokens in Q3, we can deduce that it made approximately $183.5 million in profit in Q3 alone. And if we look at all the nine burns to date, the cumulative profit has crossed a whopping $1 billion-mark.

(see theblockcrypto.com)

Services

Exchange The World’s Leading Cryptocurrency Exchange Trade Bitcoin, BNB, and hundreds of other cryptocurrencies in minutes.

Binance DEX Fast and secure decentralized digital asset exchange. The new crypto currency trading standard is here.

Academy The World of Blockchain Learn blockchain and cryptocurrency on your schedule and completely free.

BCF We make giving transparent. Adopting a two-pronged approach, we will combine market-based innovations with traditional philanthropy to advance sustainable development around the world.

Info Crypto Currency Market Data

Labs The mission of Binance Labs is to support industry projects that help grow the larger blockchain ecosystem, realizing the full potential of blockchain technology and its social impact, while increasing cryptocurrency adoption globally.

Launchpad A token launch platform for transformative projects

Research Binance Research provides institutional-grade analysis, in-depth insights, and unbiased information to all participants in the digital asset industry.

Trust Wallet Secure Multi Coin Wallet for Android and iOS


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