![]() Binance Breakdownīinance Coin is a derivative cryptocurrency that was pre-mined in the form of 200 million tokens at launch. It’s currently #5 in the top cryptocurrencies, beaten only by Bitcoin and Ethereum if we don’t count stablecoins. Nonetheless, BNB is still very popular because of how many people use the Binance exchange. However, less than a month after the peak, prices crashed back to earth, bottoming out at just over $200. BNB can be used to invest in new ICOs listed through Binance’s Launchpad program, make payments, and for booking travel accommodation.īinance Coin has seen significant volatility since its inception, but its most remarkable move was between February and May 2021, when prices soared from less than $50 in February to a peak of just over $700 in May: a return of approximately 1300%. Since then, it’s developed into much more than just a trading fee token. Conducting transactions on the Binance exchange using BNB tokens gives users a discount on transaction fees and can also be used to trade other cryptocurrencies. It was created for trading with and paying fees on the exchange. ![]() About Binance Coin (BNB)īinance Coin (BNB) is a digital currency created by Binance - the world's largest cryptocurrency exchange. This provides a great fundamental backdrop for further price increases. This gradual decline in supply is expected to push BNB’s price up.īinance itself has recently announced its intentions to hire 2000 more employees by the end of the year, signaling growth in Binance as a company. Since then, prices have joined in on the overall crypto market rally to peak at around $330 in August, representing an 80%+ gain.Īfter the recent burn of nearly 2 million BNB tokens, BNB is set for another burn in Q3 2022, with an estimated 2.05 million tokens being taken out of total supply.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |