Binance Coin!!

BNB was launched through an initial coin(ICO ) Read about ICo herehttps://read.cash/@r2000/what-is-an-ico-d9d7b354 offering in 2017, 11 days before  Binance cryptocurrency exchange went online. In this article we will include some key-points about Binance coin (BNB).  I will try to make it easy, clear and short.

Here are some Key-points about BNB

Market Cap = 3,357,339,581 USD

Volume= 197,099,287 USD

Circulating Supply= 147,883,948

  Total supply= 179,883,948

Ethereum-based token

BNB was originally issued as an ERC-20 token running on the Ethereum network, with total supply capped 200 million coins, and 100 million  BNBs offered in the ICO. You can read about ICO from this link. However, the ERC-20 BNB coin were swapped with BEP2 BNB in April 2019 with the lauch of the Binance Chain mainnet, and are  now no longe hosted on Ethereum.

BNB As A Payment in Binance Platform

BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance laucnhpad.

Can’t  Be Mined  

We cannot mine BNB as we would a proof-of-work cryptotcurrency, since the Binance Blockchain uses BFT Byzantine Fault Tolerance consensus mechanism. Instead, there are validators that earn from securing the network by validating blocks.

You can buy BNB on the Ninance crypto exchange with a wire or  bank transfer, a credit ard or debit card, or any other exchanges that offer the cryptocurrency .

If you have any query you can write down to the comment section I will reach to you ASAP!