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BNB, also known as Binance Coin, is a cryptocurrency that was launched by Binance, the world's largest cryptocurrency exchange in terms of trading volume. Binance Coin operates on the Binance Chain and is primarily used to pay for fees on the Binance platform, participate in token sales, and more. It has become an integral part of the Binance ecosystem.
BNB was created by Changpeng Zhao, the founder and CEO of Binance. Changpeng Zhao, also known as CZ, has been actively involved in blockchain technology and cryptocurrencies since 2013. He Yi, a former TV anchor and presenter, is the co-founder and chief marketing officer at Binance. Together, they have led Binance to become the largest crypto exchange globally.
The initial maximum supply of BNB was 200 million coins. Binance conducts a quarterly burning of BNB, with the goal of reducing the total supply by half, or 100 million BNB. As of September 2021, there are 168,137,036 BNB coins in circulation.
As the dedicated utility token of the Binance exchange, the most straightforward way to acquire BNB coins is to purchase them on the Binance platform. It supports a large variety of trading pairs with BNB and offers the best trading rates for the coin.
BNB has several uses within the Binance ecosystem. It can be used to pay for trading fees on the Binance platform, participate in token sales held on the Binance Launchpad, and be used in numerous Binance ecosystem projects. Outside of Binance, BNB is also widely accepted in many online and physical stores.
Recently, Binance has made significant strides in expanding its ecosystem. It has launched several new projects, including the Binance Chain, Binance Smart Chain, Binance Academy, and Trust Wallet. BNB plays a crucial role in the successful functioning of these projects. In terms of technological advancements, Binance has implemented measures like BEP-95 to make BNB even more deflationary. This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance.
Recent news about BNB highlights significant technological advancements. Binance Smart Chain (BSC) has seen a surge in DeFi adoption, with protocols like Venus, PancakeSwap, and LINA leading the charge. Venus, in particular, has seen a 70% increase in trading volume following the announcement of its Reward Token and NFT airdrops. Binance has also launched a proof-of-reserves system, allowing users to verify their personal Bitcoin holdings on the platform.
In BNB news today, Cristiano Ronaldo, the world-renowned footballer, is launching his first non-fungible token (NFT) collection on the Binance NFT market. This move is part of a multi-year partnership with Binance. Additionally, DappRadar has partnered with ApeSwap, a leading decentralized exchange on BNB Chain, to provide liquidity for the native RADAR token to BNB.
BNB is making strides in regulatory compliance and transparency. Binance has hired a UK director, emphasizing its commitment to comply with regulators. It has also moved $2 billion of bitcoin as part of a reserves audit. Binance has further published wallet addresses and details of its current holdings, demonstrating transparency in its operations.
Despite the volatile crypto market, BNB's price today remains steady due to its robust ecosystem and strategic partnerships. Binance CEO Changpeng Zhao has advised investors to hold their assets amid market unpredictability. If you're wondering where to buy BNB, it's available on the Binance platform, which continues to innovate and expand its offerings.
Headlines are updated in real time. Click on a headline to the left to read the news.
BNB, also known as Binance Coin, is a cryptocurrency that was launched by Binance, the world's largest cryptocurrency exchange in terms of trading volume. Binance Coin operates on the Binance Chain and is primarily used to pay for fees on the Binance platform, participate in token sales, and more. It has become an integral part of the Binance ecosystem.
BNB was created by Changpeng Zhao, the founder and CEO of Binance. Changpeng Zhao, also known as CZ, has been actively involved in blockchain technology and cryptocurrencies since 2013. He Yi, a former TV anchor and presenter, is the co-founder and chief marketing officer at Binance. Together, they have led Binance to become the largest crypto exchange globally.
The initial maximum supply of BNB was 200 million coins. Binance conducts a quarterly burning of BNB, with the goal of reducing the total supply by half, or 100 million BNB. As of September 2021, there are 168,137,036 BNB coins in circulation.
As the dedicated utility token of the Binance exchange, the most straightforward way to acquire BNB coins is to purchase them on the Binance platform. It supports a large variety of trading pairs with BNB and offers the best trading rates for the coin.
BNB has several uses within the Binance ecosystem. It can be used to pay for trading fees on the Binance platform, participate in token sales held on the Binance Launchpad, and be used in numerous Binance ecosystem projects. Outside of Binance, BNB is also widely accepted in many online and physical stores.
Recently, Binance has made significant strides in expanding its ecosystem. It has launched several new projects, including the Binance Chain, Binance Smart Chain, Binance Academy, and Trust Wallet. BNB plays a crucial role in the successful functioning of these projects. In terms of technological advancements, Binance has implemented measures like BEP-95 to make BNB even more deflationary. This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance.
Recent news about BNB highlights significant technological advancements. Binance Smart Chain (BSC) has seen a surge in DeFi adoption, with protocols like Venus, PancakeSwap, and LINA leading the charge. Venus, in particular, has seen a 70% increase in trading volume following the announcement of its Reward Token and NFT airdrops. Binance has also launched a proof-of-reserves system, allowing users to verify their personal Bitcoin holdings on the platform.
In BNB news today, Cristiano Ronaldo, the world-renowned footballer, is launching his first non-fungible token (NFT) collection on the Binance NFT market. This move is part of a multi-year partnership with Binance. Additionally, DappRadar has partnered with ApeSwap, a leading decentralized exchange on BNB Chain, to provide liquidity for the native RADAR token to BNB.
BNB is making strides in regulatory compliance and transparency. Binance has hired a UK director, emphasizing its commitment to comply with regulators. It has also moved $2 billion of bitcoin as part of a reserves audit. Binance has further published wallet addresses and details of its current holdings, demonstrating transparency in its operations.
Despite the volatile crypto market, BNB's price today remains steady due to its robust ecosystem and strategic partnerships. Binance CEO Changpeng Zhao has advised investors to hold their assets amid market unpredictability. If you're wondering where to buy BNB, it's available on the Binance platform, which continues to innovate and expand its offerings.