Home / binancecoin (BNB) Historical Data | Current BNB Price Charts, Live History

binancecoin (BNB) Historical Data | Current BNB Price Charts, Live History

Dynamic and history value of price BNB. Maximal value of price binancecoin was 47.04$ - 2021-01-19 14:00:06, Minimal price of BNB was 25.96$ value and fixed at 2020-10-23 00:00:06. Today price of binancecoin is : 0$

About binancecoin

Binance Coin (BNB) is the liquidity token used in the Binance cryptocurrency exchange. Binance is one of the largest cryptocurrency exchanges in the world and BNB currencies are used in the exchange as one of the cross assets. The people behind the BNB token are the same leaders responsible for Binance’s exchange, including Zhao Changpeng, a well-known cryptocurrency personality. BNB coins are ERC20 tokens and were sold to the public in a token sale in July 2017. Binary platform traders can use the BNB currency to pay commissions. For those operators using the BNB, the exchange will reimburse rates on a variable scale over a period of 5 years. The BNB also has something called «burning money» quarterly. The exchange will burn 20% of the profits obtained from the exchange and will buy back the BNB. These will be «burned» or destroyed. This will continue until Binance has burned half of the total coin supply. There are also other initiatives that Binance is developing and which could increase the demand for BNB tokens. These include the likes of the Binance chain launched by Binance DEX. This decentralized exchange will use BNB tokens as the basic liquidity token in the exchange which could increase demand. Similarly, Binance has just launched its «Launchpad», which will act as a platform for projects to issue their tokens in exchange for BNB tokens. This would increase the demand for BNB tokens as people try to participate in these mass sales. This has also been used successfully by projects recently, including increasing the BitTorrent (BTT) token. BNB tokens are relatively stable and there is a lot of liquidity in trading. Much of its volume is available in the Binance exchange, but this could happen to Binance DEX when it is released.