BNB

BNB priceBNB

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Overview
Analysis

BNB price live data

The current price of BNB is --, with a 24-hour trading volume of --. In the last 24 hours, the price of BNB increased by 1.25%. With a circulating supply of 163,276,974 BNB, BNB's fully diluted market cap stands at --. Currently, BNB ranks No.3 by market cap. The BNB to price is updated in real-time.

BNB market information

24h low/high
24h low--
Last price --
24h high--
Heat index ranking
35
Market cap ranking
3
Market cap
--
Favoriting rate
0.90%
All-time high
--
All-time low
--
Initial launch date
07/26/2017
Initial launch price
--
Circulating supply
163,276,974 BNB
Market cap at circulating supply
--

About BNB (BNB)

BNB powers the Binance ecosystem and is the native asset of the Binance Chain. BNB is a cryptocurrency created in June 2017, launched during an ICO in July, and initially issued as an ERC-20 token. Designed to be used for a fee reduction on the Binance exchange, its scope was extended over the years. BNB powers the Binance Chain as its native chain token. For instance, it is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, and transfer assets. BNB is also powering the Binance Smart Chain, which is an EVM-compatible network, forked from “go-ethereum”. It supports smart contracts and relies on a new consensus mechanism: Proof-of-Staked Authority (PoSA) consensus (“Parlia”), which incorporates elements from both Proof of Stake and Proof of Authority. BNB is used for delegated staking on the authority validator, leading to staking rewards for users and validators. Besides its on-chain functions, BNB has multiple additional use-cases such as fee discounts on multiple exchanges (e.g., Binance.com), payment asset on third-party services, and participation rights & transacting currency on Binance Launchpad. At the core of the economics of BNB, there is a burn mechanism leading to period reductions in its total supply (~ every three months). From its initial maximum supply of 200 million, burns are expected to continue until the supply reaches 100 million.

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