Binance Coin (BNB)

CryptoBinance Coin (BNB)

Binance Coin has a price of $ 233.48 with a marketcap of $ 38.10 B. It ranks number 5 of all cryptocurrencies.

BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token using the Ethereum network, with a total supply of 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now BEP2 and no longer ERC-20 tokens.

BNB can be used as a payment method as well as as a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).

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