Binance Coin (BNB) is a cryptocurrency issued by the Binance cryptocurrency exchange. Binance Coin (BNB) was issued as an ERC-20-based cryptocurrency, but later Binance created its own chain and switched to a BEP2-based infrastructure. Existing ERC20 tokens are burned and converted into BEP2 tokens.
Binance, which is one of the largest exchanges in the world by volume, has also shown a significant increase in the volume of the Binance Coin (BNB) crypto currency and its value against the real currency in proportion to the volume of the exchange.
The total amount of BNB supply is 170,532,785. The amount of BNB in circulation is 154,532,785.
HOW DOES BINANCE COIN (BNB) WORK?
There are a total of 155,536,713 BNB on the market. Binance exchange buys Binance Coin (BNB) with 20% of its annual profit and burns the BNB coins it receives. This transaction will continue until 100,000,000 BNB is left on the market. The purpose of this transaction is to prevent inflation in the Binance Coin (BNB) market.
BINANCE COIN (BNB) REVIEWS
Since the launch of Binance Coin, there has been a significant increase in its value as a result of its effective use on the stock exchange. In fact, the limited supply of BNB indirectly added value to it. In addition, the fact that it is the token of the most used stock exchange in the world can also be seen as a reason why BNB is used too often.
How to buy BNB?
Binance Coin can be purchased by money transfer, credit and debit card or other crypto coins on the crypto exchange Binance. BNB is also listed on exchanges such as FTX, Poloniex, Bithumb, HitBTC and KuCoin. It is also possible to purchase BNB through BSC-based PancakeSwap.
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