Binance Coin (BNB) is an integral part of the successful operation of many Binance sub-projects. In addition to being the largest cryptocurrency exchange in the world, Binance has launched an entire ecosystem of features for its users. The Binance Network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which use the power of blockchain technology to attract new sources to the coin defi world.
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Description of Binance Coin (BNB)
Binance is the largest cryptocurrency exchange in the world, based on daily trading volume. It aims to bring cryptocurrency exchanges to the forefront of financial activity around the world. Since the launch of Binance Coin, the exchange has also benefited from increased investor interest in the token. BNB experienced significant price increases in early 2021, putting it on the corporate investor map.
Who are the founders of Binance Coin?
| Changpeng Zhao | Since 2013, he has been actively involved in blockchain technology and cryptocurrencies. He became Head of Blockchain Development and founded BijieTech in 2015. In 2017, Zhao officially launched Binance and has been the CEO of the company ever since. |
| He Yi | She is the co-founder and CMO of Binance. In 2017, she joined forces with Changpeng Zhao and they created the largest crypto exchange in the world. |
The company has grown to be the leading crypto exchange in a number of countries, and their spin-offs are generating significant interest as well.
Coin benefits
One of Binance's biggest competitive advantages - its commitment to growth. While the company only started out as a crypto exchange back in 2017, today it has expanded its services to many different areas. Its mission - to become an infrastructure service provider for the entire blockchain ecosystem.
Binance Coin originally started as a traditional ERC-20 token on the Ethereum blockchain. Later, the company introduced its own blockchain and the coins started to be issued on the Binance blockchain. It does not support smart contract features. On the contrary, it is protected by PoW, which is much more limited and consumes a large amount of electricity and computing power.
BNB purchase
As a dedicated token on the Binance exchange, the easiest way to acquire BNB coins is through Binance. The original exchange supports the largest variety of BNB trading pairs and also has the best trading rates for the coin. Since the launch of Play2Earn games, interest in the price of BNB to PHP has increased significantly. If you are looking for alternative exchanges where you can purchase BNB, FTX is a good choice. To check the Binance Coin price in the fiat currency of your choice, you can use the CoinMarketCap converter feature directly on the Binance Coin currency page. Popular Binance Coin price pairs include:
- BNB/USD;
- BNB/GBP;
- BNB/AUD;
- BNB/CNY;
- BNB/JPY;
- BNB/EUR.
According to its White paper, exactly half of the maximum supply of BNB tokens was directed towards the initial coin offering (ICO) and the public sale of the token.