BNB price today's market price is /coin。

What Is BNB?

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance.

Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart Chain, Binance Academy, Trust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.

Who Are the Founders of BNB?

Changpeng Zhao is the founder and CEO of Binance. In 2001, Zhao joined Bloomberg as head of tradebook futures development. He spent four years with the company and later joined Fusion Systems as a partner.

Since 2013, Changpeng Zhao has been actively involved with blockchain technology and cryptocurrencies. He became head of development at Blockchain, and in 2015 he founded BijieTech. In 2017, Zhao officially launched Binance, and he has been the CEO of the company ever since.

He Yi is a co-founder and chief marketing officer at Binance. She started her career as a TV anchor and presenter on China Travel TV in 2012. Later, in 2014, Yi co-founded OKCoin, which was the largest fiat-to-crypto exchange in China at the time. In 2017, she joined forces with Changpeng Zhao, and together they created the largest crypto exchange globally — Binance.

What Makes BNB Unique?

Binance is a unique ecosystem of decentralized, blockchain-based networks. The company has grown to be the leading crypto exchange in a number of countries, and their side organizations are attracting significant interest as well.

One of the biggest competitive advantages Binance has is its drive for development. While the company started only as a crypto exchange back in 2017, today, Binance has spread its services among numerous different spheres. According to the company website, its mission is to become the infrastructure services provider for the entire blockchain ecosystem.

Since launching the BNB, the exchange has also benefited from increased investor interest in the coin. BNB went through a significant price increase at the beginning of 2021, which has put it on the map of enterprise investors.

Measures like BEP-95 have upgraded the already deflationary tokenomics to make BNB even more deflationary. Following the proposal, gas fees on Binance Smart Chain have become even lower, as the network burns a part of the fees to decentralize further. The proposal was modeled after Ethereum's famous EIP-1559.

This has helped Binance overcome several exploits of protocols on BSC, such as a $200M exploit of Pancake Bunny and several hacks of Cream Finance. Despite these hacks, users return to Binance for its low fees and the abundance of lucrative meme coins in its ecosystem.

What Is BNB’s Auto Burn?

Within the crypto industry, a coin burn is a deflationary mechanism that is used to permanently remove coins from circulation. Most cryptocurrency projects, including Binance, periodically burn coins to sustain the value of their digital asset and create a deflationary effect.

In the case of Binance, the crypto exchange began the program in late 2017 and has so far burned over 38 million tokens via its quarterly burn to date. The crypto exchange has in mind to destroy up to 100 million BNB tokens through its quarterly burns, accounting for 50% of its circulating supply.

BNB utilizes two coin-burning mechanisms. The first mechanism consists of burning a portion of the tokens spent on transaction fees on the BNB Chain, and the second is its quarterly BNB burning events.

Previously, the quarterly burn event was based on revenue generated from the Binance centralized exchange. But under the new BNB Auto-Burn program, the number of tokens to be burned is calculated using a formula based on the total number of blocks produced on the Binance Smart Chain and BNB's average dollar-denominated price during the quarter.

As of July 2022, Binance had completed 20 BNB coin burn events. In total, 38,683,447.66 BNB tokens have been destroyed, reducing its initial 200M supply by 19.34%.

How Many BNB Are There in Circulation?

There is an initial maximum supply of 200,000,000 BNB coins, of which 168,137,036 are currently in circulation as of September 2021.

Binance conducts quarterly burning of the BNB supply, with the goal of reducing the total supply by half — or 100,000,000 BNB. On July 18, 2021, it conducted its 16th quarterly burning, which was worth $390 million in BNB price at the time of burning. However, that was not the most expensive burn — on April 16, 2021, the exchange burned nearly $600 million worth, in BNB price at the time of burning.

According to the Binance whitepaper, exactly half of the maximum supply of BNB coins was allocated towards the initial coin offering (ICO) and public sale of the coin. The ICO was held in July 2017 shortly after the exchange launched, and saw Binance raise $15 million in funding, with BNB price at |||20231207|.10 during the ICO. Taking BNB price today, that represents an almost 4200X return on investment (ROI). Another 40% of the total supply, or around 80,000,000 BNB coins, was distributed among the founding members and team. Finally, the remaining 10% of the maximum supply was split among angel investors.

How Is the BNB Network Secured?

Initially, the BNB started as a traditional ERC-20 token on the Ethereum blockchain. Later on, the company introduced its own blockchain, and the tokens started being issued from the Binance blockchain, secured by the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism.

While ERC-20 tokens rely on the proof-of-stake (PoS) consensus, which allows them to be extremely scalable, and allows for the creation of smart contracts. Unlike PoS, the Binance blockchain does not support smart contract functionalities. In contrast, the Bitcoin blockchain is secured by the proof-of-work (PoW) consensus, which is far more limited and consumes large amounts of electrical and computing power.

Where Can You Buy BNB?

As the dedicated utility token of the Binance exchange, the most straightforward way to acquire BNB coins would be to purchase them through Binance. The original exchange supports the largest variety of trading pairs with BNB, and it also has the best trading rates for the coin. Since the launch of Play2Earn games, interest in the BNB to PHP price has increased substantially.

If you are looking for alternative exchanges where you can purchase BNB, FTX is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.

To check BNB price live in the fiat currency of your choice, you can use ’s converter feature directly on the BNB currency page. Alternatively, use the dedicated exchange rate converter page. Popular BNB price pairs include: BNB/USD, BNB/GBP, BNB/AUD, BNB/CNY, BNB/JPY and BNB/EUR.

    BNB trading platform

1. OKEx Exchange: the exchange with the largest number of "big players" in the digital currency market and virtual currency

OKEx, as the exchange with the largest number of large players in the currency market, is also the first to open contract trading among the three major exchanges, and it is still gradually aligning with the contract position during development. In the past, 2020 was called the contract year, and the OKEx exchange also took advantage of the momentum to launch many contract games. OKex’s contracts are famous for their high multiples and small flat shares, attracting a large number of contract players, and the market viscosity is extremely high. If things go on like this, OKEx will become the direction mark of the currency contract.

2. Huobi Exchange: the exchange with the most "retail investors" in the currency market

According to relevant data analysis, Huobi Exchange can basically be said to be the exchange with the largest number of digital currency retail investors in the currency market. As a veteran exchange established in 2013, Huobi still has many loyal fans. Moreover, in all fairness, Huobi has successfully captured the requirements of most retail investors, and most of them have achieved deep-level best in terms of "spot buying currency" and "spot market".

3. Coinbase (USA): the exchange with the highest level of internationalization

Coinbase is the world's largest digital currency exchange. As of December 31, 2020, Coinbase's encrypted currency transaction volume was 193 billion US dollars, an increase of 141.7% over 2019, with a compound growth rate of 258%, accounting for 11.1% of the total market share. Financial data for the first quarter of 2021, of which the total revenue is about 1.8 billion US dollars, an increase of over 844% year-on-year

4. BitMEX (Hong Kong, China)

BitMEX buys and sells Bitcoin and other digital currency contracts, reaching 100 times leverage. Fast implementation, low cost, complete functions, and flexible transactions.

5. ZB (ZB)

ZB is a global data currency exchange. It has obtained the exchange license plates of Thailand and Dubai. The operation team has 4 years of experience in the blockchain field. The company's employees are located in China, the United States, Thailand, South Korea, Canada, Dubai and other places. . There are many currencies, suitable for computers and mobile phones, convenient registration, suitable for RMB; in addition, ZB has acquired a two-letter com domain name, which shows that it has certain economic strength.

6. Bitfinex

Bitfinex is one of the largest bitcoin trading platforms in the world. It is suitable for the trading of digital currencies such as Ethereum, Bitcoin, and Ethereum. The daily transaction volume reaches more than 3 billion RMB, and it is suitable for information currency transactions of US dollars and yuan online recharge. It is also one of the most frequently stolen Bitcoin trading centers. Trading pairs: 175 my country: Hong Kong Trading volume (24h): 8,997,430 Applicable: spot futures.

7.Gate.io

Gate.io is the former Bitcoin foreign data currency exchange, headquartered in Hong Kong, China. Since the announcement of the c2cRMB online recharge method on the gate.io platform in 2017, the transaction volume has soared. It is currently a popular digital currency trading platform for Chinese customers' fiat currency transactions, and supports fixed investment funds, loans, and 100-fold leverage contracts. Trading pairs: 292 my country: Hong Kong Trading volume (24h): ?7,272,210 Applicable: currency spot futures.

8.Coinbase

Coinbase is the first bitcoin exchange in the UK with a reliable license plate. In 2018, it was approved by the US government (SEC and FINRA) to issue the total license plate for trading securities and currencies! Coinbase is one of the most well-known digital currency exchanges in the world! Trading pairs: 4 my country: UK trading volume (24h): ?454,980 Applicable: spot market.

9. MXC Matcha Exchange

MXC (Uji Matcha) trading market is a digital currency trading platform dedicated to the communication and exchange of blockchain technology assets. MXC provides customers with blockchain asset circulation services such as coins, loans, contracts, financial investment, etc., mainly including Bitcoin (BTC), Ethereum (ETH), and other virtual currency markets. Trading pairs: 197 my country: Malaysia Trading volume (24h): ?6,074,440 Applicable: currency spot market.

10. AOFEX

AOFEX is located in London, and its Asian headquarter is located in Malaysia. It is the world's leading security digital currency service platform. It has obtained the UK MSB data currency transaction license plate and the Malaysian MAS service project exemption. AOFEX has always adhered to the value concept of "customer first, honesty, friendliness and reliability, technological innovation and tolerance, and cooperation". Persevere in the corporate mission of "becoming a well-known digital financial investment platform and providing services for 10 million investors and qualified investors".

The above is the detailed content of BNB price today, the latest news of BNB, and the value of BNB. I hope it will be helpful to you!