9/20/2023 0 Comments Binance coin price prediction![]() ![]() The aim is to burn 100 million Binance coins reducing its supply and, in turn, boosting the coin’s demand.īNB is currently trading at $435.44 with a total circulating supply of 166,801,148.00 BNB. To be precise, it uses 20% of the profits to buy back and burn BNB coins. The blockchain platform has a deflationary burning strategy to ensure a finite coin supply. Other uses include booking and paying for hotels at, shopping, gaming, travel, and a fund source for the Binance debit card. Additionally, BNB is a utility token on the Binance Smart Chain (BSC), meaning you can use it to send tokens, generate passive income and collateral for crypto loans. The primary use of BNB coins is to pay for transaction fees on the Binance platform. The capital is used for marketing branding and emergency reserve. The other half was offered to investors at 15 cents raising $15 million. A half (100 million BNB) of the total supply was distributed to the founding team and angel investors. So, where is BNB coming from? First, let’s explore past performance before delving into future price expectations.īinance coin was launched through an Initial Coin Offering ( ICO). But before that, we shall explain BNB’s price performance and uses. ![]() ![]() This article explores the predicted price of the Binance coin for this year – 2022. It is now used for transactions on the Binance trading platform, the biggest crypto exchange globally by trading volume. However, it has slid into fourth place after Tether took its place in the third position.īinance Coin ( BNB) started as an Ethereum ERC token before migrating to the Binance blockchain. Within four years, Binance coin grew to become the third biggest crypto after Bitcoin and Ethereum. Initially, it was based in China before relocating to Caymans Islands due to crypto restrictions in China. The influential Changpeng Zhao created Binance in 2017. ![]()
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