Binance Coin reached its highest price on May 10, 2021 when it was trading at its all-time high of $ 689.33. The lowest price since it's ATH was $ 185.52 (cycle low).
What is the purpose of Binance Coin?
Binance Coin ( BNB) is the native cryptocurrency of the Binance Chain and the Binance Smart Chain. The Binance Coin powers the Binance ecosystem and is used to pay for transaction fees on the Binance exchange and as gas for the Binance Chain and the Binance Smart Chain (BSC).
What is the maximum number of Binance Coin tokens?
Binance coin initially ran on the Ethereum blockchain with ERC 20 standard but has since become the native coin of the Binance chain. It was launched during an initial coin offering (ICO) in July 2017 and has a strict maximum of 200 million BNB tokens.
What is the Binance Decentralized Exchange?
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. [6] It was founded in 2017 and is registered in the Cayman Islands . Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software.
