BNB (BNB) EUR Price

€349.84
€3.17 (0.92%)
Market stats
Market cap
Market cap: the token’s price multiplied by its circulating supply.
€53.8B
Circulating supply
Circulating supply: the number of tokens released on the network and made available.
153.9M
Volume (24h)
Volume (24h): the trading volume of the token over the last 24 hours.
€1.9B
All time high
All time high: the highest price that the cryptocurrency has traded at.
€583.17
FDV
FDV: the fully diluted valuation is the price multiplied by the total supply.
€53.8B
Total supply
Total supply: the full amount of tokens on the network, including those that have not yet been released.
153.9M
About BNB

BNB Price Data

BNB (BNB) currently has a price of €349.84 and is up 0.92% over the last 24 hours. The cryptocurrency is ranked 4 with a market cap of €53.8B. Over the last 24 hours, it saw €1.9B of trading volume. The token has a circulating supply of 153.9M tokens out of a total supply of 153.9M tokens.

BNB is the native token of the BNB Chain, a blockchain network closely related to Binance, one of the world’s largest crypto exchanges.

Unique Features of BNB:

Binance ecosystem integration

BNB is a utility token in the cryptocurrency market that serves a specific purpose within a blockchain ecosystem. Binance offers a discount on trading fees for users who elect to pay in BNB. Binance has expanded its utility to include participation in token sales and ICOs on the Binance Launchpad. This allows users to support projects and acquire new tokens using BNB.

Additionally, BNB can be used for travel bookings and merchant payments through the Binance Card, making it more versatile and appealing to a wider audience.

Buyback and burn program

A key element of BNB is that Binance has a regular burn program. Initially under this program, Binance allocated 20% of its quarterly profits to repurchase BNB from the market and subsequently burn it. The exchange removed wording that specified the link to its quarterly profits, but it continues to burn BNB on a regular basis.

This process effectively reduces the total supply of BNB in circulation. The buyback and burn program holds significant implications for BNB. By decreasing the supply of BNB while maintaining or even increasing demand, the program creates scarcity and in the past has helped to drive up the value of the cryptocurrency.

When was BNB created or founded?

The creation of BNB can be traced back to the inception of Binance itself. The founders and developers of Binance, Changpeng Zhao (CZ) and Yi He, envisioned the need for a decentralized digital asset exchange that could cater to the growing demand for cryptocurrencies. As a result, they launched Binance and introduced BNB as its primary utility token — initially calling it Binance Coin. It started with a token sale that raised $15 million by July 2.

What are some notable events in the history of BNB?

  • July 2, 2017: Binance raises $15 million in an ICO for BNB.
  • July 14, 2017: Binance lists BNB on its exchange for trading.
  • March 13, 2018: Binance announces plans to create a decentralized exchange (DEX) using BNB as the native token.
  • April 23, 2019: Binance Chain, a blockchain platform developed by Binance, is launched, with BNB as its native cryptocurrency.
  • April 23, 2019: Binance DEX, a decentralized exchange built on Binance Chain, is launched.
  • December, 2019: Binance completes its 7th quarterly BNB token burn, removing 828,888 BNB from circulation.
  • February 17, 2020: Binance announces the launch of Binance Cloud, a platform that allows users to set up their own cryptocurrency exchanges using Binance's infrastructure.
  • April 16, 2021: Binance completes its 15th quarterly BNB token burn, removing 1,099,888 BNB from circulation.

Disclaimer: The “About” content was generated with the use of AI. For feedback and sponsorship enquiries, email [email protected].

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Market stats
Market cap
Market cap: the token’s price multiplied by its circulating supply.
€53.8B
Circulating supply
Circulating supply: the number of tokens released on the network and made available.
153.9M
Volume (24h)
Volume (24h): the trading volume of the token over the last 24 hours.
€1.9B
All time high
All time high: the highest price that the cryptocurrency has traded at.
€583.17
FDV
FDV: the fully diluted valuation is the price multiplied by the total supply.
€53.8B
Total supply
Total supply: the full amount of tokens on the network, including those that have not yet been released.
153.9M
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