BNB, or Binance Coin, is the cryptocurrency that powers the Binance ecosystem, one of the largest cryptocurrency exchanges globally ¹ ² ³. It was launched in July 2017 through an initial coin offering (ICO) and has since become one of the top 10 cryptocurrencies by market capitalization.$BNB
*Key Statistics:*
- _Market Capitalization:_ $88.6 billion ¹ ³
- _Circulating Supply:_ 145.9 million BNB ¹ ³
- _Total Supply:_ 145.9 million BNB ¹ ³
- _All-Time High:_ $717.48 (June 6, 2024) ³
- _All-Time Low:_ $0.03982 (October 19, 2017) ³
*Token Utility:*
BNB is used for various purposes, including:
- _Reduced Trading Fees:_ Paying fees on Binance with BNB entitles users to a 25% discount ³
- _Binance Account Tier:_ Holding BNB and meeting certain trading volume thresholds grants VIP tiers with additional perks ³
- _Dust Conversion:_ Converting non-tradeable amounts of cryptocurrencies to BNB ³
- _IEO Lottery:_ Participating in Binance's Initial Exchange Offerings using BNB ³
- _Binance Chain Native Token:_ Paying fees on the Binance Chain ³
*Where to Buy BNB:*
You can trade BNB on centralized crypto exchanges like Binance, P2B, and Azbit ³.