#BNB

What Is Binance Coin ($BNB )?Binance coin was released in July 2017 during the ICO. The main goal was to attract investments for the development of the Binance exchange. Initially, BNB token standard was ERC-20, operated on the Ethereum blockchain, and was not available for mining. On April 18, 2019, Binance Chain was launched, and all BNB tokens were moved to its blockchain in five days.Under the ICO terms, 50% of Binance Coin tokens were distributed among investors, the team received 40% and 10% – venture investors. The team succeeded in collecting 15 million US dollars; the exchange was supported mainly by investors from China. This sum is not very impressive, since some projects raised a more considerable amount without a working business and products. Half of the money went to advertising and brand promotion, 35% – for platform development, modernization, and security, and the remaining 15% was directed to the reserve fund.The BNB coin is subject to inflation, but the creators took this point into account even at the creation of the white paper stage. According to one of the white paper points, every three months, the Binance exchange sets aside 20% of its income for the subsequent redemption of coins and their burning. As a result, only 100 million BNB will remain, i.e., half of the initially issued volume.On the Binance platform, the BNB Coin cryptocurrency performs three functions:Acts as a trading assetUsed to reduce feesSuitable for paying for goods on platforms that accept Binance CoinOne can use Binance Coin to pay for any fees on the platform, including but not limited to: exchange fees, listing fees, and any other fees. When users apply BNB to pay for fees, they receive a significant discount, depending on the time spent using BNB to cover the fees.The token was established with a total supply of 200 million and is not mineable. As we have already mentioned, all the issued coins were either distributed or burned after the launch of the asset. Binance has launched its own startup platform, Binance Launchpad. It publishes various interesting projects looking for investors, and Binance leads the IEO – the initial sale of tokens by the exchange. You can participate in IEO if you have BNB tokens, so each such project provokes a demand for Binance Coin.Will Binance Coin reach $1,000?Binance Coin would need to gain 221.13% to reach $1,000. According to our Binance Coin prediction algorithm, Binance Coin will hit $1,000 in May 2024.Will Binance Coin reach $10,000?Binance Coin would need to gain 3,111.27% to reach $10,000. According to our Binance Coin prediction algorithm, Binance Coin will hit $10,000 in March 2044.Will Binance Coin reach $100,000?Binance Coin would need to gain 32,012.73% to reach $100,000. According to our Binance Coin prediction algorithm, the price of Binance Coin will not reach $100,000. The highest expected price our algorithm estimates is $ 23,810 by Jan 1, 2049.According to CryptoNewz :Based on our Binance Coin (BNB) price prediction for 2024, the coin may have minimum and maximum prices of around $330 and $645, respectively.In 2025, Binance Coin (BNB) is expected to reach the maximum price of around $840, while the minimum price level might be around $692, as per our BNB coin price prediction for 2025.Our Binance Coin price prediction for 2030 projects is that the potential high of the BNB coin may be $2296, with a potential low of $1947 in the crypto market.#Binance Price Prediction 2024-2025-2030 As Per Crowdwisdom :BNB Binance Price Prediction 2024 is $528BNB Binance Price Prediction 2025 is $755BNB Binance Price Prediction 2026 is $1016BNB Binance Price Prediction 2027 is $1260BNB Binance Price Prediction 2028 is $1722BNB Binance Price Prediction 2029 is $2491BNB Binance Price Prediction 2030 is $3634