The history of the creation of Binance Coin (BNB) cryptocurrency. Total capitalization, trading volume, advantages and development prospects

Total capitalization: $4,135.7 million
Trading volume (24h): $200,438,146

Binance Coin was launched by the Binance cryptocurrency exchange. Binance became the first exchange to launch its own crypto asset. Although the resource itself is quite young, the rating of the coin is actively gaining momentum, and capitalization is growing. The starting price of the token was only 10 cents, after a few months it increased to 2.5 dollars, and today it has exceeded the mark of 25 dollars.

History of creation

In the summer of 2017, the Binance Coin token was launched on the basis of Ethereum. Developers have raised over $15M through ICO within minutes. The creators also took care of attracting users to the exchange in this way: when paying a commission on the exchange with Binance tokens, the client receives a discount. With constant use of the exchange, the discount increases, and for some, the commission may be completely absent.

Binace Coin cannot be mined, the rate is regulated by the exchange itself and depends on its positions. The coin is traded on only two exchanges: Binance and EtherDelta. There is no full-fledged wallet for storing the coin, since it is intended for internal use on the exchange. But you can use any wallet that supports the Ethereum algorithm.

The exchange was placed in the TOP-5 exchanges by daily turnover, and Binance Coin is in the TOP-20 cryptocurrencies. Analysts believe that in the future the token will have a stable exchange rate, a sharp increase in value is not expected due to high competition with full-fledged cryptocurrencies. Only the economic breakthrough of the site can affect the price. The developers have carefully thought out a system for reducing emissions by half, which affects the price increase.