Binance Coin (BNB)

smart contracts
exchange
monetization
trading & investing
delegated proof of stake
#8

Marketcap Ranking

20.27726 (0.64%) arrow_drop_up

Market Price (24h change)

3,153,858,491

Total Market Cap

4.1

4.7

info_outline What is Binance Coin

4.2

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Short Description

Binance Coin is the digital token of the Binance exchange. It is an exchanging token only for cryptographic forms of money. The name "Binance" is a blend of binary and finance.

There is no technology description for Binance Coin yet.

We can not provide any looks into the future for Binance Coin yet.

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Introduction Video

Binance Coin Explained | Binance Cryptocurrency Exchange | Buidl School

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Screenshot from Website

www.binance.com
BNB Websitemore_vert

Visit Webpage

Website Informationclose

Organization: Domain Protection Services, Inc.
Name: Whois Agent
Country: US
City: Denver
Zipcode: 80201
Address: PO Box 1769
Mail: a
Creation date: 2017-04-01
Expiration date: 2021-04-01
Nameserver: NS-1319.AWSDNS-36.ORG

attach_money Product Analysis

4.7

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Whitepaper

Binance describes a world-class crypto exchange, powering the future of crypto finance and the Binance coin that supports it.


The whitepaper of Binance Coin is 17 Pages long.

The most influencial keywords are: Exchange, Binance, Trading, Trade, Security, Team, Clients, Data, Market, and Systems.

file_downloadOpen Whitepaper
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Close Competitors

  • 1.) Cobinhood

    COBINHOOD is a cryptocurrency exchange with trading interface and COB ERC-20 token. Also it has 0% trading fees without any conditions.

  • 2.) Spectre.ai Dividend Token

    The world's first broker-less financial trading platform

  • 3.) Huobi Token

    Huobi is a world famous Bitcoin exchange. On Huobi, you can trade Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), DASH, etc, using Bitcoin (BTC) and USDT.

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Product analysis

Binance Coin was founded back in July 2017. Its source code was released publicly on github on August 2018 under the Apache License 2.0 license.
Organization wise, Binance Coins Development is Centralized and is being developed under the lead of Changpeng Zhao .

The consensus on which the Binance Coin network is run is called Byzantine Fault Tolerance, while the underlying algorithm is called Tendermint (BFT).
In the current state of Binance Coin currently is Working product

group Community Analysis

4.8

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Communities & Events

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.

view_list r/binance Subreddit
person 57,400 Subscribers
directions_run 230 Active Users
create 11 Daily Posts
speaker_notes 25 Daily Comments
linkOpen Subreddit

Binance announcements:
https://t.me/binance_announcements

Other Languages:
Please type /communities in the chat to find our other communities.

Beware of scams. Never provide your private keys/phrases to anyone.

view_list Binance English Channel
person 99,074 Members
directions_run 5,929 Online
linkOpen in Telegram

Official Twitter account for Binance Coin

view_list @binance Channel
person 1,062,090 Followers
11.18.2019
03:50
A Beginner's Introduction to Cryptoeconomics - @BinanceAcademy Even though a relatively new concept that emerged with the birth of #Bitcoin, cryptoeconomics is a significant building block to consider when designing decentralized networks. https://t.co/DaqksTtGCi 51 favorite
11.18.2019
02:43
.@CTXCBlockchain - 1 trong 2 dự án đối đầu nhau trong chương trình Bình chọn Coin Cộng Đồng Binance sẽ có buổi AMA Hỏi & Đáp với cộng đồng @BinanceVN vào lúc 14:00 ngày 18/11/2019 tại https://t.co/Abs09vJm7j #Binance #BinanceVietnam #CTXCBlockchain https://t.co/EUgZWsAuRh 28 favorite
11.17.2019
19:11
.@BinanceResearch explores the meteoric growth of #BinanceFutures. It took just 26 days for #Binance's perpetual contracts volume to exceed spot volume, peaking at a high of 2.3B on October 26th. Which pair do you trade the most on #binance? https://t.co/iVEOiYhihu 115 favorite
11.17.2019
15:01
Не знаете за кого голосовать? ⚖️ Присоединяйтесь к нам на #BinanceAMA сессию в https://t.co/kzJtkIPVyX чтобы узнать больше о @aergo_io! 🗓 18 ноября в 18:00 по МСК 🏆2000$ в токенах AERGO будут разыграны за лучшие вопросы и другие активности https://t.co/AF00nDdh6n 68 favorite
11.17.2019
11:05
Біз Қазақстаннан Binance періштелерін іздейміз! 🇰🇿 Бүкіл әлемдегі арнайы еріктілер тобына қосылыңыз және отбасының бір бөлігі болыңыз! 👨🏻‍💻 Бағдарлама туралы толық ақпарат мына жерден табуға болады: https://t.co/WshU88GAfc Қазір өтініш беріңіз 👉🏻https://t.co/ytKS6iYwXb https://t.co/6qgr9K46y3 60 favorite
11.17.2019
08:29
AMA avec @CTXCBlockchain. Rejoignez-nous sur https://t.co/QubxNiMxgf ⏰Le 18 novembre à 1 PM Heure de Paris 💰600$ en Tokens $CTXC à remporter pour les meilleures questions https://t.co/YhBX4fqrD1 64 favorite
11.17.2019
04:33
"This is probably the most detailed narrative of the #binance story so far. Very impressive piecing so much together from an external viewpoint." - @cz_binance https://t.co/hIo6CgnMHW 270 favorite
11.16.2019
23:30
💻-----📱-----💻-----📱-----💻 In the early stages of #Bitcoin, Satoshi Nakamoto🙏 defined it as a “Peer-to-Peer Electronic Cash System.” Bitcoin was created as a digital form of money. Learn more with @BinanceAcademy 👇 https://t.co/Ict66ifHNP 164 favorite
11.16.2019
20:30
AMA avec @aergo_io. Rejoignez-nous sur https://t.co/QubxNiMxgf ⏰Le 18 novembre à 2 PM Heure de Paris 💰600$ en Tokens AERGO à remporter pour les meilleures questions https://t.co/1Ig6Yy8DNc 86 favorite
11.16.2019
17:33
Prepárate para recibir al equipo de @CTXCBlockchain en una nueva ronda de preguntas y respuestas en nuestro siguiente #BinanceAMA Series! 📚 Tendremos un giveaway de 800$ para todos los participantes, Domingo 17 de Nov (10:00 AM EST) https://t.co/btPuUQL6Rk https://t.co/kwMhJja19O 53 favorite
Name Date Description
[TWITTERPOST] 11.18.2019 Shift Money 2019 conference from Nov 18 - 19 in Croatia.
Istanbul Meetup 11.20.2019 "Join @Fetch_ai CEO @HMsheikh4 and Binance CEO @cz_binance at the Binance meetup in Istanbul
LA Bit Conf 12.12.2019 Latin America Bitcoin & Blockchain Conference in Uruguay from Dec 12th - 13th.
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Google Trends Analysis


The Google Trends chart displays the search interest on google in Binance Coin relative to its peak over the last year. A rising chart shows growing interest int he project.

code Development Analysis

3.1

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Github Analysis

Code Updates (Commits)


Every change to the codebase of Binance Coin is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 99 Stars
remove_red_eye 19 Watchers
usb 69 Forks
sync_problem 24 Open Issues
border_color 0.2 % Comment Coverage
lock_open Apache Licen License

attach_money Price Analysis

3.9

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Price Prediction

$ 19.97710 (-2.12%) arrow_drop_down

Predicted USD Market Price in 24h

$ 20.37963 (-0.15%) arrow_drop_down

Predicted USD Market Price in 14d

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Converter BNB - USD

Convert between BNB and USD with the live Binance Coin prices, aggregated from all big exchanges that trade Binance Coin.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle Team Analysis

4.5

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Team

Lead

Unknown -
It is not exactly clear who is the main driving force behind Binance Coin.


supervisor_accountSocial Network Links

Members (19)

launch

Roger Wang

Cto

launch

James Hofbauer

Chief architect

launch

Ted Lin

Chief growth officer

launch

Allan Yan

Director of product

launch

Leah Li

Global pr manager

launch

Sunny Li

Operations director

launch

Ella Zhang

Head of binance labs

launch

Christy Hyungwon Choi

Director at binance labs

launch

Nicholas Ng

Senior product manager

launch

Jin Lan

Senior software developer

launch

David K.

Head of singapore

remove_red_eye Product Review by Coinpaper

4.6

How things stand

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On March 7, 2018, hackers tried to steal money from some Binance user accounts, but the security system of Binance prevented this. The hackers got access to the accounts through phishing methods (copied the Binance.com page and replaced it with their own page with a similar looking name). [1]
Binance launched it's own stable coin BGBR on 23 March 2019 as a response to the Tether scandal. [2] [3]

4.0

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Binance is working on a decentralized exchange (DEX). The genesis block for the Binance Chain was mined on April 18, 2019. Binance wants to get ahead of other blockchain companies and Binance is trying to build a DEX that uses BNB, but still wants to control which altcoins can be traded on it. [1]
Binance redesigned their website in June 2019. [2]

4.7

Product description

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The Binance Coin is a utility token that users of the cryptocurrency exchange binance.com may use to reduce the fees of sell/buy orders by up to 50%. The success is therefore directly tied to the performance of binance.com. [1]

4.7

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Binance.com is the biggest exchange and has a very high reputation amongst the cryptocurrency community. [1]
There are many altcoins listed on the exchange and Binance sorts out coins that show bad behaviour, such as lack of commitment of team to the project, low level or quality of development activity, level of public communication or evidence of unethical conduct. [2]

4.9

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The Binance Coin is an ERC-20 token that was made by the founder of the exchange binance.com, Changpeng Zhao. He is a co-founder of blockchain.com (former blockchain.info) and was the CTO (chief technology officer) of OKCoin. [1]

4.9

Pro-Contra

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Security Relatively high. The coin has been around for a while.
Adoption The coin has a high acceptance rate compared to other cryptocurrencies.
Product availability The product is already available.
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Transactions per second It can handle much less transactions per second compared to other cryptocurrencies.
Transaction speed The transaction speed is much lower compared to other cryptocurrencies.
Transaction cost The transaction fees are much higher compared to other cryptocurrencies.
Enery consumption The energy consumption is high compared to other cryptocurrencies.
Decentralization Binance coin is centralized.
Exchange availability The coin is not available on the major trusted exchanges.
Privacy Transactions with this coin are pseudonymous.

remove_red_eye Market Review by Coinpaper

4.8

Foresight

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Binance is already huge and strives to gain momentum. A highly possible outcome is that Binance remains the leader of the exchanges and thus gets a lot of attention from future traders. Binance already gained the communities trust by creating the #safu funds that would be used if money was stolen from the exchange.

5.0

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Binance is developing multiple use cases for blockchain. The upcoming decentralized exchange (DEX) is in the works.

5.0

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Binance has already built a peak as the leader of the cryptocurrency exchanges. The Binance coin could become an even more used coin as more projects are built that support it.

4.7

Business

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Binance Coin (BNB) is the only coin that can be used to reduce fees on the Binance Exchange, but it’s not the coin that’s used on all exchanges. Other exchanges use their own coins.

4.6

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Binance has become a huge force in the Crypto sphere. Not only with their exchange but with the Binance Academy as a centre of knowledge and the Binance Labs that are researching future development possibilities about the Blockchain technology.
2018 - Binance acquired Trust Wallet, a wallet app to store cryptocurrencies
2018 - Binance partnered with CertiK, a blockchain & smart contract verification platform to enhance the security of listed tokens on Binance
2018 – Binance invested in the airline payment firm travelbybit.com where users can now spend their BNB
Late 2018 – Binance partnered with MoedaSeeds.com, to enable investors to contribute BNB to their loan programs.
Early 2019 – Binance partnered with IdentityMindGlobal.com to improve data protection through KYC (Know your customer) & AML (Anti-Money Laundering).

4.6

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The Binance CEO is tweeting regularly and this helps the positive sentiment towards Binance. Binance started competitions to include and reward active community members for their efforts.

4.6

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Key person is Changpeng Zhao, who founded Binance in 2017 and is responsible for its success. [1]

4.8

compare_arrows Exchanges

Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance BNB/USDT $ 20.11236 $ 24,753,912 check
# 2 Binance BNB/BTC $ 20.09618 $ 15,139,338 check
# 3 Binance BNB/ETH $ 20.10012 $ 844,822 check
# 4 Binance BNB/XRP $ 20.14240 $ 364,247 check
# 5 Binance BNB/VET $ 20.04505 $ 344,164 check
# 6 Binance BNB/XMR $ 20.08961 $ 284,750 check
# 7 Binance BNB/WAN $ 20.10031 $ 183,153 check
# 8 Binance BNB/USDC $ 20.11774 $ 169,893 check
# 9 Binance BNB/EOS $ 20.03445 $ 139,813 check
# 10 Binance BNB/KAVA $ 20.15317 $ 136,067 check

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