Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Binance has its own cryptocurrency, called the Binance Coin (BNB). BNB was created to fund the development of the Binance exchange.
It can be used to pay fees on the Binance exchange, and can also be used to purchase other cryptocurrencies on the platform.
The Binance Coin is an ERC20 token built on the Ethereum blockchain. It has a total supply of 200 million tokens, with 100 million of those being released during the ICO.
NOTE: WARNING: Binance does not have an official token. Any purported token related to Binance is likely to be a scam. If you are offered a token allegedly associated with Binance, please be aware that it is likely a fraudulent offer and should not be accepted. Always verify the authenticity of any offer before proceeding.
The remaining 100 million will be released over time to fund future development of the Binance exchange.
The Binance ICO took place in July 2017 and raised 15 million dollars. The ICO price was 1 ETH = 2000 BNB.
The token has since increased in value and as of January 2018, 1 BNB is worth around $10.
Does Binance Have a Token?
Yes, Binance has its own cryptocurrency called the Binance Coin (BNB). BNB was created to fund the development of the Binance exchange and can be used to pay fees on the exchange or to purchase other cryptocurrencies.
7 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges, does have leveraged tokens. These tokens allow users to trade with leverage, which can magnify both profits and losses. Leveraged tokens are risky and are not suitable for all investors.
Binance, one of the world’s largest cryptocurrency exchanges, does have a wallet address. This is because Binance is built on the Ethereum network, which uses addresses to send and receive ETH and other ERC20 tokens. The Binance wallet address can be found in the “Deposit” section of the Binance website.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance does not have its own wallet service.
Binance, one of the world’s largest cryptocurrency exchanges, does not currently offer a wallet service. This may come as a surprise to some, as most major exchanges do offer a wallet service. However, there are a few reasons why Binance has chosen not to offer a wallet service.
Binance is a cryptocurrency exchange that was founded in 2017. It is one of the most popular exchanges in the world and is frequently used by traders to buy and sell cryptocurrencies. Binance does not have a cash wallet, but it does have a number of other features that make it an attractive option for traders.
Binance, one of the world’s largest cryptocurrency exchanges, does not have an online wallet for storing cryptocurrencies. This may come as a surprise to some, since Binance is one of the most popular exchanges. However, there are a few reasons why Binance does not have an online wallet.
Binance, the world’s largest cryptocurrency exchange by trading volume, has recently announced the launch of a new product called “Binance Swap”. The product is a decentralized exchange (DEX) that will allow users to trade digital assets without having to trust a central party. This is a big move for Binance, as it further cements their position as a leading player in the cryptocurrency space.
