What is BNB

Learned by 4.3k usersPublished on 2024.03.29Last updated on 2025.04.02

Binance Coin

BNB

621.14
+2.23%

Last Price621.14
Turnover (24h)50.38M
All-Time High788.84
Total Supply145.88M
Fully Diluted Market Cap90.61B

Ranking5
Market Cap90.61B
All-Time Low0.03
Circulating Supply145.88M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. Project Introduction
Binance Coin (BNB) is the native token of Binance Smart Chain (BEP-20) and Binance Chain (BEP-2). Initially launched on the Ethereum blockchain in 2017, BNB is now used for all operations within the Binance ecosystem. Binance Coin was introduced through an Initial Coin Offering (ICO) in 2017, where half of its strictly capped 200 million tokens were sold to the public, with the remaining portion allocated to angel investors and founding members.
Summary: Binance, launched in July 2017, is the world’s largest cryptocurrency exchange by daily trading volume. Binance aims to position cryptocurrency exchanges at the forefront of global financial activity. The name "Binance" represents a new paradigm of global finance—Binary Finance.
2. Team & Investment Info
Changpeng Zhao (CZ), Founder – In 2001, CZ joined Bloomberg as the Head of Tradebook Futures Development. He worked at the company for four years before joining Fusion Systems as a partner. Since 2013, CZ has been actively involved in blockchain technology and cryptocurrency, serving as Head of Development at Blockchain and founding BijieTech in 2015. In 2017, he officially launched Binance and has been its CEO ever since.
He Yi, Co-founder – Yi started her career in 2012 as a TV presenter and host at China Travel Television. Later, in 2014, she co-founded OKCoin, which was China’s largest fiat-to-crypto exchange at the time. In 2017, she partnered with CZ to launch Binance.
Funding: Binance raised $15M through an ICO in July 2017.
3. Social Media URLs
X: https://x.com/BNBCHAIN
Telegram: https://t.me/BNBchaincommunity
Discord: https://discord.com/invite/bnbchain
4. Token Info
Token Symbol: BNB
Total Supply: 145,887,576
Token Type: ERC
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xb8c77482e45f1f44de1745f52c74426c631bdd52
Token Distribution:
Team: 50%
Public Sale: 40%
Investors: 10%
5. Related Links
Official Website: https://www.bnbchain.org/en
White Paper: https://github.com/bnb-chain/whitepaper
Other Info: https://www.binance.com/

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