Binance Backs Down And Will Burn Terra Luna Classic (LUNC)
In the TOP of the 10 cryptocurrencies of market capitalization we can find the native token of the Binance exchange, known as Binance Coin or BNB. This has demonstrated its potential for scalability over the course of 2021, since at the beginning of the year it had a price of $41 per token and managed to reach an all-time high of $711.
When we talk about altcoins like the Binance token, called BNB, it is important to differentiate the cryptocurrency from the project. Therefore, the first thing you must understand is that it is one thing to talk about BNB, referring to the alternative cryptocurrency in question, and another is to refer to the project that is hidden behind it, called Binance.
Last Price Of Binance Coin (BNB) today, 06 of February at 2023:
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Real-time Converter Price BNB – USD (US Dollar):
Binance: The Project
Binance is a cryptocurrency exchange that was developed in China in the year 2017, exactly in the month of July. But just that year he had to migrate his offices to Japan, since they had prohibited trading with cryptocurrencies in his region.
This is how the development of Binance began, and by 2018 it was the largest exchange in volume and operations per day. This allowed Binance CEO Changpeng Zhao to create offices in Taiwan, as well as strengthen relationships with other projects in Europe and Asia.
Binance Smart Chain: The Blockchain
Binance Smart Chain or BSC is a blockchain that works in parallel with Binance Chain, the latter’s main objective is to increase the speed of transactions and trading operations.
The Binance Smart Chain (BSC) is designed for the creation of dApps; In addition, it has compatibility with the Binance Chain, so that developers can obtain the benefits of both blockchains.
Binance Coin (BNB): The Altcoin (Token)
Binance Coin or BNB for short, is the native token of the exchange. This cryptocurrency is directly supported by this exchange house in question. However, these are automatically burned or destroyed when making transactions within the platform, which has allowed their value to increase over time.
– Number of outstanding shares: 153,432,897 BNB
– Maximum number of shares: 170.532.785
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