Project Name: Binance Coin
Token Name: BNB
Introduction to the Project
Binance Coin (BNB) is a cryptocurrency released in 2017 by the Binance Exchange. It was first produced on the ERC-20 base. Later, when Binance switched to its blockchain base, BEP-2, BNB production continues on this base. By burning the tokens produced according to the ERC-2, the transition to the BEP-2 base is realized.
BNB is a non-mining cryptocurrency. Binance produces all offered tokens. Half of the total produced BNB is the circulating supply.
BNBs are used in many areas such as covering travel expenses, buying virtual gifts, paying for products, paying commissions, and trading.
Every year, the Binance Exchange buys BNB to prevent inflation for the token it produces then burns them. Burning these BNBs prevents inflation.
Total Supply: 165,116,761
Circulation Supply: 165,116,761
Official Website: https://www.binance.com/tr
BNB Burn: https://www.bnbburn.info/