Spread emerging technologies and preach blockchain; Analyze digital currency and become a major player in the currency industry. Today, I would like to share with you the functions, value, and significance of the eighth largest mainstream digital currency in terms of market value, BNBWhat is Coin An Coin (BNB)BinanceCoin is a token issued by the Coin An Exchange, abbreviated as BNB, founded by Zhao Changpeng
Spread emerging technologies and preach blockchain; Analyze digital currency and become a major player in the currency industry. Today, I would like to share with you the functions, value, and significance of the eighth largest mainstream digital currency in terms of market value, BNB
What is Coin An Coin (BNB)
BinanceCoin is a token issued by the Coin An Exchange, abbreviated as BNB, founded by Zhao Changpeng. It is a decentralized blockchain digital asset based on Ethereum. The total issuance amount remains constant at 200 million, and BNBs are destroyed quarterly based on the trading volume of the Coin Security platform. The destruction records will be published as soon as possible, and users can query through the blockchain browser to ensure transparency and transparency until a total of 100 million BNB coins are destroyed.
Development History
On April 19, 2019, Binance Chain Coin Security Chain was launched and its main network was switched. The Binance official website announced that the Binance Chain main network had been launched, and plans were made to switch to the ERC20BNB token's main network on April 23.
2019-02-20 BinanceChain Testing Online
Announced the official launch of BinanceChain development on March 13, 2018
End of ICO on July 21, 2017
On July 15, 2017, the Binance. comv0.1 version of the Coin Security trading platform was launched, and BNC coins began trading.
On June 24, 2017, ICO was officially launched and released on its official website and multiple ICO platforms
On June 22, 2017, announced the Coin Security ICO plan and released a white paper to ordinary investors
Complete the first draft of the white paper on June 16, 2017 and present it to angel investors.
2017-06-14 Confirm the launch of Binance project
Value and significance
The world's first platform currency was launched by an exchange, and it is the only platform currency among the top 10 in terms of market value. The initial application scenarios for the launch of BNB were transaction fee deduction and currency fee mortgage. BNB, as the fuel for fundraising, deeply binds BNB's rights and interests in Coin Security to strengthen BNB's influence in the Coin Security ecosystem and even the entire blockchain world. In just two years, Coin An has leapt to become the world's largest exchange, and its development speed is very fast; At the same time, BNB has also played an increasingly important role in the development of Coin An, with increasing application scenarios and demands. Through Coin An Coin, the ecosystem of Coin An Exchange has covered the entire industry. BNB is no longer limited to platform currency, but spans the application level. When various exchanges followed the example of Coin An and issued their own platform coins, and launched a special IEO, Coin An had already announced its main online line, which means that Coin An is a public chain. The value of BNB is no longer estimated from a single perspective of platform coins, but should be used as a benchmark against public chains such as ETH and EOS. At the same time, BinanceDEX, the decentralized exchange of Coin An, will also operate on its own chain.
Tips:
The top ten mainstream digital currencies in this column are mainly ranked according to the market value of currency circulation of the well-known market platform "Non trumpet". The first to the tenth are BTC, ETH, XRP, USDT, BCH, BSV, LTC, BNB Ninth: EOS (Pomelo), Tenth: XTZ (Tezos), we hope that coin enthusiasts can learn and understand more about the blockchain industry, deeply cultivate blockchain, and become value investors in the industry instead of blind speculators.
(Wen/Bi Ying)
Reference: Non small, Baidu Baike.
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