Key metricsKey metrics
PricePrice$37.05
Asset TypeAsset TypeSecurity Token
StructureStructureFor Profit
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorExchange
IndustryIndustryFinance
RevenueRevenue500M
FoundedFounded1-Jul-2017
Funds raisedFunds raised15M
CountryCountryChina
Key personKey personChangpeng Zhao (CZ)

Binance Coin (BNB) Information{coin_name} ({symbol}) Information

BNB, or Binance Coin, is a cryptocurrency created by Binance.

Binance Coin is the digital currency of the Binance exchange. Binance is one of the largest exchanges by volume.
Utility of the coin/token
The tokens can be used on the exchange to trade at a discounted fee rate. Monaco has included support for Binance tokens to its platform which includes the Monaco Visa Card and mobile app. Uplive platform supports BNB to buy virtual gifts.
Rights of the coin/token holder

Team OverviewTeam Overview

Changpeng Zhao
Founder, CEO

CZ is the founder and CEO of BijieTech, a company that provides cloud-based exchange systems to exchange operators. Since founding in Sept 2015, BijieTech now powers 30+ exchanges in Asia. In the first 12 months since founding, BijieTech closed 36.1 million RMB ($5.3MM USD) in revenue, and will double that in its second year. BijieTech has never accepted any outside investments, being cash flow positive from day one. Prior to BijieTech, CZ was the co-founder and CTO of OKCoin. During his stay there, OKCoin launched their international site, and their futures trading platform. Co-ordinating with Stefan Thomas, CZ also lead the first proof-of-reserves in any China crypto exchange. Most other major exchanges in China followed soon after. In addition to managing the tech team there, he also lead the international marketing team. He is still mentor to and good friends with Zane Tackett. Before OKCoin, CZ was the Head of Technology and the 3rd person to join the Blockchain.info team. He worked closely with Ben Reeves, Roger Ver, Anthony Antonopoulos and Nicolas Cary to grow the Blockchain.info service. Before Blockchain.info, CZ co-founded Fusion Systems Ltd in 2005, a company that specializes in ultra-low-latency trading systems for brokers. Fusion Systems was started in Shanghai, and currently has offices in Tokyo, Hong Kong, and Los Angeles. Among other tasks, CZ was responsible closing and deploying trading systems at Credit Suisse, Goldman Sachs, Deutsche Bank, and more. CZ left Fusion System to work full time in the blockchain industry in 2013.

Roger Wang
CTO

Roger is a co-founder and the CTO. He has been working in the financial industry for 10+ years, responsible for building up technical teams, designing the high level architecture of the exchange and clearing systems, and running ops teams to ensure the security and stability of exchange systems. Prior to BijieTech, Roger worked at Nomura Securities, the largest investment bank in Japan. He was responsible for a global credit booking, analytics, and marking system, which supported thousands of global traders and analysts. He has also successfully implemented a smart bond matching engine, which consumes firm wide trading/order/position data, client enquiry info, 3rd party data as well as public bond data, to discover business opportunities for the firm using sophisticated custom built algorithms. It now generates over 100MM USD revenue annually for Nomura. Before Nomura, he was a tech leader in Morgan Stanley, where he designed and built a financial TB level data warehouse, which supported a large number of users to do real time data analysis and financial modeling. He was also a core developer for low latency algorithmic trading systems, which served the firm’s largest clients like Blackstone and Wellington Fund, that delivered significant commission income for Morgan Stanley. Roger is fully trilingual in English, Chinese and Japanese.

James Hofbauer
Chief Architect

James is a co-founder and the Chief Architect of BijieTech. He architects and implements the core matching engine and its middleware. He also oversees client exchanges' public endpoints to ensure security and high performance. Before BijieTech, James worked at Palantir, a Silicon Valley company that focuses on big data analysis. Palantir's large-scale high-performance systems are used for cyber-security, anti-money laundering, fraud detection, counter-terrorism, and many other data relationship analysis purposes by both private and government entities. Before Palantir, James worked at Fusion Systems. A notable project James worked on was a global investment bank's systems architecture redesign, focusing on reducing the number of systems, encrypting and securely handling sensitive data, and introduced a new user security system which provides authentication, authorization, and action audit logging. James was raised and educated in America, earning a Bachelor’s of Science, Cum Laude, in Computer Science. He is bilingual, native in English and fluent in Japanese (JLPT N2 certified), and has lived in Japan for over 10 years. James has known CZ for 7 years and they have worked in two startups together.

Paul Jankunas
VP of Engineering

Paul is the VP of Engineering at BijieTech, responsible for the C++ implementation of the core machine engine. He has over 15 years of experience in developing exchange systems and financial trading applications. He is constantly looking for new ways to improve the performance and scalability of the system. Prior to BijieTech, Paul worked at SBI BITS, part of SBI Group, in Tokyo. SBI Group is a listed financial services company with interests in a wide assortment of businesses. Paul was responsible for both client and server side development for trading applications. Before that, Paul worked at Fusions Systems in Tokyo as the Head of Development on Raptor, a market gateway with latencies under 2 microseconds, and before that for Bloomberg in New York. Paul has known CZ for 9 years and they have worked together in 3 companies.

Allan Yan
Product Director

Allan is a co-founder and the Product Director of BijieTech. Allan has over 10 years of experience in product design, user experience and trading. He drives the innovations in the exchange systems built by BijieTech, and pushes the product far ahead of the the competition in this ultra competitive space. Before BijieTech, Allan worked in Orient International Holding, which is one of the biggest import & export firms in Shanghai. He was responsible for the implementation of several informationization products, including ERP and e-Fax. Meanwhile, he led a variety of game and VOD content platforms.

Sunny Li
Operations Director

Sunny is a co-founder and the Operations Director of BijieTech. He has many years of management and technology consulting experience, has led 20+ exchange systems projects, and provided comprehensive consulting for strategy, operations, risk control and system development. Prior to BijieTech, Sunny worked at Accenture as the senior consultant. He provided many Top 500 companies for strategic and IT consulting, and led a number of IOT, big data, ERP information integration systems projects.

Yi He
Advisor
Matthew Roszak
Advisor
Roger Ver
Advisor
Ron Cao
Advisor
Chandler Guo
Advisor
Yang Linke
Advisor
Zhao Dong
Advisor
Da Hongfei
Advisor
Jun Du
Advisor
Vincent Zhou
Advisor
Lu Bin
Advisor
Leah Zhang
Advisor
Liu Sutong
Advisor
Eric Zhang
Advisor
Wang Qijun
Advisor
Roy Zou
Advisor
Jackie Wang
Advisor
Li Da
Advisor
Xiaoning Nan
Advisor
Jeff Cui
Advisor
Guicheng Xiong
Advisor
Xin Chen
Advisor
William Liu
Advisor

OrganizationsOrganizations

Binance Europe Services Limited

Company NumberCompany Number C 85624
Level G (Office 1/1235), Quantum House 75 Abate Rigord Street, Ta'Xbiex
Malta

Binance Marketing Services Limited
Binance Marketing Services Limited

Company NumberCompany Number C 85602
Level G, (Office 1/1235), Quantum House, 75, Abate Rigord Street, Ta'Xbiex
Malta

Questions and AnswersQuestions and Answers

Where did it Start
Binance Coin was launched in an Initial Coin Offering (or ICO) from June 26th to July 3rd, 2017, 11 days before Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB, or 1 BTC for 20,000 BNB.
Why use BNB?
It has several use cases: you can use it to pay for trading fees on Binance; it can be used in token sales hosted on Binance Launchpad; more and more vendors are accepting it as a payment method; and soon, it will be used to power Binance’s upcoming Decentralized Exchange;
What is BNB supply?
A grand total of 200MM BNB will be created, never to be increased.
What is BNB repurchasing plan?
Every quarter, we will use 20% of our profits to buy back BNB and destroy them, until we buy 50% of all the BNB 100MM back. All buy-back transactions will be announced on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining.
How is BNB distributed?
50% 100,000,000 ICO ; 40% 80,000,000 Founding Team; 10% 20,000,000 Angel investors.
Who is CZ?
Changpeng Zhao, CZ is the founder and CEO of BijieTech, a company that provides cloud-based exchange systems to exchange operators. Since founding in september 2015, BijieTech now powers 30+ exchanges in Asia. In the first 12 months since founding, BijieTech closed 5.3 millions USD in revenue.
Is BNB an ERC20 token?
Yes, BNB is an ERC20 based token issued on the Ethereum blockchain.
Does BNB will have their own blockchain?
Yes, it will be named Binance chain.
Why BNB need a blockchain?
BNB will have a blockchain to run their own Decentralized Exchange.
Where can I spend my BNB tokens?
More than 150 shops in Brisbane including the whole Brisbane Airport has the ability to pay for goods and services using cryptocurrencies thanks to australian startup TravelbyBit!
Can I use BNB for a loan?
Yes! Using Nexo you can now secure a loan with your BNB as collateral.

TechnicalTechnical

Key metricsKey metrics
PrivacyPrivacyPseudonymous
AlgorithmAlgorithmEthash
ProofProofProof of work
Token InformationToken Information
Binance Coin is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0xB8c77482e45F1F44dE1745F52C74426C631bDD52.

EconomicsEconomics

Tradeable CoinsTradeable Coins
141,175,490 (100% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x030e37ddd7df1b43db172b23916d523f1599c6cb 4,500,000
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 4,488,655.29198 Binance 1
0x001866ae5b3de6caa5a51543fd9fb64f524f5478 588,959.4991
0xa42ce1da7b70a180cbff306361161aa8c1e02070 575,616.86539
0x5e660c9cefb1a9651971cdafc13fef604a40aa92 403,999.7
0xce67898df439190e9c487eabe35320318fdd7746 257,474.48024
0x54f3e53bea04a3989114b8885ac16cc0fadcf2ec 224,622.99
0x14c2b8db3f92bdf38e106ab96a517c82919d6f02 215,156.03
0x9f9127b0efac7dd0434c6dfb8757db43d331c8d5 211,336.9
0x299bdb1fadbad944d7ebb863568e699265907880 203,975.55
0x7a0333335ce34afe3e7182c025cd969853835117 200,000.74
0xf4e11b89519eccd988a56749f1c64ad9bfe0298f 184,162
0x2925205b3c86bea4892ec91dc8d5a44de02f614c 163,406.38
0x9ca51a11a6fb5866cb69dc511b2726c940a173ee 127,926.193
0x564286362092d8e7936f0549571a803b203aaced 113,749.71697 Binance 3
0xf2549fba1da6e17a1e82478a0b0a945adb7416c7 102,892.05594
0x8b99f3660622e21f2910ecca7fbe51d654a1517d 100,286.94748 Binance Charity
0x7e065d65129be9dddb0644be3cd6d5441f5ec081 100,003
0xde096f108c7627bd6422a4b3dd4a87f6eb786e31 99,500
0xfd779cc1502d60ec88e8a49a78cc5962dc419ba3 99,499.56

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance BNB/USDT $36.98 -0.17% $103,085,770 0.01% 0.01%
Binance BNB/BTC $37.12 0.19% $92,954,827 0.05% 0.14%
Binance BNB/ETH $37.11 0.16% $5,027,176 0.13% 0.26%
Binance LTC/BNB $37.05 0% $3,244,660 0.27% 0.54%
Binance XRP/BNB $37.05 0% $3,066,512 0.08% 0.08%
Gate.io BNB/USDT $37.03 -0.05% $2,794,292 0.12% 0.12%
Binance TRX/BNB $37.12 0.19% $2,024,738 0.29% 0.38%
Binance ADA/BNB $37.05 0% $1,901,629 0.38% 0.76%
Binance EOS/BNB $37.05 0% $1,472,454 0.15% 0.41%
Binance BNB/USDC $36.97 -0.21% $1,453,365 0.31% 0.41%
Binance NEO/BNB $37.05 0% $1,038,327 0.42% 0.83%
Binance BNB/TUSD $36.81 -0.63% $914,701 0.23% 0.28%
Binance XMR/BNB $37.05 0% $706,705 0.22% 0.51%
Binance FET/BNB $37.20 0.42% $699,160 0.62% 0.83%
Binance RVN/BNB $37.17 0.34% $693,562 0.44% 0.61%
Binance BTT/BNB $37.06 0.04% $689,465 0.3% 0.53%
Binance BNB/PAX $36.94 -0.27% $665,961 0.32% 0.35%
Binance VET/BNB $37.14 0.25% $501,226 0.15% 0.87%
Binance ATOM/BNB $37.05 0% $440,598 0.49% 0.71%
Binance CELR/BNB $37.30 0.68% $420,700 0.22% 1.3%
Binance AE/BNB $37.05 0% $405,584 0.44% 1.8%
Binance ETC/BNB $37.09 0.12% $402,708 0.32% 0.84%
Binance MIOTA/BNB $37.05 0% $376,475 0.32% 0.4%
Binance XLM/BNB $37.05 0% $367,375 0.58% 0.87%
Binance ZIL/BNB $37.05 0% $276,575 0.37% 0.91%
Binance HOT/BNB $37.04 -0.02% $266,821 0.63% 1.7%
Binance IOST/BNB $37.05 0% $230,385 0.84% 1%
Binance NULS/BNB $37.05 0% $228,432 1.2% 2.8%
Binance MFT/BNB $37.05 0% $212,672 1.2% 2.5%
Binance ONT/BNB $37.05 0% $192,077 0.19% 0.24%
Binance ICX/BNB $37.05 0% $188,003 0.54% 0.96%
Binance NANO/BNB $37.05 0% $176,491 0.74% 0.99%
Binance BAT/BNB $37.05 0% $157,749 0.34% 0.8%
Binance AGI/BNB $37.05 0% $138,862 1.7% 3.4%
Binance NAS/BNB $37.37 0.86% $135,148 0.34% 0.34%
Binance ZEC/BNB $37.05 0% $134,494 0.44% 0.55%
Binance NEBL/BNB $37.05 0% $126,125 1.1% 6.4%
Binance ENJ/BNB $37.05 0% $125,234 0.68% 0.81%
Binance THETA/BNB $37.05 0% $118,790 0.28% 1.1%
Binance DASH/BNB $37.05 0% $118,501 0.42% 0.61%
Binance DCR/BNB $37.05 0% $113,730 0.11% 4.1%
Binance NCASH/BNB $37.05 0% $108,570 2.1% 3.6%
Binance MITH/BNB $37.05 0% $105,161 1.6% 1.6%
Binance SC/BNB $37.05 0.01% $96,091 1.1% 2.2%
Binance POA/BNB $37.05 0% $86,021 0.94% 1.9%
Binance OMG/BNB $36.99 -0.14% $79,945 0.79% 0.94%
Binance WAVES/BNB $37.05 0% $77,791 0.47% 0.93%
Binance WTC/BNB $37.05 0% $75,044 1.2% 3.2%
Binance QTUM/BNB $37.05 0% $68,196 0.68% 0.77%
Binance SKY/BNB $37.05 0% $66,985 2% 2%

Latest Binance Coin NewsLatest Binance Coin News

Binance to Launch Bitcoin-Pegged Token on Its Own Blockchain

Binance will issue a number of tokens pegged to leading cryptocurrencies on Binance Chain to boost the number of trading options on its platform. The tokens are also likely to be extended to Binance DEX, the firm’s recently launched decentralized exchange, as they create the potential to in effect move cryptos from...

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Insights On The Binance Exchange U.S. Closure

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Crypto Exchange Binance.com to Block US Customers from Trading

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The Stolen Binance BTC Is On the Move Again

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Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

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Security Researcher Tears Up a Binance Scam Site to Find the Hackers

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This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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