Altcoins are looking solid here. Turns out the dump was just a fluke to shake retail out, yet we still remained within strong support.
On top of that, stochastic has made a golden cross, further supporting this area.
I am excited for my altcoin bags! $ZIG, $RUNE, $BNB etc.
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Arnold Bernault
binance and cz is so incredible that just with his support the stock price was able to pump 273% 3 weeks before the announcement! incredible!
bullish bnb and cz forever!
#Binance $bnb #ad #sponsored
CZ 🔶 BNB
Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. 👏
Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.
Not financial advice!
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0xFelix🔶
Every time a big market falls, BNB is always the strongest
@cz_binance cousin just tweeted
The BNB "micro-strategy" is here!
Estimated BNB National Reserve BNB ETF
It will also come out in the near future
You can always trust Binance
You can always trust #BNB
Believe in my cousin and first sister
CZ 🔶 BNB
Nano Labs Ltd (Nasdaq: NA) becomes a $BNB-only strategic reserve public co, bringing $500 million to BNB. 👏
Their stock price went through the roof. We (my affiliated entities) did not participate in this round, but remain extremely supportive.
Not financial advice!
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붱Bwong🦉
It's getting scary.
Cointelegraph
💥 BREAKING: Nasdaq-listed Nano Labs enters $500M convertible note agreement to start buying $BNB, plans to accumulate up to $1B worth, targeting 5–10% of total supply as part of new treasury strategy.
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CryptoPotato Official
🚨 Nano Labs announces $500M convertible notes private placement to support a bold $BNB treasury strategy.
🔸 Targeting up to $1B in $BNB
🔸 Aiming to hold 5–10% of BNB’s supply
🔸 Notes convertible at $20/share, no interest, 360-day term
Web3 meets strategic crypto accumulation. 👀
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BNB price performance in USD
The current price of BNB is $638.20. Over the last 24 hours, BNB has increased by +3.40%. It currently has a circulating supply of 145,887,576 BNB and a maximum supply of 200,000,000 BNB, giving it a fully diluted market cap of $93.05B. At present, BNB holds the 4 position in market cap rankings. The BNB/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
As the Ethereum network witnessed a substantial increase in user activity and the adoption of decentralized applications (DApps), the need for scalability became a prominent issue for the first Layer-1 smart contract blockchain. To tackle this challenge, various Layer-2 scaling solutions were introduced to mitigate scalability concerns.
Among these scaling solutions, the Build 'N Build (BNB) Chain has emerged as a competitive player by offering asset-bridging capabilities across different chains. This has provided the BNB Chain with a distinct advantage over established platforms like Ethereum, enabling it to address the scalability limitations and cater to the growing demands of the DApp ecosystem.
What Is the BNB Chain?
The BNB Chain, established in February 2022, is a comprehensive modular system that combines the advancements of the Binance Chain (BC) and the Binance Smart Chain (BSC). The introduction of the BNB Smart Chain (BSC) was a response to certain limitations observed in the BC to complement its functionality.
While the BC was primarily designed to cater to decentralized exchanges (DEX) and focused on achieving high transaction throughput and delivering an enhanced user experience, it lacked smart contract functionality. Instead of incorporating additional functionality into the BC, which could have impacted network efficiency, the Binance community developed the BSC as a separate entity to address these concerns and provide the desired smart contract functionality.
After the merger of both chains, the BC assumed the role of a dedicated layer for governance, encompassing voting and staking functionalities. On the other hand, the BSC was specifically designed to execute Ethereum Virtual Machine (EVM) consensus and support Ethereum-compatible applications, including MetaMask. This strategic implementation allows for seamless integration with smart contracts on the BSC
The BNB Team
The BNB team is led by Changpeng Zhao "CZ," the founder of Binance, who introduced the BNB token and established the BNB Chain in 2017. Another key member of the team is He Yi, the co-founder and chief marketing officer. Before joining Binance, Yi served as Vice President at Yixia Technology, a leading mobile video tech company.
BNB: The utility token of the BNB Chain
BNB, the native utility token of the BNB Chain, plays a pivotal role within the BSC ecosystem. As the governance token, BNB enables holders to actively participate in shaping the development and future of the ecosystem. Additionally, BNB is essential for developers seeking to participate in token sales conducted on the Binance Launchpad.
BNB tokenomics
The BNB token operates under specific tokenomics. It has a maximum capped supply of 200,000,000 tokens, and a deflationary burning mechanism is in place to gradually reduce the supply to 100,000,000 coins. Currently, the total supply of BNB is 157,900,174, with 157,886,280 tokens currently in circulation.
BNB use cases
In recent years, the use cases of BNB have expanded significantly, offering a range of functionalities. These include participating in governance proposals through voting, staking to contribute to the network's security, utilizing BNB as collateral for loans on decentralized finance (DeFi) platforms, and covering transaction fees within the Binance ecosystem. Furthermore, BNB is accepted as a form of payment for credit card transactions at select merchants who support it.
BNB distribution
BNB was introduced in July 2017, initially distributing 200,000,000 coins according to the following allocation:
Fifty percent of the supply was issued through an initial coin offering (ICO) held in 2017.
Forty percent of the supply was reserved for the foundation team.
Ten percent of the supply was distributed to angel investors.
Expanding the utility of the BNB Chain
The BNB community is dedicated to enhancing the BNB Chain by integrating side chains and implementing zk-rollups. These advancements aim to provide customized blockchain solutions and improve scalability, enabling efficient and high-performance operations. With these developments, there is optimism for a resurgence in interest and value for BNB, potentially approaching or surpassing its previous peak of $690.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 30K new posts about BNB, driven by 12K contributors, and total online engagement reached 8.7M social interactions. The sentiment score for BNB currently stands at 86%. Compared to all cryptocurrencies, post volume for BNB currently ranks at 545. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of BNB.
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Posts
30,108
Contributors
11,995
Interactions
8,667,518
Sentiment
86%
Volume rank
#545
X
Posts
25,513
Interactions
6,872,919
Sentiment
88%
BNB FAQ
How much is 1 BNB worth today?
Currently, one BNB is worth $638.20. For answers and insight into BNB's price action, you're in the right place. Explore the latest BNB charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as BNB, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as BNB have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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