What Is BNB?

BNB was launched through an Initial Coin Offering (or ICO) that took place from May 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, BNB does not provide users with a claim on Binance profits and does not represent an investment in Binance.

BNB was originally issued as an ERC-20 token, running on the Ethereum network, with a total supply of 200 million coins. 100 million BNBs were offered in the ICO, but the current total supply is lower due to periodic burning events, in which Binance destroys BNB held in its treasury. If you want to know more about coin burns, and why BNBs are being permanently destroyed, check out What Is a Coin Burn?. Although initially based on the Ethereum network, the ERC-20 BNB tokens were later swapped with BEP-2 BNB on a 1:1 ratio. The BEP-2 BNB is the native coin of the Binance Chain, and the mainnet launch was announced on April 18th, 2019.

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Trade, Swap, or Convert: 3 Ways to Buy Crypto for Binance Launchpool

Binance Launchpool gives you the opportunity to participate in token launches for the upcoming Binance listings. The way it works is that you pick a Launchpool offering you want to join, select the pool based on your preference and APY, and stake one of the supported assets (or all of them if you wish).

Token Symbol - FLARE
Token Decimal - 18
Token Supply - 100.000.000
Network - Smart Chain
Contract Address - 0xf98E808e9bEe115971C7d3cD07d6353c6E331591

Binance Chain: Blockchain for Exchanging the World

Binance Chain is a blockchain project initiated by Binance and has since involved a whole community of Binancians. Together, we want to ensure the creation of a blockchain that will serve as an alternative marketplace for issuing, using, and exchanging digital assets in a decentralized manner. Deploy dApps Check nodes View resources View rewards Use global apps Vote on XDAO


Is Binance Earn the right product for you?

Are you interested in trading that you are searching for ways to increase your holdings in crypto? Could the 0.05% APY that your local bank is offering on your savings account not that exciting? Well, you will find something highly appealing in the product suite of Binance Earn. As your account in crypto savings, Binance Earn will allow you to find an incredible variety of options that can help you earn passive income with your holdings in crypto. Introduction According to a well-known investor, Warren Buffet, if people don't find a way to earn money as they sleep, they will end up working until they die. A great way to increase your savings while you sleep is Binance Earn. That is because you know that your funds do all of the work for you. It comes with various options, with each having its assumptions regarding your time horizon, desired returns, and risk profile. In case you only want to lend your funds for interest, have them safely deposited to Binance's DeFi service, or stake your coins in PoS or Proof of Stake, Binance has you covered. Check out what Binance Earn can offer to anyone: