BNB

Binance Coin

Utility Token
Price Low: High:
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#Building chart...
Binance Coin is the digital token of the Binance exchange. It is an exchanging token only for cryptographic forms of money. The name "Binance" is a blend of binary and finance. It's a utility token with the usage on the Binance exchange only (reduced fees on exchange with usage of BNB).
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Max Supply N/A
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External Review
i.e CIO at Kraken
Sentiment
Comments

5 of 10 user opinions

TJ
Managing Partner at Multicoin Capital Source
BNB’s value is driven by more than the cash being returned to investors by Binance. BNB has tremendous utility and is used as:

- Staking token – Users who hold a significant amount of BNB get discounted fees on the exchange according to a set schedule
- Discount token – users who pay their exchange fees with BNB get a discount
- Payment token – trading fees on the Binance Chain can be paid with BNB
LB
Head of Project Zero at TokenSoft Source
Tokenizing most co. equity will look like PDF'ing a newspaper to put it online in the long term. Tokenizing rights to future income cash-flow is the only real use case. BNB is a half-step in the correct direction. Full step requires on-chain cash-flow plus smart contracts.
JY
Financial Analyst and Journalist Source
There are many crypto exchanges, fiat on-ramps and OTC platforms.

What crypto severely lacks is merchant adoption. Glad (and somewhat relieved) to see projects increasing merchant adoption of crypto.

Users can book 450,000 hotels with BNB.
KP
Product Manager at Twitch Source
Since it’s hitched to one of the top cryptocurrency exchange in the world, BNB is one of the strongest cryptocurrencies out there. However, there are also many risks with holding the coin. The most significant of which is the fact that Binance has many regulatory agencies eyeing the exchange. BNB is inherently tied to the success of Binance as a business, and the business will could be shut down entirely if there is a regulatory crackdown. The solution to this is to either comply with tough regulations which isn’t easy, or to build a decentralized exchange.
MO
Co-founder of CoinPrices Source
BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately. BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.
EW
Cryptocurrency Lead at Cinnober Source
Binance is the world's fastest profitable unicorn. But can anyone riddle me how their $15MM ICO wasn't an illegal securities offering? Some facts about BNB coin:

- ERC20 token
- Offered to the public
- Founders kept 40%
- Clearly sold as an investment
- ICO before a live product
KS
Managing Partner at Multicoin Capital Source
Quick rant on "discount tokens", eg BNB
TLDR: Discount tokens are *definitely* securities
NC
Partner at Castle Island Ventures and Co-creator of Coinmetrics Source
BNB could be a great instrument if:
- they paid pro rata dividends to holders in perpetuity, not this insipid burn
- they actually released real 10ks/ quarterly earning reports
- they stopped pretending that there was a utility component for valuation
JG
Founder and CEO of Bloq Source
Continuing to be impressed by Binance. Silicon Valley talks about building a "moat". Binance's $BNB is just that; it's integrated in 100 little ways into their website, from fee rebates to voting to small altcoin balance exch; very sticky.
AB
Founder of Shomei Capital Source
Binance Coin (BNB) is the best example of a pure tokenized security: $15M ICO -> partial claim on cash flows, future fund returns, etc.

Most helpful opinions

AB

AB Arjun Balaji Founder of Shomei Capital
Binance Coin (BNB) is the best example of a pure tokenized security: $15M ICO -> partial claim on cash flows, future fund returns, etc.
JG

JG Jeff Garzik Founder and CEO of Bloq
Continuing to be impressed by Binance. Silicon Valley talks about building a "moat". Binance's $BNB is just that; it's integrated in 100 little ways into their website, from fee rebates to voting to small altcoin balance exch; very sticky.
NC

NC Nic Carter Partner at Castle Island Ventures and Co-creator of Coinmetrics
BNB could be a great instrument if: - they paid pro rata dividends to holders in perpetuity, not this insipid burn - they actually released real 10ks/ quarterly earning reports - they stopped pretending that there was a utility component for valuation
KS

KS Kyle Samani Managing Partner at Multicoin Capital
Quick rant on "discount tokens", eg BNB TLDR: Discount tokens are *definitely* securities
EW

EW Eric Wall Cryptocurrency Lead at Cinnober
Binance is the world's fastest profitable unicorn. But can anyone riddle me how their $15MM ICO wasn't an illegal securities offering? Some facts about BNB coin: - ERC20 token - Offered to the public - Founders kept 40% - Clearly sold as an investment - ICO before a live product
MO

MO Matt Odell Co-founder of CoinPrices
BNB is a centralized security token for an exchange that is actively breaking US laws. You also have to trust that binance is reporting their financials accurately. BNB could become worthless without warning due to gov action, exit scam, fraud, or theft.
KP

KP Kevin Pan Product Manager at Twitch
Since it’s hitched to one of the top cryptocurrency exchange in the world, BNB is one of the strongest cryptocurrencies out there. However, there are also many risks with holding the coin. The most significant of which is the fact that Binance has many regulatory agencies eyeing the exchange. BNB is inherently tied to the success of Binance as a business, and the business will could be shut down entirely if there is a regulatory crackdown. The solution to this is to either comply with tough regulations which isn’t easy, or to build a decentralized exchange.
JY

JY Joseph Young Financial Analyst and Journalist
There are many crypto exchanges, fiat on-ramps and OTC platforms. What crypto severely lacks is merchant adoption. Glad (and somewhat relieved) to see projects increasing merchant adoption of crypto. Users can book 450,000 hotels with BNB.
LB

LB Lawson Baker Head of Project Zero at TokenSoft
Tokenizing most co. equity will look like PDF'ing a newspaper to put it online in the long term. Tokenizing rights to future income cash-flow is the only real use case. BNB is a half-step in the correct direction. Full step requires on-chain cash-flow plus smart contracts.
TJ

TJ Tushar Jain Managing Partner at Multicoin Capital
BNB’s value is driven by more than the cash being returned to investors by Binance. BNB has tremendous utility and is used as: - Staking token – Users who hold a significant amount of BNB get discounted fees on the exchange according to a set schedule - Discount token – users who pay their exchange fees with BNB get a discount - Payment token – trading fees on the Binance Chain can be paid with BNB