BNB - Frequently Asked Questions

Question 1

What is BNB?

Sharpe Labs · Accepted Answer

Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name "Binance" is a combination of binary and finance. Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. The cryptocurrency currently has a daily trading volume of 1.5 billion - 2 billion US dollars and is still increasing. In total, there will only be 200 million BNBs. Binance uses the ERC20 token standard from Ethereum and has distributed it as follow: 50% sold on ICO, 40% to the team and 10% to Angel investors. The coin can be used to pay fees on Binance. These include trading fees, transaction fees, listing fees and others. Binance gives you a huge discount when fees are paid in BNB. The schedule of BNB fees discount is as follow: In the first year, 50% discount on all fees, second year 25% discount, third year 12.5% discount, fourth year 6.75 % discount, and from the fifth year onwards there is no discount. This structure is used to incentivize users to buy BNB and do trades within Binance. Binance announced in a buyback plan that it would buy back up to 100 million BNB in Q1 2018. The coins are then burned. This means that they are devaluated to increase the value of the remaining coins. This benefits investors. In the future, the cryptocurrency will remain an asset on the trading platform and will be used as gas. Other tokens that are issued by exchanges include Bibox Token, OKB, Huobi Token, and more. BNB operates on the Ethereum blockchain network. For more information, visit the official BNB website at https://www.binance.com

Question 2

What is the current price of BNB?

Sharpe Labs · Accepted Answer

The current BNB price today is $1.05K USD. The BNB (BNB) price has increased by +6.51% over the last 24 hours. The real-time BNB price is up and updated live based on trading data from decentralized exchanges. You can track BNB price movements to make informed trading decisions.

Question 3

Where can I track BNB price?

Sharpe Labs · Accepted Answer

You can track BNB (BNB) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/ethereum/bnb. Our platform provides live BNB price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and BNB holder analytics. The BNB price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track BNB price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent BNB transactions all in one place. Sharpe AI DEX Scanner is the best platform to track BNB price with professional-grade analytics and real-time market data.

Question 4

How many holders does BNB have?

Sharpe Labs · Accepted Answer

BNB currently has 324,558 token holders on the Ethereum blockchain network. The BNB holder count represents unique wallet addresses that actively hold BNB tokens. The number of BNB (BNB) holders is regularly updated and reflects the size and growth of the BNB community. More holders typically indicate stronger adoption and community support for BNB. Join the BNB community: Twitter: https://twitter.com/binance

Question 5

What is the circulating supply of BNB?

Sharpe Labs · Accepted Answer

The BNB circulating supply is currently 137,737,102 BNB tokens. The total BNB supply is 392,908 BNB tokens. As of now, 35055.8% of the total BNB supply is in active circulation, meaning most of the total supply is available for trading. BNB (BNB) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of BNB directly impacts the token's market value and price dynamics.

Question 6

How to buy BNB?

Sharpe Labs · Accepted Answer

To buy BNB (BNB) on Sharpe AI DEX Scanner, click the Buy button located at the top of the BNB page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current BNB price and allow you to enter the amount of BNB you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for BNB. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track BNB price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying BNB.

Question 7

How to sell BNB?

Sharpe Labs · Accepted Answer

To sell BNB (BNB) on Sharpe AI DEX Scanner, click the Sell button located at the top of the BNB page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your BNB tokens. Once your wallet is connected, the interface will display your current BNB balance and allow you to enter the amount of BNB you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your BNB for other tokens like USDT or USDC. Review the current BNB price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell BNB for maximum returns.

Question 8

Is BNB a good investment?

Sharpe Labs · Accepted Answer

Whether BNB (BNB) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. BNB currently has 324,558 holders, which indicates the level of community adoption. Before investing in BNB, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze BNB tokenomics, including total supply, circulating supply, and token distribution. 3) Review the BNB whitepaper and use case to understand the project's value proposition. 4) Monitor BNB price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Ethereum blockchain explorer for contract verification and transaction history. 6) Assess BNB community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. BNB price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track BNB performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view BNB transactions?

Sharpe Labs · Accepted Answer

You can view BNB (BNB) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent BNB buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each BNB transaction shows the exact price at which the trade occurred, allowing you to analyze BNB trading patterns and market activity. You can filter BNB transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any BNB transaction to view complete details on the blockchain explorer. Monitor BNB transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for BNB token.

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