Steemit Crypto Academy Season 2 Week 1, Homework Post for Professor @yohan2on

Introduction to Binance Coin (BNB)

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Binance Coin (BNB) is a cryptocurrency launched by the Binance Exchange platform headquartered in Malta, in 2017. Binance exchange is a crypto exchange founded by Changpeng Zhao and is one of the most popular crypto trading exchanges today. Initially this coin was only used in the Binance platform ecosystem, but now BNB has successfully become one of the top coins with BTC and ETH with a fairly high market capitalization value.

With a pretty good marketing strategy at the start of its marketing period and being fully supported by the well-known Binance Exchnge platform, it didn't take long for BNB to be well received in the market and even today BNB has become one of the favorite coins out there . BNB has also recently continued to show its positive trend.

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Initially, BNB was an ERC-20 token on the Ethereum blockchain network, but in 2019 Binance succeeded in making an innovation called the Binance Chain. Binance Chain is a new network created by Binance and fully owned by Binance. Because it already has its own network, BNB is now running on the Binance Chain network.

BNB is a unique token, in order to keep its price competitive and reduce its inflation rate, Binance burns a number of BNB by buying back 50% of the total BNB on the market using funds from 20% of Binance's profits and then the BNB is burned gradually.

BNB Stats, Exchanges & Wallets

As additional information I got from https://coinmarketcap.com. BNB currently has a market capitalization of $ 70,662,469,893 and is ranked 3rd under BTC and ETH. The price of BNB today ranges from $ 429.05 to $ 535.33 with transaction volume reaching $ 6,356,331,082. The circulating supply of BNB is 153,432,897 BNB from the maximum supply of 170,532,785 BNB.

With a very high market capitalization and very competitive prices, making BNB is perfect for you to make as an investment asset. BNB is also very easy to trade because it is available on various crypto exchanges, such as Binance, KuCoin, FTX, Gate.io, Poloniex, Bittrex, and many more. You can also store BNB in several types of wallets, such as Binance Chain Wallet, Ledger, Trezor, Trust Wallet, Math Wallet and Safepal.

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@yohan2on
@steemcurator02