1. What is Binance Coin (BNB)?
Name: Binance Coin
Symbol: BNB
History and overview:
Binance Coin (BNB) was launched in 2017 by Binance, one of the world's largest crypto exchanges.
200 million BNB was initially issued. Binance regularly "burns" some BNB and continues to do this until only 100 million BNB remain.
BNB is a utility coin that can be used on Binance Chain and Binance Smart Chain. Some of its use cases are:
1. Crypto traders get discounts if transaction fees on binance.com are paid using BNB.
2. Crypto traders can also use BNB as collateral for loans.
3. Payments for third-party services.
4. Participation rights on Binance Launchpad.
5. Delegated Staking on Binance Smart Chain, which uses Proof-of-Staked Authority (PoSA) consensus.
2. Metrics
As of 30 August, its core metrics are:
Price metrics
Current price:
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INR 34,350
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All-time high (May 10, 2021)
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INR 50,590.25
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All-time low (Aug 01, 2017)
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INR 7.04
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Below is the graph for BNB prices over the last year:
Supply metrics:
Circulating supply:
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168,137,036 BNB
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Total supply:
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168,137,036 BNB
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Maximum supply:
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168,137,036 BNB
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Note:
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Circulating supply is the number of coins/tokens in public hands.
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Total supply is the number of coins/tokens created minus the number burned.
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Maximum supply is the maximum amount of this crypto that can ever exist
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Marketcap & Volume metrics:
Market Cap:
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INR 577,820 crore
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Fully Diluted Market Cap:
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INR 577,820 crore
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Volume (24h):
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INR 13,564 crore
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Volume / market cap ratio:
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0.02119
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Velocity:
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10.13
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Note:
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Market cap = Current Price x Circulating Supply
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Fully Diluted Market Cap would be the market cap if the maximum supply were in circulation
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Volume (24h) is the fiat value of this crypto traded over the last 24 hours
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Dominance measures a crypto's total market capitalization relative to the total market cap of all cryptos
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Volume/market cap ratio = 24h Volume / Marketcap
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Velocity = 24h Volume/Circulating Supply
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Vladimir Club Cost is the cost of owning 1% of 1% of an asset's "eventual" supply
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RoI metrics:
Year
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Returns
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2020
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174 %
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2019
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125 %
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2018
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-28 %
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2017
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616 %
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Risk metrics:
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Volatility
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Sharpe ratio
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Last 30 days
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0.8
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6.5
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Last 90 days
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0.9
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1.8
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Last 1 year
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1.5
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2.7
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Last 3 years
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1.1
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1.6
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Note:
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Volatility measures the annualized standard deviation of daily returns
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Sharpe Ratio measures the excess return for a given level of risk
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3. Wallets
Trust Wallet and MetaMask are two of the most popular wallets for BNB.
Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet. Figures as of 30 August 2021.
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