However, the SEC recently sued Binance, accusing it of selling unregistered securities and mishandling customers’ funds. Since touching $196, the price of BNB has consolidated. However, in line with the broader crypto market, the Binance coin began to lose value heading into 2022, dropping to a low of $196. This led BNB to become one of the most explosive cryptos, surging to its ATH of $690 in May 2021.įollowing its ATH, the price quickly plunged, before bouncing to $279, then making a brief recovery. BSC was an Ethereum fork, meaning the developers copied Ethereum’s open-source code and implemented some changes to make it more suited for their goals.īSC offered lower fees and faster transactions than Ethereum, making it an instant hit for users and developers alike. In September 2020, the BSC was created, and a BEP-20 version of BNB was released. Then in the following months, BNB stabilised between $10 and $20 before reaching $37 in July 2019 and then heading back to its $10-$20 range. Less than six months after its launch, in December 2017, the price of BNB had already reached $9. Following its ICO in June and July 2017, the first recorded BNB price on CoinMarketCap was $0.1015. The ICO price was denominated in ETH or BTC, equating to around $0.11 per BNB coin. The BNB token was first issued as an initial coin offering (ICO) and quickly became one of the best ICOs at the time. According to Zhao, the BNB coin sales were the only funding he received to assist with building the Binance exchange.īNB (formerly Binance Coin) launched as an ERC-20 token on the Ethereum blockchain, later moving to the Binance Smart Chain (BSC). The BNB coin was created in 2017, shortly after Changpeng Zhao created the Binance exchange.
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