Here Are Some Binance Coin (BNB) Eye Poppers For You
Main Idea
The article highlights the growth and achievements of Binance and its native token BNB, comparing its performance to traditional investments like the S&P 500 and tech giants such as Amazon.
Key Points
1. BNB's price reached a record high of $850 on July 28, with an ROI of 849,900% since its debut in 2017 at $0.10 per token.
2. BNB's market capitalization surpassed $100 billion in July, marking the third time since December and November 2021.
3. Compared to the S&P 500's 158% growth since 2017, BNB's ROI of nearly one million percent is significantly higher.
4. Binance settled a $4.3 billion fine with the U.S. Department of Justice for anti-money laundering violations, similar to fines paid by major banks.
5. Corporate interest in BNB is growing, with nanotech and biotech firms investing millions in BNB tokens for their corporate treasuries.
Description
A former Tokyo Stock Exchange software engineer built and launched the Binance cryptocurrency exchange in 2017. Soon after that, they issued BNB as a native token for its ecosystem. One of the features that makes it original is BNB’s supply limit of 200 million and Binance’s regularly scheduled BNB “burns.” These are intended to halve its supply effectively. The company cryptographically locks up some of its own BNB tokens in a way that makes them impossible ever to retrieve or spend again, thus...
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