Binance Coin profile
Binance Coin Profile (BNB)
Score: 7.79 | Very Good
Exchange Token Balanced Large Cap
Project Safety Score

Wed, Oct 27, 2021 3:37 AM

Score 7.79
Rating Very Good
Market Cap $80113951122.863
24hr Volume $1488789259.8539
Price $480.29616152799
Review

Binance Coin

coin

2ndgen blockchain

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.

Read more in the whitepaper:
https://whitepaper.io/document/10/binance-whitepaper

Binance Coin Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Binance Coin Safety Report

Binance Coin has a safety score of 7.79

Binance Coin is a large cap exchange token coin.

Binance Coin is suited to a balanced investment style.


Binance Coin Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • tradingview profile

Binance Coin Red Flags

There are currently no Binance Coin red flags.


Binance Coin Development Score

The Binance Coin project has 22 active source code repositories.

The most recent commit was Sat, Sep 25, 2021 3:51 PM

  • 936 Watchers
  • 6558 Stars
  • 126 Mentionable Users
  • 0 Vulnerabilities
  • 39 commits in the last 28 days.
Highlights:
  • extremely high stars
  • very high watchers
  • extremely high repo stars
  • daily repo updates
  • poor mentionable users

Binance Coin Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!

The overall sentiment is high indicating that this project is well-regarded in the community who talk often and mostly postively about this project.
Highlights:
  • The overall sentiment is high

Binance Coin Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Binance Coin?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Binance Coin has a strong community, posting and creating lots of content across the internet on social media, forums, blogs and websites.

Highlights:
  • extremely high hashtag tweets
  • extremely high gitHub account watchers
  • good search result count
  • very poor reddit articles

Binance Coin Awareness Score

The awareness score indicates how well Binance Coin is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Binance Coin is but a good measure of longevity is how well the project is known by the general public.

Overall Binance Coin this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very poor search result total
  • very low news articles mentioning Binance Coin
  • very low news articles directly about Binance Coin

Binance Coin Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Mature project age (released Jul 25, 2017)

Binance Coin Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • very high USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Binance Coin Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

BNB
Community Trust Score (BNB)

3.5/5

6 reviews
Beauty Amelia
Tue, Oct 19, 2021 3:45 PM
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1 0
Van
Wed, Sep 22, 2021 3:34 PM
This coin is a shit-coin factory with its "revolutionary" smart contracts. All the crypto scams have been built on BNB 's chain skyrocketing its blockchain "usage" its price. (copying ETH's , the other shitcoin factory's idea) This is why it has a so high price while in reality it is not even a pure crypto. The 100% of all BNB coins was premined and allocated to its founders addresses in order to sell them to people. It is really questionable how some people consider this thing a real cryptocurrency. They hide the truth from the people.
1 0
StaDoukas
Tue, Sep 21, 2021 8:08 AM
Completely centralized project which has no relation with the original cryptocurrency idea (like the most right now!). People don't understand that its founders just *created* asset units out of nowhere and allocated them in THEIR addresses ? ( 100% premined - owned by the founders) All its buyers are not buying a crypto now, they are buying the founder's coins which were literally made out of thin air and with marketing they convinced that this is a "crypto". Find out what a real crypto is with projects like Monero, BITCOINZ, Digibyte etc that truly followed the Bitcoin's path.
2 0
eves
Mon, Sep 13, 2021 2:43 AM
FASTFUNDSRECOVERY AT PROTONMAIL COM who I found on trustpilot is the best recovery expert. They give you a detailed guide on how to recover money lost to binary options, forex, bitcoin, cryptocurrency, investment, etc. whatsapp +18135730887
1 0
Hills Clark
Fri, Aug 27, 2021 4:14 PM
Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in February I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to One Standard Finance, and to my surprise I got all bitcoins recovered within 48hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds kindly contact, support@ onestandardfinance .org Whatsapp +1870 - 345 - 7937.... All Thanks To Them
1 0
Daniel Salloi
Fri, Mar 1, 2019 9:21 PM
Passionate leader in form of CZ. Competent team. An exchange, coin, chain, launchpad and DEX.
4 3

93.33%

Complete
Profile Status

How complete is this profile:

1 missing data point

This profile is still waiting for the following data points

  • tradingview profile
Community Signals

3.5/5

(6 reviews)
Community Trust Score
Market Cap Rank:
3
Voted:
scam
Bulls v Bears:
neutral
Watching:
0
Trending Position:
Binance Coin Reddit
Binance Coin Github
Binance Coin News
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