Binance Coin Profile (BNB)
Project Safety Score
Wed, Jul 28, 2021 12:08 PM
BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange launched. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum. The Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism instead of mining.
Read more in the 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.
Binance Coin Safety Report
Binance Coin has a safety score of 6.82
Binance Coin is a large cap 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.
Binance Coin Red Flags
There are currently no Binance Coin red flags.
Binance Coin Development Score
The Binance Coin project has 19 active source code repositories.
The most recent commit was Wed, Jul 21, 2021 4:52 PM
- 926 Watchers
- 6375 Stars
- 113 Mentionable Users
- 0 Vulnerabilities
- 11 commits in the last 28 days.
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 average indicating that this project could be spoken about more positively and more in the community. In general as the popularity of a project grows and as main stream awareness grows this score will go up. But conversely as people loose interest and stop talking about this project or if things take a turn for the worse then this score will go down.
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.
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.
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?
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
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.
How complete is this profile:
1 missing data point
This profile is still waiting for the following data points
Bulls vs Bears
Binance Coin Reddit
Binance Coin Github
Binance Coin News
Binance Founder Changpeng Zhao Willing to Go Whenever He Finds a Better Successor, as Pressure MountsWed, Jul 28, 2021 7:55 AM
Binance founder Changpeng Zhao said he was willing to step down whenever he...read more...
Binance aims to become a regulated financial institution, ready to be licensed worldwideWed, Jul 28, 2021 3:29 AM
The worlds largest cryptocurrency exchange is looking to be licensed worldw...read more...
Cryptocurrency prices on July 28: Bitcoin close to $40k, rises 30% in a week; Ether, Dogecoin rallyWed, Jul 28, 2021 2:45 AM
The crypto market is trading in the green Wednesday, with Bitcoin rising ne...read more...
Binance Coin Trading 14.4% Higher Over Last Week (BNB)Tue, Jul 27, 2021 8:16 PM
Read Binance Coin Trading 14.4% Higher Over Last Week (BNB) at American Ba...read more...
Crypto exchange Binance on hunt for new CEO amid rising regulatory scrutinyTue, Jul 27, 2021 5:15 PM
(Bloomberg) -- The worlds biggest crypto exchange, Binance, is looking for ...read more...