Here Are Some Binance Coin (BNB) Eye Poppers For You
The post Here Are Some Binance Coin (BNB) Eye Poppers For You appeared on BitcoinEthereumNews.com. 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 “burning” them. As a result, the value of the remaining BNB supply increases in an exchange economy against fiat currencies and stablecoins. That’s a way for the company to share some of the profit with all the other token holders. It provides built-in, long-term support for BNB price growth. So far, ROIs for long-term BNB holders have been very attractive when compared to returns on investment for US stock owners. Here are some eye-popping BNB crypto token figures, milestones, and comparisons for you. 1. BNB Price Record High To Date (Jul. 28): $850 The BNB price rally on crypto exchanges in July took it to an all-time high record of $850. Even though the price has since declined by some 12%, this is still a very impressive accomplishment. Over the past month, that’s a +14% ROI, after settling down to $755 at the time of this writing. This also makes for an impressive growth of around 35% in the past 365 days. Since debuting on crypto exchanges at $0.10 for 1 BNB coin eight years ago in July 2017, that’s an ROI of 849,900%. It’s an average annualized ROI of 106,237% for Binance tokens over the eight years since the landmark crypto bull market year of 2017. BNB Tokens vs. S&P 500 US Stocks Compared By comparison, the…
The post Here Are Some Binance Coin (BNB) Eye Poppers For You appeared on BitcoinEthereumNews.com.
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 “burning” them. As a result, the value of the remaining BNB supply increases in an exchange economy against fiat currencies and stablecoins. That’s a way for the company to share some of the profit with all the other token holders. It provides built-in, long-term support for BNB price growth. So far, ROIs for long-term BNB holders have been very attractive when compared to returns on investment for US stock owners. Here are some eye-popping BNB crypto token figures, milestones, and comparisons for you. 1. BNB Price Record High To Date (Jul. 28): $850 The BNB price rally on crypto exchanges in July took it to an all-time high record of $850. Even though the price has since declined by some 12%, this is still a very impressive accomplishment. Over the past month, that’s a +14% ROI, after settling down to $755 at the time of this writing. This also makes for an impressive growth of around 35% in the past 365 days. Since debuting on crypto exchanges at $0.10 for 1 BNB coin eight years ago in July 2017, that’s an ROI of 849,900%. It’s an average annualized ROI of 106,237% for Binance tokens over the eight years since the landmark crypto bull market year of 2017. BNB Tokens vs. S&P 500 US Stocks Compared By comparison, the…
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