Financial Calculators

Binance Coin (BNB) Profit Calculator

Calculate the profits of your BNB investments easily with this free investment calculator.

BNB investment calculator

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Table of contents

What is Binance Coin (BNB)?
BNB history
First Market Cycle
Second market cycle
Third market cycle
BNB Token Profile
BNB Pros and Cons
Binance Coin (BNB), Use Cases
Binance Coin (BNB), burning
BNB Token Performance
BNB Holders Receive Binance Bonuses
BNB Criticisms and Legal Issues
Should You Buy BNBs?
Binance Coin Profit Calculator (or Binance Coin ROI Calculator) is a simple tool to determine how much profit your investment in Binance Coin, BNB (or any other cryptocurrency), would have produced. This will allow you to determine the return of investment (ROI).

What is Binance Coin (BNB)?

BNB (or Binance Coin), is the base cryptocurrency or digital money of the Binance trade. Binance allows crypto traders and investors the ability to pay fees, trade with BNB. This coin initially operated on the Ethereum blockchain under the ERC-20 standard. It is now the Binance platform's native cryptocurrency. According to statistics released in January 2022, the platform is responsible for more than 1.42 million transactions per second. BNB has also shown impressive results, increasing its value by nearly twofold from the beginning of April through the middle of January 2022.

BNB history

Changpeng Zhao invented the Binance Coin back in July 2017, and you can divide the BNB's progress into three markets cycles.

First Market Cycle

BNB was launched on 17th November 2017 at a very low cost of 0.50 US dollars. BNB achieved a greater value than 25 US$ in 67 days.

Second market cycle

BNB reached its all-time high value of 39.59 US$, on 22 June 2019. Over the period of the last 297 days, the coin has increased by an incredible 861 percent.

Third market cycle

BNB's third market cycles are now underway. The current market value is approximately 350 US$ and the market capitalization exceeds 53 billion US.

BNB Token Profile

The following is a token profile that explains all of the key figures about the Binance coin.
Ticket BNB
Max supply 168 137 036 BNB
Total supply 168 137 036 BNB
1-year price low $27.4583
1-year price high $676.15
Current Price $633.80
Market cap $97 706 525 529
Markets Binance, FTX, Gate.io, KuCoin

BNB Pros and Cons

BNB is not only beneficial for investors but also has some disadvantages. The following pros and cons will help you decide if this cryptocurrency is right for you.

Pros

A Great Utility Token: Due to the current crypto world landscape and the advancement of Binance, BNB can be considered an excellent utility token. In addition to making transactions on Binance's exchange, this coin allows you to invest in it to earn profit. Additionally, online purchases can be made such as gift cards and crypto credit card bills. You can also purchase entertainment and travel.
Unique burndown policy: The burning of BNB is an important feature of this cryptocurrency in order to maintain stability. Binance uses a unique strategy to reduce its total supply.
Discount Coupon, One of the best benefits of Binance Coin are the discounts that the users receive on their charges. It can also be used to help grow the community.
Fast Transactions and Low Fees: BNB transactions on Binance are performed instantly. The fee for everyone is 0.1 percent.

Cons

Potentially Affecting the Regulation: Many experts and crypto critics believe that China's regulators could impact the BNB token long term. Binance has also created a dedicated exchange for US users. The relationship with this platform can also cause problems that could affect US users.
Dependent on Binance Exchange. A major drawback of BNB is that it is directly affected by the reputation of Binance Exchange. This makes it difficult for this cryptocurrency, which is why any negative effect on the Binance exchange will directly affect the reputation of BNB.
Stability isn’t guaranteed: No one can predict how BNB will perform and whether it’s capable of maintaining its current performance. Because it has less than 4 years experience.

Binance Coin (BNB), Use Cases

Binance Coin (BNB), is versatile in its use. It can be used for two distinct functions as mentioned above.

Binance Exchange Native Token

BNB is an alternative payment method that allows users to pay the platform's fees
BNB, the Binance decentralized stock exchange's key trading pair, is
Use it for a wide range of applications including DApps, games powered by Binance Chain, and more
Can be used in Binance Liquidity Swap
Binance Charity can accept donations from users

Exchange Token

Access to greater trading volume discounts
BNB customers can enjoy a discount of up to 25% when they use it to pay their trading fees
Can be used for trading pairs on the Binance blockchain
BNB allows people to purchase goods and services in-store and online. They can buy virtual gifts and e-gifts as well as mobile top-ups.

Binance Coin (BNB), burning

Binance spends 20% of its total profits every three months to either permanently or temporarily destroy BNB. Binance Coins' most recent burning took place on January 15th, 2022. This was when 1,099.888 tokens from its treasury were removed. The current total supply of Binance coins is 168.137.036 coins. It is a process of deflation that increases the cryptocurrency's worth with the passing of time.

BNB Token Performance

BNB has proven to be one of the most valuable cryptocurrencies in the past year. Investors will also love it. BNB, as with most major cryptocurrencies, is extremely volatile, especially in the short term. It is because the crypto world is decentralized, meaning that no authority can exert any influence. It is therefore safe to assume that the volatility of the BNB tokens does not reflect the sentiments and opinions of the investors.
BNB coin investments can be lucrative, according to the forecasts. However, the same can not be said if you are looking for short-term investments. The above image shows that BNB coins reached an all-time high price of $675.68 US dollars in a matter of minutes. However, the chart also shows a dramatic drop that was once lower than $300 US dollars. It is only a chart that shows price improvements if we look at it long-term.

BNB Holders Receive Binance Bonuses

Binance platform offers many benefits to BNB coin holders. The following are the most significant:
BNB holders receive a 25 percent discount on all spot trading or margin trading fees
Binance offers BNB holders a 10% discount on Futures trading fees
BNB holders may participate in IEO to purchase assets and get rewards
BNB holders are eligible to receive even more savings by joining the Binance VIP program.
Referring users to Binance, you can earn up to 4 percent commission.
BNB holders may earn rewards by taking BNB through the BNB vault
Binance allows BNB customers to apply for a cryptocurrency loan

BNB Criticisms and Legal Issues

Binance has been the subject of numerous legal criticisms since its inception. BNB, like other cryptocurrencies, has faced criticism for its volatility, decentralized nature, and many other issues.

Volatility

Volatility, which is a problem facing all cryptocurrencies except BNB, is the most serious. After growing hundreds of times, it can easily lose 30-70% of its capitalization. Investors find this risky.

Binance issues in the US

According to recent news, Binance has been under investigation by numerous law enforcement agencies. Binance Holdings Ltd. has been under investigation by both the United States Internal Revenue Service, and the Department of Justice. Because of suspicions that individuals are using Binance to launder money and tax evasion, the investigation into Binance has been initiated.
Binance Holdings Ltd. has responded to this matter by saying that they take the US investigation very seriously. The platform stated that it is open to collaboration with the authorities in order to resolve the problem as soon as possible.

Illegal Use

The dark web is the most dangerous place for all types of cryptocurrency, especially major ones. Cybercriminals use cryptocurrencies including BNB only to buy illegal goods such as drugs, weapons, and more.

Should You Buy BNBs?

BNB is a popular and highly successful cryptocurrency. BNB's growth has been steady over time and many financial analysts believe it will continue growing in the future. The outlook for this crypto seems to be positive.
BNB can make a good long-term investment. A downside is that short-term investors may lose their investments due to high volatility. BNB investment is a great option for the long term.
PureCalculators assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an "as is" basis with no guarantees of completeness, accuracy, usefulness, or timeliness.

Parmis Kazemi
Article author
Parmis Kazemi
Parmis is a content creator who has a passion for writing and creating new things. She is also highly interested in tech and enjoys learning new things.

Binance Coin (BNB) Profit Calculator English
Published: Mon Mar 14 2022
In category Financial calculators
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