Binance Coin (BNB) – the native currency of Binance is one of the largest volume and market cap ERC20 tokens on the Ethereum network. This token is used to facilitate trading on the Binance exchange.
GraphQL API to one of the most liquid ERC20 tokens!
Explained by them:
"We will issue our token coin, called the Binance Coin. A strict limit of 200MM BNB will be created, never to be increased. BNB will run natively on the Ethereum blockchain with ERC 20 .... Every quarter, we will destroy BNB based on the trading volume on our crypto-to crypto platform until we destroy 50% of all the BNB. All transactions will be on the blockchain. We eventually will destroy 100MM BNB, leaving 100MM BNB remaining"
learn more reading there whitepaper 📝 https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf
GraphQL Schema 🔋batteries included!
💰Why is this valuable?
Binance is one of the world's largest centralized crypto exchanges and they use their native coin to help provide liquidity. Using this API, users can get insights into the changes on chain about BNB. They can see the burn rate and other aspects around the status of the coin, as well as view all of the transfers of BNB.
BNB also powers Binance's DEX as the key base asset. BNB is also the 7th highest market cap coin - and reached a new high of greater than $30 today!
In the simple single page demo - we make a directed graph to show the movement of the most recent BNB transfers.