What is Binance Chain? #
“Binance Chain and Binance Smart Chain become BNB Chain. Through the concept of MetaFi, BNB Chain will build the world’s parallel virtual ecosystem infrastructure. BNB, which stands for “Build and Build” (formerly called Binance Coin), is the blockchain gas token that “fuels” transactions on BNB Chain #
| Cost To Stake | APR Per Node |
| $198k | 7.1%+ |
Profile #
- Launched in 2017
- Current Market Cap: $49,667,486,460
- Started as “Proof of Staked Authority”. BNB is a utility token for the Exchange Fees
- Currently has 21 validator nodes staking
- Requires 663,952 BNB to stake a node
- Staking produces 7.09% APR returns on 663,952 BNB staked
- Natively support delegated staking
- Destaking/Unbonding: Pending Beacon Chain rollout.
- Slashing/Penalties: Only apply to obvious malicious activity (Double Spend ect)
- Supports Smart Contracts and NFTs
Node Requirements #
Looking to roll your own node? Here is what’s required. #
- 24 vCPU cores
- 16 GB RAM
- 500 GB SSD
- 10 Mbps Up/Down
5 Year Outlook #
Based on our research at StaaS Fund, here are the long term expectations for this asset. #
- Cost to create/buy/sell NFTs is competitive
- Most popular Exchange utility token
- Promising prospect for NFT marketplace
