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What is Binance Coin?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved out of China due to China's increasing regulation of cryptocurrency.

CEO Changpeng Zhao had previously founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for brokers. In 2013 he joined as the third member of the cryptocurrency wallet’s team. He also worked at OKCoin as CTO for less than a year, a platform for spot trading between fiat and digital assets. As of January 2018 it was largest cryptocurrency exchange with a market capitalization of $1.3 billion.

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What is Binance Coin Faucet?

Binance Coin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BNB, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a binance coin, but the amount will typically fluctuate according to the value of binance coin.

Faucets are a great way to help introduce new people to binance coin, or to your favourite altcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

Sources: WikipediaYouTube

Recent Payouts

User Reward Date
0xE33ED6c78C9b78ba3964A4DC355e3Dc05d7b908B191 satoshi2021-08-03 23:41:55
0x8fB5dbBABAEB47F74ed655D9562AC0cFbE1EEE4595 satoshi2021-08-03 16:45:10
0x7beA290eF3A3E3795E78b3FBC2957435adaF5e7b95 satoshi2021-08-03 15:03:25
0x076A1B6611c9E455Bfc98a3C6363787e5827e0Ae95 satoshi2021-08-03 14:03:29
0x5bA5125B66B3eA20dD0319447fBbDA767ef11824191 satoshi2021-08-03 03:53:22
0x3a8345290d4218cEAB1B75e6324F3213F03e0d8F318 satoshi2021-08-03 03:17:26
0xE33ED6c78C9b78ba3964A4DC355e3Dc05d7b908B318 satoshi2021-08-02 23:44:36
0x8fB5dbBABAEB47F74ed655D9562AC0cFbE1EEE4595 satoshi2021-08-02 12:47:03
0xCd4c9a7107d245dA10F96baEf805fD284461Efa7191 satoshi2021-08-02 03:48:13
0xE5acd2e7427b12e4301b591CcC01ad519C89869995 satoshi2021-08-01 23:54:05