Binance Coin (BNB) is a type of cryptocurrency created by Binance, the world's leading exchange by volume. Binance Coin (BNB) powers the Binance Ecosystem. As the native coin of Binance Chain protocol, BNB has multiple use cases: fueling transactions on the chain, paying for transaction fees on Binance Exchange, making in-store payments, and many more. The Binance Coin is expected to fuel the operations of the Binance exchange and it's Ecosystem. It supports multiple utilities on the Binance ecosystem, which include paying for trading fees, exchange fees, listing fees, and any other fees on the ^[1]

Binance Coin (BNB) is an exchange-based token created and issued by the cryptocurrency exchange Binance. Initially created on the Ethereum blockchain as an ERC-20 token in July 2017, BNB was migrated over to Binance Chain in February 2019 and became the native coin of the Binance Chain. testing

Binance Coin has seen massive growth in interest throughout the years. Several rounds of token burn events have appreciated BNB price and pushed it up as one of the top-10 cryptocurrencies by market capitalization. BNB can be traded in over 300 trading pairs across 120 exchanges.

BNB Token

History

BNB was launched through an Initial Coin Offering (ICO) that took place from June 26, 2017 to July 3, 2017, just 11 days before the Binance Exchange opened for trading.

The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. BNB was issued as an ERC-20 token, running on the Ethereum Blockchain, with a total supply of 200 million coins. 100 million BNBs were offered in the ICO. The current total supply is less than 155 million as of April 2020 and continues to drop as Binance burns more tokens during their quarterly burns. testing if everything works.

Testing