$BNB What is the BNB cryptocurrency project?

Binance Coin, or BNB, is the native digital currency of the Binance cryptocurrency exchange platform, built on the Ethereum blockchain using the ERC20 standard. Binance issued a maximum supply of 200 million BNB. The currency was launched in July 2017 through an initial coin offering (ICO), which allocated 20 million BNB to angel investors, 80 million to project contributors, and the remaining 100 million to various individuals who participated in the ICO. The funds raised through the sale of BNB were used for platform development, branding, and marketing. A percentage of the investment was also spent on adding necessary upgrades to the Binance cryptocurrency exchange platform.$BNB