#BSCProjectSpotlight

Binance coin came into existence in 2017 when it was sold through an initial coin offering (ICO). A total of 200 million units of this digital asset were created, and 100 million were sold via the ICO. Another 20 million units were allocated to angel investors and 80 million were issued to the founding team. Originally, binance coin was an ERC-20 token available on the Ethereum blockchain.

In April 2019, Binance released Binance Chain, its own custom blockchain. That same month, the exchange revealed that it would allow users to migrate their binance coin to the new blockchain, and that it would create BNB tokens as the Binance Coin tokens were eliminated.