#SECGuidance BNB is a cryptocurrency that can be used for trading and paying fees on the Binance cryptocurrency exchange. BNB is also the cryptocurrency that supports the BNB Chain ecosystem. As one of the most popular utility tokens in the world, BNB has many applications and is used in a variety of use cases, making it very useful for users.

BNB was launched through an Initial Coin Offering (ICO) that took place from June 26, 2017, to July 3, 2017 - 11 days before the Binance exchange officially opened for trading. The initial offering price of BNB was 1 ETH = 2,700 BNB or 1 BTC = 20,000 BNB. Although launched through an ICO, BNB does not represent a profit-sharing mechanism for Binance users, nor does it represent users' investment in Binance.

With various applications within the BNB Chain ecosystem and beyond, BNB serves countless purposes. Although initially launched as an ERC-20 token on the Ethereum blockchain, BNB has now migrated to the BNB Chain. While the total initial token supply was set at 200 million coins, the supply has gradually decreased due to periodic coin burns. The current price of BNB is updated and available in real-time on Binance.