A part of the Binance platform for trading cryptocurrencies that was created on the Ethereum blockchain using the ERC20 standard. Binance issued a maximum of 200 million BNB. The currency was launched in July 2017, through the initial coin offering (ICO) which allocated 20 million BNB for angel investors, 80 million for project contributors, and the remaining 100 million for various individuals who participated in the ICO. The funds raised by selling BNB were used to develop the Binance platform, branding, and marketing. A percentage of the investment was also spent on adding necessary upgrades to the Binance cryptocurrency trading platform.#SaylorBTCPurchase $BNB