#bnb
(Binance Coin) History – Briefing
🔹 Beginning and Birth (2017)
Binance Coin (BNB) was launched by Binance in July 2017 through an ICO (Initial Coin Offering) process.
Initial offering price: 1 BNB = approximately 0.10 USD
Purpose: To provide up to 50% discounts on commission payments on the Binance exchange
🔹 Technical Infrastructure
Initially created as an Ethereum ERC-20 token
In April 2019, it was moved to its own chain (BEP-2) with the launch of Binance Chain
After 2020, it entered the DeFi and dApp ecosystem with Binance Smart Chain (BSC)
🔹 Areas of Use
It has seen active usage in many areas such as transaction fees, token launchpad sales, payment infrastructures, travel bookings, NFT purchases, and even credit card payments
It has become a cornerstone of the Binance ecosystem
🔹 BNB Burn Program
The supply of BNB is limited: It was initially 200 million
Binance reduces the total supply by burning a certain amount of BNB each quarter based on its revenue
This mechanism plays an important role in price stability and value increase
🔹 Peak Point
All-time high (ATH): May 2021 – ~690 USD
Between 2021–2024, it is one of the few major coins that managed to remain strong despite regulations
🔹 Today’s BNB
At the center of all infrastructure, including Binance's spot, futures, launchpad, and NFT platforms
It is considered a safe haven, especially for institutional investors, hedge funds, and BSC developers.
🧠 Strategic Power and Corporate Influence
Despite discussions about decentralization, Binance has turned BNB into a strategic power element as the exchange with the largest trading volume
Addresses holding large amounts of BNB, particularly through institutional wallets, play a key role in exchange operations, launchpad financing, and liquidity.