$BNB BNB is a digital currency that can be used for trading and paying fees on the Binance platform for cryptocurrency trading. BNB is also the digital currency that powers the BNB Chain ecosystem. As one of the most well-known and popular utility tokens in the world, BNB is useful for users in a wide range of applications and use cases.

The BNB coin was launched through an initial coin offering (ICO) that took place from June 26 to July 3, 2017, 11 days before trading began on the Binance trading platform. The issuance price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through the initial coin offering, it does not grant users the right to claim profits from Binance nor does it represent an investment in it.

In light of the availability of multiple applications within the BNB Chain ecosystem and beyond, BNB serves many purposes. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB has since transitioned to the BNB mainnet. Although the initial total supply was set at 200 million coins, it has gradually decreased due to recurring coin burns. The Binance platform displays the current price of BNB and updates it in real-time.