BNB (Binance Coin) is a cryptocurrency founded by Changpeng Zhao, the founder of the Binance digital trading platform.
Start date:
- The BNB coin was issued in July 2017 as an ERC-20 token on the Ethereum network.
- In April 2019, the BNB coin was migrated to Binance's own Binance Smart Chain.
Coin development:
- The BNB coin was initially used to offer discounts on trading fees on the Binance platform.
- Over time, the uses of the BNB coin have expanded to include many applications, such as:
- To pay transaction fees on the Binance Smart Chain network.
- Participation in voting and governance on the platform.
- Its use in many decentralized applications (dApps) on the Binance Smart Chain network.
Features of the coin:
- The BNB coin is considered one of the leading cryptocurrencies in the market.
- It is characterized by fast transactions and low trading fees.
- It enjoys great popularity among users of the Binance platform and cryptocurrency traders.
