BNB breaks $880 to create a new historical high, how does an 8-year empowerment history achieve a hundred billion dollar crypto giant?
From a practical tool for enjoying discounts on transaction fees to a strategic asset that is eagerly included in the asset reserves of NASDAQ-listed companies, BNB has completed a magnificent transformation over eight years.
On August 21, the price of BNB (Binance Coin) broke $883, setting a new historical high, with a market cap firmly ranking among the top three cryptocurrencies globally. This crypto giant has completed a transformative leap from a functional exchange token to a global strategic asset since its inception in 2017.
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01 Origins and early value, transaction fee discounts open the market
In 2017, BNB was born alongside the inception of the Binance exchange. Initially, it was just a simple Ethereum ERC-20 token, with a total issuance of 200 million, of which 50% was sold to the public through ICO.