The Story of #BNB : Binance Coin

Launched in July 2017, Binance Coin (BNB) began as an ERC-20 token on Ethereum, created to fund the development of Binance, now one of the world’s largest cryptocurrency exchanges. Initially priced at $0.15 during its ICO, BNB raised $15 million to support platform development, marketing, and reserves.

In 2019, BNB transitioned to Binance Chain, its native blockchain, boosting its integration into the Binance ecosystem. It became essential for trading fee discounts, participating in token launches, and paying transaction fees on Binance Smart Chain (BSC), a blockchain powering DeFi and #NFTs .

BNB also features a **burn mechanism**, reducing its supply quarterly to create scarcity and support long-term value. Over time, its use cases expanded, including staking, payments, and rewards, contributing to its massive price growth and adoption.

As Binance’s ecosystem grows across DeFi, #Web3 , and NFTs, BNB remains central to its vision, embodying innovation and adaptability in the crypto space. #HVUBINANCED #HaveYouBinanced