#CzechBitcoinReserve
What is BNB?
BNB is the native cryptocurrency of the Binance ecosystem, used for trading, transaction fees, and various utilities within the BNB Chain. As one of the most widely used utility tokens, it has applications across multiple platforms.
BNB’s Origins & ICO Launch
Launched via an Initial Coin Offering (ICO) from June 26 to July 3, 2017, just 11 days before Binance Exchange began trading.
The ICO pricing was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB.
Despite being issued through an ICO, BNB does not grant holders rights to Binance profits or represent an investment in Binance.
BNB’s Evolution & Supply Reduction
Initially launched as an ERC-20 token on the Ethereum blockchain, BNB later migrated to its native BNB Chain.
The original total supply was 200 million BNB, but due to regular coin burns, the supply is gradually decreasing.
Live Price Updates
The current BNB price is available in real-time on leading crypto platforms.
