#BinanceTradeSmarter Binance Coin (BNB) is the token of the Binance cryptocurrency exchange, which is used to pay trading fees, as well as during IEOs on the Binance Launchpad platform and for farming on the Launchpool platform.

BNB was released in 2017 before the launch of the Binance cryptocurrency exchange. Initially, the token operated on the Ethereum blockchain and was an ERC-20 standard token, with an issuance of 200 million, half of which was distributed during the ICO.

Some areas of use for BNB: payment of transaction fees on Binance.com, Binance DEX, and Binance Chain, payments, booking travel accommodations, payment for online services, and financial services.