#BNBChainMem
LET'S TALK A LITTLE ABOUT BNB❗❗❗
What is Binance Coin (BNB)?
BNB was launched through an ICO in 2017, eleven days before the cryptocurrency exchange Binance was launched. Originally, it was released as an ERC-20 token running on the Ethereum network, with a planned cap of 200 million coins, with 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were exchanged for BEP2 BNB at a 1-to-1 ratio in April 2019, with the launch of the Binance Chain mainnet and, currently, it is no longer hosted on Ethereum.
BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange, and to participate in token sales during Binance launches. BNB also powers the Binance DEX (decentralized exchange).
