#BNB# History & Today Market value

### **BNB Coin History & Market Value (2024)**

#### **1. Overview of BNB (Binance Coin)**

BNB is the native cryptocurrency of **Binance**, the world's largest cryptocurrency exchange by trading volume. Initially launched as an **ERC-20 token** on Ethereum in 2017, BNB later migrated to Binance’s own blockchain, **Binance Chain** (now part of **BNB Chain**).

#### **2. Key Historical Milestones**

- **2017 (ICO):** Binance raised $15 million in its Initial Coin Offering (ICO), selling BNB at **$0.10 per token**.

- **2019:** BNB migrated from Ethereum to **Binance Chain** (BEP-2).

- **2020-2021:** BNB surged due to the rise of **DeFi** and **Binance Smart Chain (BSC, now BNB Chain)**.

- **2021 (ATH):** BNB hit an all-time high of **$686** during the crypto bull run.

- **2023:** Binance faced regulatory challenges, but BNB remained a top 5 cryptocurrency.

#### **3. BNB Use Cases**

- **Trading Fee Discounts:** Reduced fees on Binance.

- **BNB Chain Gas Fees:** Used for transactions on BNB Smart Chain.

- **Staking & Payments:** Used in DeFi, NFTs, and travel bookings.

- **Token Burns:** Binance conducts quarterly burns to reduce supply (total supply capped at **200 million BNB**).

#### **4. BNB Market Value (As of 2024)**

- **Price:** ~$580 (varies with market conditions)

- **Market Cap:** ~$90 billion (ranked #4 after BTC, ETH, USDT)

- **Circulating Supply:** ~153 million BNB

#### **5. Future Outlook**

- BNB remains central to Binance’s ecosystem, including **Web3, DeFi, and NFTs**.

- Regulatory challenges could impact price, but adoption keeps demand strong.

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