Binance, founded in 2017, has grown rapidly:
- *2017*: Launched with BNB token sale
- *2018*: Expanded services, introduced Binance DEX
- *2019*: Introduced Binance Futures, staking, and lending
- *2020*: Expanded globally, introduced Binance Card
- *2021*: Reached 30M+ users, expanded into NFTs
Here's a rough chart:
```
2017 - Foundation
2018 - Expansion
2019 - Derivatives & Staking
2020 - Global Growth
2021 - NFTs & User Growth
2022+ - Regulatory Challenges & Innovation
```
BNB Tokenomics
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem. Here's an overview:
*Key Features:*
- *Token Utility*: BNB is used for trading fee discounts, Binance Launchpad participation, and other Binance services.
- *Tokenomics*: BNB has a total supply of 200 million tokens, with a significant portion burned quarterly.
- *Burn Mechanism*: Binance burns BNB tokens quarterly, reducing the total supply and potentially increasing the token's value.
- *Use Cases*: BNB is used for various purposes, including trading, staking, and payment for goods and services.
*Benefits:*
- *Discounts*: Holding BNB provides discounts on trading fees and other services.
- *Potential Price Appreciation*: The token burn mechanism and growing demand may contribute to potential price appreciation.