The BNB (Binance Coin) is the digital currency issued by
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Binance, one of the largest cryptocurrency exchange platforms in the world. BNB was launched in 2017 as part of an initial coin offering (ICO) to raise funds for the development of the platform.
### BNB Founder
Binance was founded by Changpeng Zhao, also known as "CZ". He has extensive experience in financial technology and software development, and has previously worked at several companies in the cryptocurrency space.
### BNB Projects
The BNB coin is used in several areas and projects, including:
1. **Trading Fees**: Users of the Binance platform can use BNB to pay for trading fees, giving them discounts on these fees.
2. **Binance Smart Chain (BSC)**: BSC was launched as a platform for developing decentralized applications (dApps) and smart contracts. BNB is used as the main currency in this network.
3. **Decentralized Finance (DeFi)**: BNB is used in many DeFi projects, such as providing liquidity and earning interest.
4. **Promotional Programs**: Binance offers promotional programs and rewards for BNB users, such as special offers and bonuses.
5. **Investments**: BNB can be used to invest in new projects via the Binance Launchpad, which supports the launch of new projects in the cryptocurrency space.
### Other Uses
- **Payments**: Some stores and services accept BNB as a payment method.
- **Investment**: Investors can purchase BNB as a long-term investment.