📌 BNB HISTORY — FROM TRADING DISCOUNT TO INDEPENDENT BLOCKCHAIN
📅 2017 — The Birth of BNB
• Launched via ICO by Binance (July 2017)
• Initially an ERC-20 token on Ethereum
• Initial utility: trading fee discount
🔄 2019 — Migration to Binance Chain (BEP2)
• Focus on speed and efficiency
• BNB is no longer on the Ethereum network
🌐 2020 — The Birth of BNB Smart Chain (BEP20)
• Compatible with EVM
• Gas token for DeFi, NFT, GameFi
🔥 TOKENOMICS & BURN MECHANISM
• Initial supply: 200 million
• Final target: 100 million (via auto-burn & quarterly burn)
🎯 CURRENT FUNCTIONS OF BNB
• Binance trading discount
• BNB network gas fees
• Launchpad, staking, merchant payments
💡 Insight:
BNB has successfully evolved from a discount token to a global blockchain infrastructure supporting the Binance ecosystem.
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