#CZ #BinanceCEO
What is BNB?
BNB (short for Build and Build, originally Binance Coin) is the native cryptocurrency of the BNB Chain ecosystem, created by the cryptocurrency exchange Binance.
🔹 Main Uses of BNB:
Paying trading fees on Binance exchange (with discounts)
Gas fees on the BNB Smart Chain (used in DApps, DeFi, and NFT platforms)
Staking and earning rewards
Participation in token sales on Binance Launchpad
Payments for goods and services in supported platforms
🔹 BNB Chain:
BNB powers the BNB Chain, a blockchain network composed of:
BNB Beacon Chain – handles governance and staking
BNB Smart Chain (BSC) – supports smart contracts and is EVM-compatible (like Ethereum)
Who is the Co-founder of BNB?
The co-founder of BNB is Changpeng Zhao, widely known as CZ.
🔹 About CZ (Changpeng Zhao):
Founder & Former CEO of Binance
Born in China, raised in Canada
Background in computer science and finance
Previously worked at Bloomberg and Fusion Systems
Launched Binance in July 2017, and BNB was created at the same time as part of the Binance ICO (Initial Coin Offering)
Note: While CZ is the most well-known figure, Binance was co-founded by several other contributors, including He Yi, who played a key role in Binance's early development and marketing.
Let me know if you'd like a timeline of BNB's growth, CZ's story, or how BNB compares to other cryptocurrencies like ETH or SOL.
