The BNB coin, also known as Binance Coin, is the native digital currency of the Binance ecosystem. It was launched in 2017 through an initial coin offering (ICO) as an ERC-20 token on the Ethereum blockchain, and later transitioned to the Binance blockchain.

## Uses of BNB Coin

- *Fee Reduction*: BNB can be used to pay trading fees on the Binance platform, with a 50% discount in the first year, gradually decreasing thereafter.

- *Investment in Initial Coin Offerings*: BNB can be used to invest in initial coin offerings (IEOs) on the Binance platform.

- *Paying Fees on BNB Chain*: BNB is used to pay fees for activities on the BNB Chain.

## Information about BNB Price

- *Current Price*: The price of BNB is approximately $850.14, with a rise of 6.45% in one day.

- *Market Capitalization*: The market capitalization of BNB is approximately $118.4 billion.

- *Maximum Supply*: The maximum supply of BNB is 139.28 million units.

## Future of BNB Coin

The BNB coin continues to evolve, with plans for future enhancements and updates. BNB is burned every quarter based on a specific formula, which may affect its price ¹.$BNB