📖 History of Binance & Evolution of $BNB BNB Token
Introduction
Founded in 2017 by Changpeng Zhao (CZ), Binance quickly became the largest crypto exchange in just 6 months. Its native token, BNB (Binance Coin), has been a key driver of this success.
Birth of $BNB
Launched in July 2017 via an ICO, raising $15 million.
Initially an ERC-20 token on Ethereum.
Purpose: Trading fee discounts on Binance.
Evolution of $BNB
2019: Migrated to Binance Chain as its native currency.
2020: Binance Smart Chain (BSC) launched → BNB became fuel for transactions, staking, and DeFi.
Utility Growth: Payments, travel bookings, Launchpad, NFTs, staking, and more.
BNB Burn Mechanism
Every quarter, Binance buys back and burns BNB → reducing supply and increasing long-term value.
Today
Binance serves millions worldwide.
BNB is consistently in the top 5 cryptocurrencies.
Evolved from a discount token into a multi-utility digital asset.
