#USConsumerConfidence What is the BNB cryptocurrency project?

Binance Coin, or what is symbolized by BNB, is a native digital currency of the Binance cryptocurrency exchange platform that was created on the Ethereum blockchain using the ERC20 standard. Binance issued a maximum of 200 million BNB. The currency was launched in July 2017, through an initial coin offering (ICO) that allocated 20 million BNB to angel investors, 80 million to project contributors, and the remaining 100 million to various people who participated in the ICO. The funds raised by selling BNB were used to develop the Binance platform, branding, and marketing. A percentage of the investment was also spent on adding the necessary upgrades to the Binance cryptocurrency exchange platform.