Binance Coin (BNB) is the cryptocurrency that supports the entire BNB Chain ecosystem, and it is the native token of the BNB Beacon Chain and BNB Smart Chain, which can be used for payments on the Binance cryptocurrency exchange.

As one of the most popular utility tokens worldwide, Binance Coin has a rich array of use cases and wide-ranging applications.

BNB was launched through an Initial Coin Offering (ICO) held from June 26 to July 3, 2017. Eleven days later, the Binance trading platform officially opened for trading. Its initial issuance price was 1 ETH and 1 BTC for 2,700 BNB and 20,000 BNB, respectively. Although BNB was issued through the ICO, BNB holders are not shareholders of Binance, nor are they investors in Binance.

BNB has extensive uses both within and outside the BNB Chain ecosystem. BNB was initially issued as an ERC-20 token on the Ethereum blockchain but has since migrated to the BNB Chain mainnet. The initial total supply of BNB was 200 million coins, which has gradually decreased after multiple burns. The current price of BNB can be obtained and updated in real-time on Binance. $BNB
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