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BNB (BNB): Binance Coin (BNB) is the cryptocurrency that supports the entire BNB Chain ecosystem and is also the native token of the BNB Beacon Chain and BNBSmart Chain, which is available for payment transactions on the Binance cryptocurrency exchange platform. As one of the most popular utility tokens in the world, Binance is rich in use cases and versatile. BNB was launched through an initial coin offering (ICO) event held from June 26 to July 3, 2017. Eleven days later, the Binance trading platform was officially opened for trading. Its initial issue price is 1ETH and 1 BTC convertible, respectively 2,700 BNB and 20,000 BNB. Although BNB was issued through an ICO, the holders of BNB are not Binance shareholders, nor are they investors in Binance. BNB has a wide range of uses both inside and outside the BNB Chain ecosystem. BNB was originally issued on the Ethereum blockchain in the form of ERC-20 tokens, but has now been moved to the BNB Chain main chain. The initial total supply of BNB was 200 million, and the number gradually declined after being destroyed several times. The current price of BNB can be obtained and updated in real time on Binance.
