$BNB BNB Binance Coin was released in July 2017 during the ICO. Its main purpose was to attract investment for the development of the Binance exchange. Initially, the BNB token standard was ERC-20, which operated on the Ethereum blockchain, and was not available for mining. On April 18, 2019, Binance Chain was launched, and all BNB tokens were transferred to the blockchain within five days. Under the terms of the ICO, 50% of Binance Coin tokens were distributed among investors, the team received 40% and 10% – venture investors. The team managed to raise $ 15 million; the exchange was supported mainly by investors from China. This amount is not very impressive, because some projects raise larger amounts without a working business and product. Half of the funds were used for advertising and brand promotion, 35% – for platform development, modernization and security, and the remaining 15% were directed to the reserve fund.