Peace be upon you. We will present to you a series of introductions to digital currencies.

Today we start with the BNB currency.

What is the Binance Coin currency?

The Binance Coin currency - abbreviated as BNB currency - is a digital cryptocurrency developed by the largest digital currency exchange in the world, Binance. It was first issued in 2017 through an initial public offering (ICO) carried out by Binance; during this offering, 100 million coins were sold at a value of $ 0.10. Starting from the second year directly, the currency began to grow and gain more attention. The highest price that the currency has recorded since its launch until today has exceeded $ 700.

One of the reasons for the great popularity and rapid spread of the currency is that the Binance Token was very innovative, as users who bought the token and used it as a means of paying transaction fees were rewarded with a 50% discount. Most users would take advantage of the tokens to buy more Bitcoin, or other cryptocurrencies, all of which contributed to the increased demand for the then-promising coin.

The excellent management of the exchange platform helped it attract millions of users.  The coin exchange space was very competitive, and Binance managed to rise to become one of the top 3 companies in the market.  On most days, it is the largest exchange worldwide in terms of trading volume.