Kim?:
It was created by Binance founder Changpeng Zhao (CZ) in 2017.
The development of BNB is done by the Binance team.
What?:
Binance Coin (BNB) is the official cryptocurrency of the Binance cryptocurrency exchange.
BNB qualifies as a utility token.
While BNB was originally a token built on the Ethereum Blockchain (ERC-20), Binance has switched to its own blockchain, Binance Chain.
BNB uses the BEP-2 standard.
When?:
BNB's initial coin offering (ICO) took place in July 2017.
Binance Chain transitioned to the mainnet in April 2019.
Where?:
BNB is primarily used on the Binance exchange.
BNB is also listed and traded on other cryptocurrency exchanges.
BNB can also be used on decentralized exchanges such as Binance DEX.
BNB can also be used on some platforms that accept cryptocurrency payments.
From where?:
The main purpose of creating BNB was to provide benefits to Binance users on the platform.
By holding BNB, users can reduce transaction fees, gain priority access to newly released cryptocurrencies, and benefit from other services.
BNB can be used to invest in newly released cryptocurrencies on the Binance Launchpad platform.
BNB can be used to own the Binance Visa Card.
Passive income can be earned by staking BNB on the Binance Staking platform.
BNB can be used to donate on the Binance Charity platform.
How?:
BNB runs on the Binance Chain infrastructure.
The total supply of BNB is limited and is 200 million.
Every quarter, Binance burns a portion of its profits to reduce the supply of BNB in the market. In this way, it is aimed for BNB to gain value in the long term.
BNB can be purchased on Binance exchange and other cryptocurrency exchanges.
BNB can also be traded on decentralized exchanges such as Binance DEX.
BNB can be stored in cryptocurrency wallets.
Additional Information:
BNB can be tracked on platforms such as CoinMarketCap and CoinGecko.
For detailed information about BNB, you can visit Binance official website and blog.