#BitwiseBitcoinEFT $BNB

BNB is a cryptocurrency that can be used both for trading and to pay fees on the Binance cryptocurrency exchange. Additionally, BNB is the cryptocurrency that powers the entire BNB Chain ecosystem. As one of the most popular utility tokens in the world, BNB can be used for a wide variety of uses and benefits.

It was launched through an Initial Coin Offering (ICO) held from June 26 to July 3, 2017, 11 days before the Binance exchange was enabled for trading. The issuance price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, the token does not grant users rights to the profits generated by Binance, nor does it represent an investment in Binance.

With various applications both within the BNB Chain ecosystem and outside of it, BNB serves multiple purposes. Although it was originally launched as an ERC-20 token on the Ethereum blockchain, BNB has now migrated to the BNB Chain mainnet. Furthermore, although the initial total supply was set at 200 million coins, this has gradually decreased due to frequent coin burns. The price of BNB is updated and available in real-time on Binance.