What is the BNB digital currency project?
Binance Coin, or BNB, is a native digital currency of the Binance cryptocurrency trading platform that was created on the Ethereum blockchain using the ERC20 standard. Binance has issued a maximum of 200 million BNB. The coin was launched in July 2017, through an Initial Coin Offering (ICO) that placed 20 million BNB to angel investors, 80 million to project contributors and the remaining 100 million to several people who participated in the ICO. The funds raised by selling BNB were used for Binance platform development, branding and marketing. A percentage of the investment was also spent on adding the necessary upgrades to the Binance cryptocurrency trading platform