$BNB Complete history
Here's a comprehensive overview of Binance Coin's (BNB) history:
*Early Beginnings*
Binance Coin was launched in July 2017 by Changpeng Zhao, the founder of Binance, the largest cryptocurrency exchange globally ¹. Initially, the token was based on the Ethereum blockchain as an ERC-20 token.
*Initial Coin Offering (ICO)*
During its ICO, Binance raised $15 million by selling 200 million BNB tokens. The token's initial price was around 10 cents, and it has since grown to become one of the top cryptocurrencies by market capitalization ¹.
*Binance Chain and Smart Chain*
In 2019, Binance launched its own blockchain, Binance Chain, and later introduced Binance Smart Chain, which supports smart contracts and decentralized applications (dApps) ².
*Auto-Burn Mechanism*
Binance has implemented an auto-burn mechanism, which reduces the total supply of BNB tokens. This mechanism is designed to increase the token's value over time ².
*Price History*
BNB's price has experienced significant fluctuations since its launch. According to CoinMarketCap, the token's all-time high was $793.35 on December 4, 2024, while its all-time low was $0.09611 on August 1, 2017 ².
*Current Status*
As of January 30, 2025, BNB's market capitalization is around $94.81 billion, with a circulating supply of 142.48 million tokens ².