Binance Coin (BNB)

Business & Management
#1

The platform’s internal token is Binance Coin (BNB). It’s utilized on the Binance exchange to make crypto trading easier. The coin was released in July 2017 as part of an initial coin offering (ICO). During the ICO process, Binance distributed 20 million BNB tokens to angel investors, 80 million tokens to the founding team, and the remaining 100 million tokens to other participants.