Binance Coin (BNB) was born in July 2017 when Binance exchange announced the launch of Binance Coin (BNB), its native token. The initial coin offering (ICO) for Binance Coin was held in July 2017 and raised $15 million in just two weeks. The total supply of BNB is capped at 200 million tokens. Binance Coin has several use cases within the Binance ecosystem. First and foremost, it can be used to pay for trading fees on the Binance exchange.
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