User-rolex07
i am student of Sonargaon University in Dhaka. and also binance user
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What is BNB?
BNB was launched through an Initial Coin Offering (or ICO) that took place from June 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, BNB does not provide users with a claim on Binance profits and does not represent an investment in Binance.
BNB was originally issued as an ERC-20 token, running on the Ethereum network, with a total supply of 200 million coins. 100 million BNB was offered in the ICO, but the current total supply is lower due to periodic burning events and a real-time burning mechanism. If you want to know more about coin burns, and why BNBs are being permanently destroyed, check out What Is a Coin Burn?.
Although initially based on the Ethereum network, the ERC-20 BNB tokens were later swapped with BEP-2 BNB at a 1:1 ratio. The BEP-2 BNB is the native coin of the Binance Chain, and the mainnet launch was announced on April 18th, 2019.
In September 2020, Binance launched the BNB Smart Chain, a blockchain network that runs in parallel with the BNB Beacon Chain. This means that you can now find BNB in three different forms:
BNB BEP-2 on the BNB Beacon Chain (formerly Binance Chain).
BNB BEP-20 on the BNB Smart Chain(formerly Binance Smart Chain).
BNB ERC-20 on the Ethereum network.
Click here to check the latest BNB prices.
BNB was launched through an Initial Coin Offering (or ICO) that took place from June 26th to July 3rd, 2017 - 11 days before the Binance Exchange opened for trading. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched through an ICO, BNB does not provide users with a claim on Binance profits and does not represent an investment in Binance.
BNB was originally issued as an ERC-20 token, running on the Ethereum network, with a total supply of 200 million coins. 100 million BNB was offered in the ICO, but the current total supply is lower due to periodic burning events and a real-time burning mechanism. If you want to know more about coin burns, and why BNBs are being permanently destroyed, check out What Is a Coin Burn?.
Although initially based on the Ethereum network, the ERC-20 BNB tokens were later swapped with BEP-2 BNB at a 1:1 ratio. The BEP-2 BNB is the native coin of the Binance Chain, and the mainnet launch was announced on April 18th, 2019.
In September 2020, Binance launched the BNB Smart Chain, a blockchain network that runs in parallel with the BNB Beacon Chain. This means that you can now find BNB in three different forms:
BNB BEP-2 on the BNB Beacon Chain (formerly Binance Chain).
BNB BEP-20 on the BNB Smart Chain(formerly Binance Smart Chain).
BNB ERC-20 on the Ethereum network.
Click here to check the latest BNB prices.
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