BNB is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange. BNB is also the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world's most popular utility tokens, BNB is useful to users in a wide range of applications and use cases.
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 has several applications and use cases: Reduced trading fees on the Binance exchange; Pay for trading fees on Binance DEX (Decentralized Exchange); Pay for transaction fees on the BNB Beacon Chain; Pay for transaction fees on the BNB Smart Chain; Pay for goods and services for both online and in-store purchases (e.g., using Binance Card or Binance Pay); Book hotels, flights, and more at Travala.com; Community utility token on the BNB Chain ecosystem (such as games and DApps); Participate in token sales hosted on the Binance Launchpad; Donate on Binance Charity; and Provide liquidity on Binance Liquid Swap.
How Much Will BNB Be Worth in Future?
Check out our BNB Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.