1: BNB #BNB is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world.
2: Binance Coin (BNB) was launched through an Initial Coin Offering (ICO) in July 2017, and initially was issued as an ERC-20 token on the Ethereum blockchain.
3: Binance Coin #BNB has a market capitalization of over $90 billion, making it one of the top 5 cryptocurrencies by market capitalization.
4: Binance Coin has a total supply of 170 million coins, with around 154 million currently in circulation.
5: Binance Coin #BNB is used to pay transaction fees on the Binance exchange and can also be used to pay for goods and services on various online and offline platforms.
6: Binance Coin has been used to fund various blockchain projects through Binance's Launchpad platform, including projects like Fetch.AI, Celer Network, and Band Protocol.
7: In 2021, Binance Coin #BNB saw a tremendous price increase, surging from around $38 at the start of the year to a high of over $680 in May.
8: Binance has its own blockchain, called the Binance Smart Chain, which supports smart contracts and allows for the development of decentralized applications (dApps) that use Binance Coin.
9: Binance Coin #BNB holders can participate in the Binance Launchpool, where they can earn rewards by staking their coins in certain projects.
10: Binance Coin has a burn mechanism in place, where Binance burns a portion of the BNB tokens in circulation every quarter, reducing the total supply and potentially increasing the value of each remaining token.
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