The Binance Coin or popularly known as BNB is a coin from Binance exchange which runs on Binance chain. Earlier it was based on Ethereum blockchain and then through Binance Chain Mainnet Swap moved to the Binance chain. It is basically a utility token and can be used on the Binance platform for trading. Trading done through BNB is cheaper when it comes to transaction fees.
BNB coin was launched through ICO with an issue price of $0.15 and its all-time high is $690 USD.
An interesting fact about Binance Coin (BNB) is that every quarter Binance will destroy BNB coins until they destroy 50% of them. This will mainly depend upon trading volume on their crypto-to-crypto platform. More info on Binance Coin (BNB).
