BNB is a type of cryptocurrency that can be utilized to pay fees and trade on the Binance exchange. As of January 2018, the exchange handled over 1.4 million transactions per second, making it one of the largest cryptocurrency exchanges in the world.

As an incentive, users of Binance Coin can receive a discount on their transactions on the Binance Exchange. BNB can also be traded or used for other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.

In July 2017, Binance Coin was created using the Ethereum blockchain. It then became the native currency of the Binance Chain, which is a blockchain that the company uses.

The initial coin offering (ICO) of Binance Coin was conducted in July 2017. BNB tokens were distributed to various participants, such as the company’s founders and angel investors.

In 2017, Binance was initially created as a utility token that can be used to pay for the trading fees on the exchange. Since then, its usage has expanded to other platforms. It can be used to pay for transactions on the Binance Chain, Binance.com, and DEX.

People can use BNB to make payments at various places, such as HTC, Crypto.com, and Trip.io. It can also be used to book travel accommodations, make payments for virtual gifts, and pay for online services, such as those offered by Storm, Canva, and BitTorrent. In addition, it can be used to make investments at Moeda and take out a loan at Etherend.

BNB can also be used to invest in initial coin offerings (ICOs) that are listed on the Binance exchange. Through its platform, users can easily trade various cryptocurrencies. New cryptocurrencies are added to the list every day on the exchange, and trading on these is seamless.

In addition to being used on the Binance exchange, BNB has also received support from various partnerships. One of these is its partnership with Uplive, a live video streaming platform in Asia. Through this partnership, BNB can be used to purchase virtual gifts for Uplive’s 20 million users.

Besides being supported by the platform and its mobile app, Binance coin can also be used to make payments using the VISA debit card of Monaco, a pioneering payment and cryptocurrency platform.

Creating token on BSC

You can easily create your own token on BSC on MoonDeploy!