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XuanSangp2
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The Development of BNB
Below is an analysis of the development of BNB (Binance Coin) — from its origin, initial functions to its current role in the blockchain ecosystem and market performance:
🧠 1. Origin and Initial Phase
BNB was launched in 2017 through an ICO (Initial Coin Offering) at a public sale price of about $0.15/token, aimed at raising capital for Binance — the newly established cryptocurrency trading platform at that time. Initially, BNB was a utility token used to reduce trading fees on the Binance exchange and was an ERC-20 token on Ethereum.
🧠 1. Origin and Initial Phase
BNB was launched in 2017 through an ICO (Initial Coin Offering) at a public sale price of about $0.15/token, aimed at raising capital for Binance — the newly established cryptocurrency trading platform at that time. Initially, BNB was a utility token used to reduce trading fees on the Binance exchange and was an ERC-20 token on Ethereum.
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