Launched in July 2017 as Binance’s native token, BNB has grown from just $0.06 to over $700 in eight years — marking a massive 10,000x increase in value. Initially issued on Ethereum, BNB later migrated to the BNB Chain, evolving into a cornerstone of the Binance ecosystem.
The ICO raised $15 million, offering 100 million tokens to the public. As the Binance ecosystem grew, BNB became integral to trading, fees, and blockchain operations. By 2021, it was the third-largest cryptocurrency by market cap and now holds the fifth spot at $98.4 billion.
Binance’s token burn programs, including the automated BNB Auto-Burn, have reduced the total supply to about 139.28 million, creating scarcity and driving value. BNB’s deflationary mechanism continues to attract long-term investors.
Institutional interest is also on the rise, with some companies adding BNB to their treasuries — one reportedly aiming for a $1 billion allocation. As BNB celebrates eight years, it stands as a symbol of crypto innovation and long-term growth.
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