Binance Coin (BNB-USD)

Binance Coin (BNB) is a cryptocurrency that was sold in an initial coin offering (ICO) by the Binance cryptocurrency exchange. Binance raised around $15 million through its ICO by selling 100 million BNB tokens (half of the total supply). BNB is not mined, but the entire supply of 200 million was minted at launch. Holding the token provides trading fee discounts on the Bance exchange. The Binance exchange was launched in July of 2017 - with the exchange’s rapid rise to the top of the industry, the BNB has also advanced up the market cap rankings.