BNB was launched through the initial coin offering ("ICO") event held from June 26 to July 3, 2017. 11 days later, the Binance trading platform officially opened for trading. Its initial issuance price is 1 Ethereum and 1 Bitcoin, which can be exchanged for 2,700 Binance Coins and 20,000 Binance Coins, respectively. Although BNB is issued through an ICO, the holder of BNB is not a shareholder of Binance, nor is it an investor in Binance. The original BNB issued was an ERC-20 token circulating...
