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What is Binance (BNB)?

Binance’s native exchange token was launched as an ERC20 digital asset on the Ethereum network. 200 million tokens were issued at launch, 40% of which were reserved for the Binance team, 10% for angel investors, while the remaining half was sold to ICO investors at an initial sale price of $0.15 per BNB coin.

How much money did Binance raise in the BNB ICO?

Binance raised $15 million in the ICO sale of 100 million BNB tokens – it used the funds raised in the public sale for exchange platform upgrades, marketing, and education initiatives. How many tokens were sold in the BNB ICO? 100 million BNB coins, or half of the total BNB supply, were reserved for the initial coin offering campaign.

What is the ICO for Binance coin (BNB)?

The ICO for Binance Coin (BNB) was organized by the Binance cryptocurrency exchange. BNB was designed to give Binance users the opportunity to trade digital assets with discounted trading fees and the ability to participate in initial exchange offerings (IEOs) and other promotions. There is no active stage at the moment.

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