In this video, we will talk about Binance coin aka BNB. what it is and how does it work. So make sure to watch the video till the end to know more. When the Binance exchange was opened, BNB, which had originally been an asset offered in the firm's initial coin offering, became a mechanism for users to pay lower trading costs. The value of BNB fluctuates as it is used and traded, much like other digital assets available on the market. A Binance Coin: What Is It? The BNB coin was first developed as a means of raising capital for the Binance exchange. The BNB chain is concentrated on the governance of the BNB Chain, which enables BNB holders to take part in staking and voting. BNB also has a BNB Pioneer Burn Program which deducts the amount from the next BNB burn. The adoption of Binance Coin is consistent with Binance's expansion. Binance Coin's market cap has grown to a valuation of $70 billion. During Binance's ICO, BNB sold for about $0.10 per token. BNB can be used to invest in stocks, exchange-traded funds (ETFs) and other assets. The future will reveal where BNB's price will head.More Info