BNB was sent off through an Initial Coin Offering (or ICO) that occurred from June 26th to July third, 2017 - 11 days before the Binance Exchange opened for exchanging. The issue cost was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Despite the fact that BNB was sent off through an ICO, BNB doesn't give clients a case on Binance benefits and doesn't address an interest in Binance.
BNB was initially given as an ERC-20 token, running on the Ethereum organization, with a complete stock of 200 million coins. 100 million BNB was presented in the ICO, however the ongoing absolute inventory is lower because of occasional consuming occasions and a continuous consuming instrument. If you have any desire to find out about coin consumes, and why BNBs are for all time annihilated, look at What Is a Coin Burn?.
Albeit at first in view of the Ethereum organization, the ERC-20 BNB tokens were subsequently traded with BEP-2 BNB at a 1:1 proportion. The BEP-2 BNB is the local coin of the Binance Chain, and the mainnet send off was declared on April eighteenth, 2019.
In September 2020, Binance sent off the BNB Smart Chain (BSC, previous Binance Smart Chain), a blockchain network that runs in lined up with the BNB Beacon Chain. This implies that you can now track down BNB in three distinct structures:
BNB BEP-20 on the BNB Beacon Chain (previous Binance Chain).
BNB BEP-20 on the BNB Smart Chain(former Binance Smart Chain).
BNB ERC-20 on the Ethereum organization.
What is BNB utilized for?
As referenced, BNB has many use cases both inside the BNB Chain biological system and somewhere else, so it depends on you to choose how to utilize your BNB. For example, you can utilize BNB to pay for your movement costs, purchase virtual presents, and considerably more. We assessed that great many BNB had been consumed by clients for movement costs, installment of products, for loaning, for remunerations, to make shrewd agreements, and for different exchanges.
Many individuals likewise use BNB to pay exchange charges. On Binance's exchanging stage alone, around 2,000,000 clients have utilized BNB to pay for exchanging expenses adding up to in excess of 40 million BNB on in excess of 127 billion exchanges. How about we investigate how BNB can assist you with exchanging expenses.
While exchanging cryptographic forms of money on the Binance Exchange, each exchange will bring about a standard charge of 0.1% (exchanging still up in the air by your month to month exchanging volume and BNB possessions). You can either pay the exchanging expenses utilizing the resources you are exchanging, or you can pay for them with BNB. Assuming you decide to pay in BNB, you will get a unique markdown.
In this way, in the event that you exchange a great deal on Binance, you ought to consider getting BNB and utilizing them to pay for your expenses. Remember that the allowance for exchanging expenses follows a particular timetable, so make a point to check the ongoing spot exchanging Fee Schedule. It's likewise important that the Binance Futures stage follows a marginally unique Fee Schedule.
Aside from limited exchanging expenses, BNB is likewise controlling the Binance DEX (on the Binance Beacon Chain) and many applications that are running on the BNB Smart Chain (BSC), and that implies that you can utilize BNB outside the Binance exchanging stage also. Without a doubt, in excess of 180 advanced resources have been given on BSC, and a large number of clients have consumed BNB for utility purposes regarding BSC.

Source Reference Links*:
1. https://www.euromoney.com/learning/blockchain-explained/what-is-blockchain/
2. https://en.wikipedia.org/wiki/Blockchain/
3. https://www.newscientist.com/definition/bitcoin/
4. https://www.investopedia.com/terms/e/ethereum.asp
5. https://ethereum.org/en/developers/docs/standards/tokens
6. https://academy.binance.com/en/articles/what-is-bnb/