Launched through an Initial Coin Offering (ICO) from June 26th to July 3rd, 2017, BNB was initially issued as an ERC-20 token on the Ethereum network with a total supply of 200 million coins, though the current supply is lower due to periodic and real-time burning events. BNB is widely used within the BNB Chain ecosystem and beyond, for purposes such as paying for travel, virtual gifts, lending, rewards, creating smart contracts, and various transactions. ‍ It is also popular for paying transaction fees on the Binance trading platform, where approximately two million users have used BNB to cover fees for over 127 billion trades, benefiting from a special discount. Additionally, BNB powers the Binance DEX on the Binance Beacon Chain and supports hundreds of applications on the BNB Smart Chain (BSC)