The Binance Coin is an Ethereum-based token that allows users to receive a discount for any fees on the Binance platform, a pure cryptocurrency exchange that plans to create a decentralized exchange for blockchain assets. BNB also gives users access to special features and will be used to power the upcoming decentralized exchange.
Changpeng Zhao: CEO
Roger Wang: CTO
James Hofbauer: Chief Architect
Paul Jankunas: VP of Engineering
Binance held its ICO on the 27th of June, with the ICO supply representing half of the total 200M token supply. The ICO ended on the second of July.