Binance

 Binance coin BNB (july 2017)

Binance Coin (BNB) is a cryptocurrency that was created by Binance, one of the world's largest cryptocurrency exchanges, in 2017. Binance Coin is an ERC-20 token that was initially launched on the Ethereum blockchain, but it has since migrated to its own blockchain called the Binance Chain.

Binance Coin is used primarily to pay for transaction fees on the Binance exchange, and users can also use it to pay for other services offered by Binance, such as trading fees and listing fees. Binance has also introduced a range of other use cases for BNB, such as allowing users to use BNB to purchase virtual gifts on Binance's social media platform, and using BNB to participate in initial exchange offerings (IEOs).

One of the unique features of Binance Coin is that Binance buys back and burns a portion of BNB tokens every quarter until 50% of the total supply is burned, which is intended to increase the token's scarcity and potentially increase its value over time.

Binance Coin has become one of the top 10 cryptocurrencies by market capitalization and has experienced significant growth in value since its launch. However, as with any cryptocurrency, investing in Binance Coin carries significant risks due to its volatile nature and the lack of regulation in the cryptocurrency market.