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Binance Coin (BNB) is the cryptocurrency coin that powers the BNB chain ecosystem. It serves as the utility token for the Binance cryptocurrency exchange. The Binance coin BNB was created in July 2017 by Changpeng Zhao. The value of BNB remains growing since Binance redeems 20% of the tokens each quarter using its burndown policy. Binance has an amount of influence over the value of the cryptocurrency it exchanges. It is highly dependent on the respect and value users put on Binance.