Binance coin is a limited cryptocurrency. It has a maximum supply of 200 million Binance coins. All of the Binance coins in existence were created when the Binance cryptocurrency exchange launched its Initial Coin Offering (ICO) in July 2017. The ICO raised $15 million and created 100 million Binance coins.
The other 100 million Binance coins were allocated to the team and advisers who helped launch the exchange. Binance has since used 20% of its profits each quarter to buy back and destroy Binance coins, in an effort to reduce supply and increase scarcity. As of March 2018, there were approximately 152 million Binance coins in circulation.