1. BNB (Binance Coin)
• Fundamentals:
• BNB is the official coin of the Binance exchange, one of the largest exchanges in the world.
• Used to reduce transaction fees, staking, participate in Launchpad programs, and many other applications in the Binance ecosystem.
• Binance regularly conducts token burns (burning BNB), helping to reduce supply and increase the value of the coin.
• The development of Binance Smart Chain (BSC) has propelled BNB to become one of the key coins in the DeFi and NFT ecosystem.