$BNB $BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world's largest and most popular cryptocurrency exchanges. Launched in 2017 through an Initial Coin Offering (ICO), BNB has grown to become one of the most valuable and widely used cryptocurrencies in the blockchain ecosystem. Here’s an overview of $BNB and its significance:

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### **Key Features of BNB:**

1. **Utility Token**:

- BNB was initially created as a utility token for the Binance ecosystem, primarily used to pay for trading fees on the Binance exchange. Users who pay fees with BNB receive significant discounts.

- Over time, its use cases have expanded to include participation in token sales, staking, and more.

2. **Binance Smart Chain (BSC)**:

- BNB powers the Binance Smart Chain, a blockchain platform designed for decentralized applications (dApps) and smart contracts. BSC is compatible with Ethereum's ecosystem, making it a popular choice for developers and users seeking lower transaction fees and faster processing times.

3. **Token Burns**:

- Binance conducts periodic "burns" of BNB tokens, where a portion of the supply is permanently removed from circulation. This deflationary mechanism helps maintain the token's value over time.