BNB (Binance Coin) is the digital currency of the Binance platform, one of the largest trading platforms in the world. It was launched in 2017, initially on the Ethereum network (as an ERC-20), and later moved to its own Binance Chain.
Here are the key details about BNB:
Uses:
Pay trading fees on the Binance platform at a discount.
Purchase goods and services from stores and companies that accept BNB.
Participate in new projects through the "Binance Launchpad".
Use it in DeFi (decentralized finance) and Staking on the Binance Smart Chain (BSC).
Blockchain:
Binance Smart Chain (BSC): A fast and inexpensive network that allows for the development of decentralized applications (DApps) and decentralized trading.