Binance Coin (BNB): The Power Behind the Binance Ecosystem
Binance Coin, commonly known as BNB, is the official cryptocurrency of the Binance exchange — one of the world’s largest crypto trading platforms. Launched in 2017, BNB was originally created to offer users discounts on trading fees, but it has grown far beyond that.
Today, BNB is used for a wide range of purposes:
Paying trading fees on Binance
Booking travel and buying goods
Participating in token sales
And even for DeFi (Decentralized Finance) projects
BNB also plays a key role in Binance Smart Chain (BSC), a blockchain platform for building fast and low-cost decentralized applications. This has made BNB more valuable and useful over time.
With regular token “burns” (where Binance permanently removes some BNB from circulation), the supply goes down — which can help support its price.
Key Takeaway:
BNB is more than just a trading token. It’s a major part of the growing Binance ecosystem, with real-world use and long-term potential.
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