Here are 5 key facts about BNB (Binance Coin):

1. Launched by Binance: BNB was created in 2017 by Binance, one of the world’s largest cryptocurrency exchanges. It was initially used to offer discounted trading fees on the platform.

2. Originally an ERC-20 Token: BNB started as a token on the Ethereum blockchain, but later migrated to Binance’s own blockchain, the BNB Chain (formerly Binance Smart Chain and Binance Chain).

3. Dual Utility: BNB is used for trading fee discounts, token sales, staking, DeFi, and NFT platforms on the BNB Chain, making it a versatile utility token.

4. Quarterly Burns: Binance conducts quarterly token burns, where it permanently destroys a portion of BNB to reduce supply and potentially increase value.

5. BNB Chain Ecosystem: BNB powers the BNB Chain, which supports smart contracts, dApps, and is known for its low transaction fees and fast processing times, attracting many DeFi projects.$BNB