$BNB (Binance Coin) is a popular cryptocurrency created by Binance, one of the largest cryptocurrency exchanges in the world. It was launched in 2017 as a utility token to offer discounts on trading fees within the Binance platform. Over time, BNB has grown beyond its original use and now plays an important role in the broader crypto ecosystem.
BNB runs on its own blockchain called Binance Chain and also supports smart contracts through Binance Smart Chain (BSC). It is widely used for various purposes, such as paying for transaction fees, participating in token sales on Binance Launchpad, and even for travel bookings and shopping through certain merchants.
One of the unique features of BNB is its quarterly "burn" system, where Binance destroys (burns) a portion of BNB tokens to reduce supply and potentially increase value. This process helps maintain the coin’s long-term value.
Today, $BNB is among the top cryptocurrencies by market capitalization and is considered a strong and reliable digital asset. With its growing use and the strength of Binance behind it, BNB remains a coin to watch in the world of digital finance. Whether you're a trader or investor, BNB offers multiple benefits worth exploring.
