BNB, or Binance Coin, is the native cryptocurrency of the Binance platform, which is one of the largest cryptocurrency exchanges globally. Here are some key points about BNB ¹:

- *Uses*: BNB can be used for various purposes, including:

- *Trading Fees*: Paying trading fees on the Binance platform with discounted rates

- *Token Sales*: Participating in token sales on Binance Launchpad

- *Online Purchases*: Buying goods and services from merchants who accept BNB

- *Tokenomics*: BNB has a limited supply, with a total supply of around 200 million tokens. Binance regularly burns BNB tokens to reduce the total supply and increase its value.

- *Blockchain*: BNB initially operated on the Ethereum blockchain as an ERC-20 token but later migrated to Binance Smart Chain (BSC), a blockchain platform developed by Binance.

- *Growth*: BNB has shown significant growth since its inception, making it a popular investment option for those interested in cryptocurrency.

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