$BNB BNB is the native cryptocurrency of the Binance platform, which is one of the largest cryptocurrency trading platforms in the world. It was launched in 2017, and its original name was Binance Coin, with the symbol BNB.
Uses of BNB:
1. Discounts on trading fees on the Binance platform.
2. Payment for services on several platforms that accept BNB.
3. Participation in new token launch projects on the Binance Launchpad.
4. Coin burning: Binance periodically burns a portion of BNB tokens to reduce supply and increase value.
Technical details:
Type: Cryptocurrency (Token)
Blockchain: Initially started as an ERC-20 token on the Ethereum network, but now operates on its own network called BNB Chain (which includes BNB Beacon Chain and BNB Smart Chain).
Maximum supply: 200 million BNB (with periodic burn operations to reduce the circulating amount).
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