Binance Currency: BNB (Build and Build)

BNB is the native utility token of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on Ethereum. It was later migrated to Binance’s own blockchain infrastructure — BNB Chain, which includes

BNB Beacon Chain (formerly Binance Chain): Used for governance.

BNB Smart Chain (BSC): A smart contract platform compatible with Ethereum’s EVM, designed for fast and low-cost DeFi and dApp development.

Key Uses of BNB:

Trading fee discountson Binance eexchangeTransaction fees on BNB Chain.

Payment method at merchants who accept BNB.

Participation in token sales on Binance Launchpad.

Staking and DeFi applications.

NFTs, gaming, and more on the BNB Smar

t Chain.

Tokenomics (as of 2025):

Initial supply: 200 million BNB.

Burn mechanism: Binance uses a portion of profits to burn (destroy) BNB regularly, reducing total supply.

Circulating supply: ~150 million BNB (subject to change based on burns).

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