#TradersLeauge
Why does BNB matter?
Lower trading fees
Paying Binance exchange fees in BNB grants discounts—historically up to 25%, though structured by year—offering real savings to users
support.btcdirect.eu
reddit.com
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reddit.com
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reddit.com
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Gas for Binance Blockchains
BNB powers transactions and smart contracts on the BNB Beacon Chain (governance) and BNB Smart Chain (EVM-compatible dApps)
en.wikipedia.org
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academy.binance.com
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realvision.com
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You said:
https://openai.com/index/chatgpt/ Bainance coin means
ChatGPT said:
Binance Coin (ticker: BNB) is the native cryptocurrency of the Binance ecosystem, created in July 2017 during an ICO. Here's what it means and how it’s used:
🔎 What is BNB?
Originally launched as an ERC-20 token on Ethereum, BNB migrated to Binance’s own blockchains—BNB Beacon Chain and BNB Smart Chain—in 2019
Total supply started at 200 million BNB, but Binance regularly “burns” (destroys) tokens using a portion of profits or gas fees to reduce supply, aiming to ultimately reach 100 million BNB
