$BNB What is Binance Coin (BNB) and how does it work?

The cryptocurrency and blockchain industry encompasses numerous projects and assets with different objectives. It is not uncommon to find projects that seek to address similar needs.

For example, there are several cryptocurrency exchange platforms. While each platform may vary in its structure and features, its goal is to provide cryptocurrency traders a place to exchange their assets in a broader sense. Occasionally, a cryptocurrency exchange platform may have its own asset that is used for certain purposes on the related platform, such as discounts on trading platform fees.