#ArbitrageTradingStrategy BNB (Build and Build) is the native cryptocurrency of the BNB Chain, which powers the Binance ecosystem. Here's a quick overview:

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🔹 What is BNB?

BNB was originally launched in 2017 as Binance Coin, an ERC-20 token on Ethereum. It was later moved to Binance Chain, and now primarily operates on the BNB Smart Chain (BSC) — a blockchain that supports smart contracts and decentralized apps (DApps).

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🔹 Main Uses of BNB:

1. Trading Fee Discounts on Binance Exchange

2. Gas Fees on BNB Smart Chain

3. Token Launches via Binance Launchpad

4. DeFi Protocols (staking, yield farming, lending)

5. NFT Marketplace Payments

6. Payments in real-world applications (e.g., travel, gaming)

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🔹 BNB Chain Components:

1. BNB Beacon Chain (formerly Binance Chain) – governance, staking, and BNB transfers

2. BNB Smart Chain (BSC) – EVM-compatible, supports smart contracts

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🔹 BNB Tokenomics:

Initial Supply: 200 million BNB

Current Supply: Reduced through **quarterly