BNB (Binance Coin) Explained: Powering the Binance Ecosystem
BNB is the native cryptocurrency of the Binance ecosystem, originally launched as an ERC-20 token but later migrated to Binance’s own blockchain, BNB Chain. It has multiple uses:
Trading Fee Discounts: Use BNB to get lower fees on Binance.
Gas Fees: BNB powers transactions on BNB Smart Chain.
DeFi & DApps: BNB is widely used across DeFi apps built on BNB Chain.
Launchpad Participation: Users need BNB to join new token sales on Binance Launchpad.
Staking & Earning: BNB can be staked or used in savings for passive income.
BNB is a utility coin with strong real-world use and consistent demand.
$BNB
BNB is the native cryptocurrency of the Binance ecosystem, originally launched as an ERC-20 token but later migrated to Binance’s own blockchain, BNB Chain. It has multiple uses:
Trading Fee Discounts: Use BNB to get lower fees on Binance.
Gas Fees: BNB powers transactions on BNB Smart Chain.
DeFi & DApps: BNB is widely used across DeFi apps built on BNB Chain.
Launchpad Participation: Users need BNB to join new token sales on Binance Launchpad.
Staking & Earning: BNB can be staked or used in savings for passive income.
BNB is a utility coin with strong real-world use and consistent demand.
$BNB
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BNB
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