BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially created as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. It serves multiple purposes, including trading fee discounts, staking, token burns, and powering Binance Smart Chain (BSC) for decentralized applications (dApps). BNB plays a vital role in DeFi, NFT platforms, and blockchain games. Binance conducts regular coin burns to reduce total supply, supporting long-term value. As one of the top cryptocurrencies by market cap, BNB is widely used and traded globally. Its success is closely tied to Binance’s growth, making it a key asset in the crypto world. Always assess market risks before investing.