#TrendTradingStragery Ecosystem Token:
BNB is the foundational asset for the BNB Chain ecosystem, which includes the BNB Smart Chain (BSC), BNB Beacon Chain, and BNB Greenfield.
Dual-Chain Structure:
Initially, the BNB Smart Chain and BNB Beacon Chain worked together in a dual-chain structure, with the Beacon Chain handling governance (voting by validators and stakers on updates and rules).
Utility Token:
BNB can be used to pay for transaction fees on the BNB Smart Chain and to participate in the network's consensus mechanism.
Trading Fee Discounts:
Users holding BNB receive a discount on trading fees on the Binance centralized exchange.
Evolution:
BNB has evolved from being primarily a utility token on Binance's platform to becoming a key component of a much broader ecosystem, including decentralized applications (dApps) and other functionalities.
Auto-Burn System:
BNB utilizes an Auto-Burn system to reduce its total supply to 100,000,000 BNB, with the burn amount adjusted based on BNB's price and the number of blocks generated on BSC during a quarter.