BNB, originally Binance Coin, is the native cryptocurrency of the Binance ecosystem, now often referred to as "Build and Build." It began as a utility token for discounted trading fees on the Binance exchange but has vastly expanded its use cases.
BNB powers the BNB Chain, including the BNB Smart Chain (BSC), a prominent platform for decentralized applications (dApps), DeFi protocols, and NFTs, known for its fast transactions and low fees. BNB is used to pay gas fees, participate in token sales on Binance Launchpad, and even for real-world payments. Its economic model, featuring quarterly token burns, aims to reduce supply and potentially increase value, solidifying its position as a top-tier crypto asset.
