$BNB $BNB refers to Binance Coin, the native cryptocurrency of the Binance ecosystem. Here’s a quick overview:
🔹 What is $BNB?
Full name: Binance Coin
Ticker symbol: BNB
Launched: 2017 via an ICO
Blockchain: Initially on Ethereum (ERC-20), but later moved to Binance Chain and BNB Smart Chain (BSC)
🔹 Use Cases:
Paying for trading fees on Binance at a discount
Transaction fees on BNB Chain
Token sales on Binance Launchpad
In DeFi apps, games, NFTs, and more
Real-world usage like travel booking (e.g., Travala)
🔹 Tokenomics:
Max supply: 200 million
Regular quarterly burns to reduce supply
Deflationary model → potentially increasing value over time