$BNB .

What is cryptocurrency BNB (Binance Coin)?

Binance Coin (BNB) is a cryptocurrency created by the cryptocurrency exchange Binance. The coin was developed in 2017 on the Ethereum blockchain as an ERC-20 standard token, but was later migrated to its own Binance blockchain, which consists of two chains: BNB Beacon Chain (formerly Binance Chain) and BNB Smart Chain (formerly Binance Smart Chain).

Initially, BNB was created as a Utility Token for use on the Binance platform. It provides users with discounts on trading fees, access to participate in token sales through the Binance Launchpad platform, and other services within the Binance ecosystem.

Key functions of BNB:

Payment of fees on the Binance platform. Users can pay trading fees in BNB with discounts of up to 25% on spot and margin trading and up to 10% on futures contracts.

Participation in token sales. BNB is the primary currency for participating in token sales on the Binance Launchpad platform, allowing users to invest in new crypto projects at early stages of launch.

Usage in DeFi and dApps. BNB coins are actively used in the decentralized finance (DeFi) ecosystem on the BNB Smart Chain.

BNB coins for supporting the long-term growth of the token's value.