$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange. It was originally launched as an ERC-20 token on the Ethereum blockchain but was later migrated to the Binance Smart Chain (BSC). Below are some important details about BNB:
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🔹 Basic Info (BNB Basic Info):
Full Name: Binance Coin
Ticker: BNB
Launched: In 2017
Blockchain: Binance Smart Chain (BSC)
Max Supply: 200 million
Current Uses:
Trading fee discount on Binance
DeFi applications
Games, travel, payments
Token development and ICO
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🔹 Uses of BNB:
1. Trading Discount:
When trading on the Binance platform, using BNB to pay fees provides a discount.
2. BNB Burn:
Every three months, Binance burns a certain amount of BNB tokens — this is a strategy to increase the price.
