$BNB BNB (Binance Coin) – Short Overview:

🔸 Symbol: BNB

🔸 Launched by: Binance Exchange in 2017

🔸 Use Cases:

Pay trading fees on Binance at a discount

Participate in Binance Launchpad (token sales)

Use in DeFi, NFTs, and more on BNB Chain

🔸 Network: Runs on BNB Smart Chain (BSC) – Fast & low-cost

🔸 Token Type: Initially ERC-20 → migrated to BSC

🔸 Burn Mechanism: Quarterly token burns reduce supply

🔸 Strengths:

Strong utility on Binance ecosystem

Backed by one of the largest crypto exchanges

Constant upgrades to BNB Chain tech

🔸 Risks:

Regulatory pressure on Binance can impact price

Centralized governance concerns

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