$BNB : Beyond the Simple Exchange Token

Since its launch in 2017, BNB, the native token of the Binance ecosystem, has evolved considerably. What started as a utility token for trading fee discounts is now much more. BNB powers the Binance Smart Chain (BSC) – now BNB Chain – a vibrant blockchain that hosts thousands of dApps, DeFi projects, and GameFi games.

Its versatility is key: it is used to pay transaction fees on the BNB Chain, participate in token sales on Binance Launchpad, and is a popular cryptocurrency for staking and farming. Additionally, Binance implements a regular burn mechanism, reducing the total supply of BNB and potentially increasing its long-term value. With a global community and an ever-expanding ecosystem, BNB is establishing itself as a fundamental digital asset in the crypto space.