#CryptoScamSurge

BNB, originally known as Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world's largest crypto exchanges. Launched in 2017, it initially served as a utility token offering discounted trading fees on the Binance platform.

Over time, BNB's role expanded significantly. It now powers the BNB Chain, a comprehensive blockchain ecosystem that includes the BNB Smart Chain (BSC). BSC is known for its fast transaction speeds, low fees, and compatibility with the Ethereum Virtual Machine (EVM), making it a popular choice for decentralized applications (dApps), DeFi, and NFTs.

Beyond its use for transaction fees and staking on the BNB Chain, BNB also functions as a governance token, allowing holders to participate in network decisions. Binance also utilizes BNB for various initiatives like token sales on Binance Launchpad and rewards through Binance Earn. With a market capitalization placing it among the top cryptocurrencies globally, BNB continues to evolve as a fundamental asset within the broader Web3 landscape.