BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, originally launched as Binance Coin in 2017.

It started as an ERC-20 token on the Ethereum blockchain but later migrated to Binance Chain and BNB Smart Chain (BSC) — Binance’s own blockchains — where it plays a key role in powering transactions and applications.

🔑 Key Uses of BNB:

  • Pay Trading Fees on Binance (and get discounts)

  • Transaction Fees on BNB Smart Chain

  • Participate in Binance Launchpad token sales

  • Staking, DeFi, and Yield Farming

  • Pay for goods/services (BNB is accepted by many merchants)

  • Burned regularly to reduce total supply (deflationary model)

📊 Quick Facts:

  • Symbol: BNB

  • Total Supply: Initially 200 million (with quarterly burns)

  • Blockchain: BNB Chain (including BNB Smart Chain & BNB Beacon Chain)

  • Launched by: Binance Exchange

💡 Why It Matters:

BNB isn’t just a utility token for trading fees—it powers an entire blockchain ecosystem, including DeFi, NFTs, GameFi, and more. It's one of the top cryptocurrencies by market cap, and a major part of the Web3 infrastructure.

#BNB #Binance #CryptoExplained #BNBChain #BlockchainBasics
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