BNB OVER 800 AGAIN??
BUT WHAT IS BNB?
BNB is the native cryptocurrency of the Binance ecosystem, originally launched as Binance Coin.
It now stands for Build and Build, representing its role in supporting Web3 development across multiple platforms.
Main Uses of BNB:
Pay trading fees on Binance (with discounts).
Used as gas on the BNB Smart Chain (BSC).
Join token launches on Binance Launchpad.
Staking, DeFi, and liquidity farming.
Pay for goods, services, games, NFTs, and more.
Key Features:
Native token of:
BNB Smart Chain (BSC) – smart contracts, DeFi apps.
BNB Beacon Chain – governance and core operations.
Burn mechanism: Binance regularly burns BNB to reduce total supply (aim: 100 million max).
Originally launched with 200 million tokens.
Where is BNB used?
Inside Binance and its ecosystem (DEX, NFT marketplace, etc.).
Across BNB Chain-based dApps.
In real-world payments via crypto-friendly merchants.
