Here’s the latest on BNB (Binance Coin):

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What Is "BNB"? #

1. As a Cryptocurrency (Binance Coin)

BNB is the native utility token of the BNB Chain ecosystem, originally launched in July 2017 as Binance Coin during an Initial Coin Offering (ICO) and initially issued as an ERC-20 token .$BNB

It later migrated to Binance’s proprietary blockchain, the BNB Chain, where it powers fees, staking, governance, and decentralized applications (dApps) .

The token's total supply is being periodically reduced through a quarterly burn mechanism, where Binance uses a percentage of its profits to buy back and permanently destroy BNB, enhancing scarcity and potentially value over time .$BNB

Use Cases:

Trading fee discounts on the Binance exchange .

Transaction (gas) fees on the BNB Chain (formerly Binance Smart Chain) .

Participation in DeFi and dApp activities, including staking, liquidity farming (like on PancakeSwap), governance, token sales, and yield farming .

Payments — can be used for travel, entertainment, credit card bills, booking hotels/flights, and even donations via Binance Charity .

2. Other Meanings of "BNB"

The acronym “BNB” can also refer to several other things in different contexts:

Banks such as Banco Nacional de Bolivia or the Bulgarian National Bank .

Cultural or miscellaneous terms, including Bed and Breakfast (BnB), British National Bibliography, or others in arts and library contexts .

Given your query, you most likely meant BNB the cryptocurrency, which is one of the top five by market capitalization .

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Summary Table

Context Description

BNB (Crypto) Utility token of BNB Chain; used for fees, staking, governance, dApps.

Token Burn Mechanism Quarterly burns reduce supply, increasing scarcity.

Utility Uses Trades, gas fees, DeFi, payments, token sales, governance, etc.

Other "BNB" Meanings Banks (Bolivia, Bulgaria), Bed & Breakfast, bibliographies, etc.$BNB

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Want to Dive Deeper?

Curious about how BNB’s burn schedule works or the current circulating supply?

Want to know how to buy or stake BNB, or its pros nex