Currency $BNB (abbreviated as Build and Build – previously known as Binance Coin) is the digital currency of the Binance platform, one of the largest cryptocurrency trading platforms in the world.

🔹 Key information about currency $BNB :

Launch: It was launched in 2017 through an Initial Coin Offering (ICO) at a price of around $0.11.

Uses:

Paying trading fees on the Binance platform with discounts.

Using it on Binance Smart Chain (BSC) for DeFi, NFTs, and decentralized applications.

Participating in new launches (Launchpad).

A means of payment in some stores and services.

Technology:

Initially, it operated on the Ethereum network as an ERC-20 token.

Later, it migrated to its own network (BEP-2) and then to $BNB Smart Chain (BSC).

Economics:

There is a periodic burn of a portion of the supply to reduce the number of coins and increase their scarcity.

The initial supply was 200 million BNB, but a part is continuously burned until it reaches only 100 million BNB.

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