#BNB 📝

One of the biggest cryptocurrency exchanges in the world, Binance, uses BNB (short for Build and Build, formerly known as Binance Coin) as its native cryptocurrency. 🧐

It was initially introduced on Ethereum in 2017 as an ERC-20 token before switching to Binance's own blockchains: BNB Beacon Chain (for validators, staking, and governance) BNB Smart Chain (BSC) (for dApps, DeFi, NFTs, and smart contracts) Principal applications of BNB: 💡

🔸️1. Trading fee discounts: When using BNB, you can pay fees on Binance at a reduced rate.

🔸️2. Transaction fees: These are the "gas" that the BNB Smart Chain uses to send tokens or run dApps.

🔸️3. Staking and Earning: Use Launchpool and other Binance Earn products to earn money or stake BNB for rewards.

🔸️4. Token sales: Take part in the token offerings on Binance Launchpad.

🔸️5. Payments: Many people accept various merchants and platforms as a method of payment.👌👌🔥

#BNB