🔹 What is $BNB

BNB is the native cryptocurrency of Binance, one of the world’s largest crypto exchanges.

Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to its own blockchain.

🔹$BNB Chains

BNB Beacon Chain (formerly Binance Chain): Used for governance and staking.

BNB Smart Chain (BSC): EVM-compatible blockchain for DeFi apps, NFTs, and smart contracts.

🔹 Main Uses of $BNB

Trading Fee Discounts: Pay Binance trading fees at a discounted rate.

Transaction Fees on BSC: Used as “gas” for smart contracts and transactions.

Token Sales: Entry to Binance Launchpad projects.

Payments: Accepted by merchants, travel sites, and services globally.

Staking & DeFi: Used in yield farming, staking, and liquidity pools.

🔹 Supply

Originally 200 million BNB.

Binance holds quarterly burns to reduce supply — now under 150 million BNB circulating.

🔹 Why People Hold BNB

Discounts on Binance platform fees.

Utility in the broader BNB Chain ecosystem.

Scarcity increases over time through burns.#BNBBreaksATH #BNBBreaks1000