“BNB” usually refers to Binance Coin, the native cryptocurrency of the Binance ecosystem. Here’s a quick overview:
🔹 What BNB Is
Full name: Binance Coin
Ticker symbol: BNB
Created by: Binance (one of the world’s largest cryptocurrency exchanges)
Launch year: 2017
Blockchain: Originally on Ethereum (as an ERC-20 token), now runs on BNB Smart Chain (BSC) and BNB Beacon Chain
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🔹 Main Uses
1. Transaction Fees: Used to pay trading fees on Binance at a discount.
2. Smart Contracts: Powers decentralized apps (DApps) on BNB Smart Chain.
3. DeFi & Staking: Used in decentralized finance platforms for liquidity and staking.
4. Payments: Accepted by many merchants and platforms.
5. Token Burns: Binance regularly “burns” (destroys) some BNB to reduce supply and maintain value.
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🔹 Current Value
Would you like me to show you the current BNB price and market data (live from the web)?


