$BNB

BNB: What you should know about the Binance token

BNB (Binance Coin) is a cryptocurrency created by the Binance exchange to support the platform's ecosystem. Initially, BNB worked on the Ethereum blockchain, but later switched to its own Binance Chain. The main function of the token is a discount on commissions during trading, but its use has expanded to payment for services, participation in token launches (Launchpad) and staking.

BNB's popularity is growing due to the rapid development of the Binance ecosystem, including DeFi and NFT. At the same time, BNB remains a volatile asset, and its value depends on the general state of the crypto market. Investors consider BNB as a promising asset, although the risks always remain high.