Created by Binance in 2017, BNB is one of the most prominent cryptocurrencies. It is primarily used to pay trading fees on Binance, offering discounts to users. Its uses have expanded to include decentralized applications (DApps) and smart contracts via Binance Smart Chain (BSC), a fast and low-cost network.
BNB features a coin burning mechanism, where the supply is periodically reduced to support its value. With its adoption in areas such as gaming, travel, and financial services, it has become a versatile currency. Despite its popularity, it remains vulnerable to market volatility and regulatory risks. Investing in BNB can be profitable, but it requires constant study of changes in the cryptocurrency market and developments in its ecosystem.