About BNB Coin

BNB, or Binance Coin, is a digital currency launched by the popular trading platform Binance in 2017. It started as a token operating on the Ethereum network according to the ERC-20 standard, but later transitioned to the Binance Chain network developed by the platform.

BNB is used to facilitate operations within the Binance platform, such as reducing trading fees, and is an accepted means of payment for many other services, including travel bookings, shopping, and blockchain services. It is also used in decentralized finance (DeFi) projects that rely on the Binance Smart Chain.

BNB is characterized by the flexibility of its uses and the token burn strategies that reduce the total supply, enhancing its value over time.