An Overview of BNB Coin
BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s leading crypto exchanges. Introduced in 2017, BNB was originally built on the Ethereum blockchain but later transitioned to Binance Chain for faster transactions.
The coin is widely used for paying transaction fees on Binance, offering users discounted rates. Additionally, it plays a key role in powering Binance Smart Chain (BSC), which supports smart contracts and decentralized applications (DApps).
With a maximum supply of 200 million coins, Binance conducts regular token burns to reduce the supply and increase its value over time. Thanks to its utility and the growing Binance ecosystem, BNB has become a significant asset in the crypto market.
