$BNB #BinanceTraderSmarter

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. It was originally launched in 2017 as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, Binance Chain. BNB is used for various purposes, including:

Trading Fee Discounts: Users who pay trading fees on Binance with BNB get discounts.

Transaction Fees: Used to pay for gas fees on Binance Chain and Binance Smart Chain (BSC).

Token Sales: Used for participation in Binance Launchpad token sales.

Payments & Services: Accepted by some merchants for payments.

BNB also undergoes periodic "burns," where Binance removes a portion of the supply to reduce inflation and increase scarcity.

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