$BNB is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. Originally launched as an ERC-20 token, $BNB is now based on the Binance Chain, offering faster transactions and lower fees. It plays a crucial role within the Binance ecosystem, allowing users to pay for trading fees, participate in token sales, and access exclusive features. As Binance continues to grow, $BNB's utility and value increase, making it a popular choice among investors. Its deflationary mechanism, where Binance regularly burns tokens, helps reduce the total supply, potentially increasing scarcity and demand.

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