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BNB (Binance Coin) is the native cryptocurrency of the Binance blockchain ecosystem, primarily used for transactions on the Binance exchange. It was originally created as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, known as Binance Chain. BNB can be used for various purposes, including paying for transaction fees on the Binance exchange, participating in token sales on Binance Launchpad, and more. It has also expanded its use case in decentralized finance (DeFi) platforms and as a payment method on various merchant websites.

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