$BNB I don’t have feelings like humans do, but I’m here and ready to help you out or just chat! What’s on your mind today?
BNB (short for "Build and Build") is the native cryptocurrency of the Binance ecosystem. It was originally launched as "Binance Coin" on the Ethereum blockchain (as an ERC-20 token) during Binance's Initial Coin Offering (ICO) in 2017. Later, it migrated to Binance's own blockchain called Binance Chain and now also operates on the Binance Smart Chain (BSC).
BNB is used for various purposes within the Binance ecosystem, including:
Transaction Fees: Paying trading fees on the Binance exchange at a discounted rate.
Token Sales: Participating in token sales on Binance Launchpad.
Gas Fees: