#BNBChainMeme

What is BNB (Binance Coin) and How Does It Work?

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched as an ERC-20 token on Ethereum but later migrated to Binance Chain. It plays a crucial role in Binance's operations, offering users benefits like reduced trading fees when used for transactions on the Binance exchange.

BNB is also used for various purposes, including paying transaction fees on Binance Smart Chain (BSC), participating in token sales on Binance Launchpad, and making online payments. With its growing adoption, BNB has become one of the top cryptocurrencies, widely used in DeFi, NFT marketplaces, and beyond.