#BNB

About Binance Coin (BNB)

Binance Coin (BNB) is a cryptocurrency that was created by the Binance cryptocurrency exchange. Binance, founded in 2017 by Changpeng Zhao, has become one of the largest cryptocurrency exchanges globally. BNB was initially launched as an ERC-20 token on the Ethereum blockchain but later transitioned to its own blockchain called Binance Chain (now known as Binance Smart Chain or BNB Smart Chain).

BNB serves multiple purposes within the Binance ecosystem. Firstly, it acts as the native token of the Binance exchange, allowing users to pay fees, participate in token sales, and access various services and features offered on the platform. By using BNB to pay for trading fees, users can enjoy discounted rates.