$BNB BNB is the native cryptocurrency of the Binance ecosystem, primarily used for transaction fees, staking, and smart contract execution on Binance Chain and Binance Smart Chain. Launched in 2017, BNB offers discounts on trading fees and supports DeFi, NFTs, and payments. It has a deflationary mechanism through periodic burns, reducing supply over time. As a utility token, BNB powers the Binance ecosystem and beyond.

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