$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. Initially launched in 2017 as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, the BNB Chain (formerly Binance Smart Chain and Binance Chain).

Key Features of BNB:

1. Transaction Fees – BNB is used to pay for transaction fees on Binance, often at a discounted rate.

2. BNB Chain Utility – It powers transactions, smart contracts, and decentralized applications (DApps) on the BNB Chain.

3. Staking & DeFi – BNB holders can stake their coins to participate in governance and earn rewards.

4. Burning Mechanism – Binance regularly burns (destroys) a portion of BNB to reduce supply, increasing scarcity.

5. Payment & E-commerce – BNB is accepted by various merchants for payments, travel bookings, and more.

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