BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched in 2017 as an ERC-20 token before migrating to Binance Chain. It is used for transaction fees on Binance Exchange, trading fee discounts, and various DeFi applications. BNB powers Binance Smart Chain (BSC), a blockchain supporting smart contracts and decentralized applications (dApps). It is also used for staking, payments, and token sales. Binance regularly burns BNB to reduce supply and increase scarcity. Despite regulatory challenges, BNB remains one of the largest cryptocurrencies by market cap, widely adopted in crypto trading and blockch
ain development.
