#JELLYJELLYFuturesAlert **BNB Coin**

It is the official currency of the **Binance** platform (the largest cryptocurrency trading platform globally), and is considered an essential part of its ecosystem, including the **Binance Smart Chain** (BSC) and **Binance Chain**. It was launched in 2017 as an **ERC-20 token** on the Ethereum network, and later migrated to its own network.

**Uses of BNB**:

1. Discount on trading fees on the Binance platform.

2. Funding purchases in project launches (such as Launchpad).

3. Operating decentralized applications (dApps) on the Binance Smart Chain.

4. Used in governance and voting processes.

**Features**:

- A portion of the coin is regularly burned (destroyed) to increase its scarcity (deflationary policy).

- Its network supports fast and low-cost transactions compared to Ethereum.

**Risks**:

- Its value is tied to the performance of the Binance platform, exposing it to sharp fluctuations in case of legal or technical issues.

- It faces fierce competition from similar coins like **ETH** or **SOL**.

Despite being one of the established coins, investing in it requires continuous monitoring of market developments and government regulations.$BNB