#BSCProjectSpotlight
Binance Coin (BNB): The Utility Token of the Binance Ecosystem
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Launched in 2017, BNB initially served as a utility token, offering users discounts on trading fees on the Binance platform. However, its use cases have expanded over time, particularly with the introduction of Binance Smart Chain (BSC).
BNB now powers BSC, enabling decentralized applications (dApps), smart contracts, and decentralized finance (DeFi) projects. It is also used for staking, transaction fees, and as a means of governance within the Binance ecosystem. The token's utility extends beyond Binance's platform, with various applications and partnerships across the crypto space.