**What is BNB? Discover Binance's Cryptocurrency**
BNB (Binance Coin) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. Created in 2017, initially as an ERC-20 token on the Ethereum network, BNB later migrated to its own blockchain, the Binance Chain.
BNB was created to provide advantages within the Binance ecosystem. Among its main uses are:
**Discounts on trading fees**: Users who pay transaction fees with BNB receive discounts.
- **Participation in launches**: Many projects launched on Binance Launchpad accept BNB as a form of payment.
- **Payments and transfers**: It is used as a payment currency on various partner platforms of Binance.
- **Token burn**: Binance periodically burns a portion of the circulating BNBs to reduce supply and maintain its value.
Over time, BNB has become one of the leading assets in the crypto market. It is also used on the Binance Smart Chain (BSC), a blockchain that allows the development of decentralized applications (dApps), such as games, DeFi (decentralized finance), NFTs, among others.
- **High liquidity**: It is among the most traded cryptos in the world.
- **Real utility**: Has multiple uses within the Binance ecosystem.
- **Constant appreciation**: Despite volatility, it has shown growth since its launch.
BNB is more than just a digital currency. It is the heart of the Binance ecosystem and has established itself as one of the most important cryptocurrencies in the market.
the market. Its success is linked to the constant growth and innovation of Binance.