#$BNB Coin

What is BNB Coin?

BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem. It started as Binance Coin in 2017 and has grown into one of the largest cryptocurrencies by market cap.

Key Facts About BNB:

Initial Use Case: Originally used for trading fee discounts on Binance exchange.

Current Use Cases:

Pay transaction fees on BNB Smart Chain (BSC)

Use in DeFi protocols, NFTs, gaming apps

Booking travel, shopping, and more through BNB partners

Staking and earning rewards

Burn Mechanism: Binance burns (destroys) a portion of BNB regularly to reduce supply and increase scarcity, which can impact price positively.

Ecosystem: BNB powers the BNB Chain, which includes:

BNB Beacon Chain (Governance)

BNB Smart Chain (Smart contracts, dApps)

Why BNB Matters:

It's more than just a coin — it's the fuel for one of the biggest crypto ecosystems.

Low transaction fees, fast network, and high utility.

Often seen as a strong competitor to Ethereum in the smart contract space.