BNB Coin: Powering the Binance Ecosystem♥
BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the world's largest and most influential crypto trading platforms. Launched in 2017 through an initial coin offering (ICO), BNB was initially built on the Ethereum blockchain as an ERC-20 token but later migrated to Binance’s own blockchain, Binance Chain.
What sets BNB apart is its utility. It's more than just a digital asset—it fuels the entire Binance ecosystem. Users can pay trading fees at a discount, participate in token sales on Binance Launchpad, and even book travel or shop online with partnered merchants using BNB.
Binance also conducts quarterly "coin burns," permanently removing a portion of BNB from circulation. This deflationary model helps maintain scarcity, potentially increasing value over time.
With growing adoption and continuous development, BNB remains a strong player in the crypto space, driving innovation and usability within and beyond the Binance platform.
