BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the largest crypto exchange platforms in the world. Here are the key points to know:

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1. Origin

Launch: July 2017, during an ICO (Initial Coin Offering).

Creator: Changpeng Zhao (CZ), founder of Binance.

Initially on Ethereum (ERC-20 standard), then migrated to its own blockchain: Binance Chain (then Binance Smart Chain, now BNB Chain).

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2. Utility

BNB has several functions in the Binance ecosystem:

Reduction of trading fees on Binance if you pay with BNB.

Payments (some merchants accept it).

Transaction fees on the BNB Smart Chain.

Staking, yield farming, launchpads, etc.

Used for voting in the governance of certain projects.

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3. Tokenomics

Initial supply: 200 million BNB.

Binance conducts regular "burns" (destruction of tokens) to reduce the supply to 100 million BNB, in order to increase scarcity.

These burns are calculated based on transaction volumes on Binance.

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4. BNB Chain Blockchain

BNB operates on a blockchain ecosystem called BNB Chain, which includes:

BNB Beacon Chain (asset management and governance).

BNB Smart Chain (execution of smart contracts, compatible with Ethereum).

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5. Current Position

BNB is often ranked among the top 3 to 5 cryptocurrencies in terms of market capitalization.

It is a pillar of the Binance ecosystem, which continues to be active despite regulatory tensions.#Squar2earn #BinanceAlphaAlert #TRXETF $BNB