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BNB is the cryptocurrency of the Binance platform, one of the largest cryptocurrency trading platforms in the world. BNB was initially launched as a token on the Ethereum network (ERC-20) in 2017, but it was later migrated to the Binance Smart Chain (BSC) that was launched in 2020.
BNB is used for various purposes within the Binance platform, such as:
Trading fee discounts: Binance users can pay trading fees using BNB to benefit from discounts.
Investment and staking: It can be used in many projects and activities related to decentralized finance (DeFi) on the BSC network.
Participation in initial coin offerings (IEO): It can be used to participate in initial coin offerings conducted through the Binance platform.
BNB is used for various purposes within the Binance platform, such as:
Trading fee discounts: Binance users can pay trading fees using BNB to benefit from discounts.
Investment and staking: It can be used in many projects and activities related to decentralized finance (DeFi) on the BSC network.
Participation in initial coin offerings (IEO): It can be used to participate in initial coin offerings conducted through the Binance platform.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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