BNB, the native cryptocurrency of Binance, is central to the Binance ecosystem, offering utility across trading, DeFi, and more. Originally launched as a token to reduce trading fees, BNB has evolved into a versatile asset used for payments, staking, and even governance within the Binance Smart Chain (BSC). With its deflationary model, where a portion of BNB is burned periodically, the token’s supply decreases over time, potentially increasing its value. BNB is integral to the Binance exchange’s growth, enabling faster, cheaper transactions and fostering a thriving decentralized finance ecosystem. It represents both utility and innovation in the crypto space.
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