#EthereumSecurityInitiative

BNB (Binance Coin) is the official cryptocurrency of the Binance exchange and the BNB Chain ecosystem. Initially launched in 2017 as an ERC-20 token, BNB later transitioned to its own BNB Chain. BNB has many practical uses such as reducing transaction fees on Binance, paying for goods and services, and participating in decentralized applications (dApps), DeFi on the BNB Chain. BNB also plays an important role in network governance and the periodic token burn mechanism helps reduce the total supply, which can influence its value. With an expanding ecosystem and diverse applications, BNB is one of the cryptocurrencies with a large market capitalization and significant influence in the crypto space.