BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, which includes:
1. Uses of BNB:
Trading Fee Discount: Users on the Binance Exchange can use BNB to get discounts on trading fees.
Binance Smart Chain (BSC): BNB powers transactions on BSC, a blockchain for decentralized apps (dApps), DeFi, NFTs, and more.
Token Sales: BNB is used to participate in token sales on Binance Launchpad.
Payments: Accepted by many merchants for goods and services.
Staking & DeFi: Can be staked or used in DeFi platforms for yield farming, liquidity provision, and loans.
2. Supply and Burning:
Max Supply: 200 million initially.
Burn Mechanism: Binance regularly burns (destroys) BNB coins to reduce total supply, increasing scarcity over time.
3. Price & Volatility:
BNB’s price is influenced by:
Binance platform usage
Crypto market trends
Burn events
Regulatory news
Would you like the current BNB price, investment advice, or help with BNB wallet setup?
