$BNB (Binance Coin) is the native cryptocurrency of the Binance platform, one of the largest cryptocurrency trading platforms in the world. It was launched in 2017 and currently operates on the BNB Smart Chain (BSC). BNB is used for several purposes such as:

Paying trading fees with discounts on Binance

Uses within decentralized applications (dApps)

Buying NFTs and various services

Governance on the BNB Chain

BNB is characterized by fast transactions and low costs, and a portion of the supply is periodically burned to reduce inflation.

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