BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem. It's used for various purposes, including ¹ ² ³:

- *Trading Fees*: Pay for trading fees on Binance with a 25% discount.

- *Token Sales*: Participate in token sales on Binance Launchpad using BNB.

- *Staking Rewards*: Stake BNB to earn rewards and help secure the network.

- *Utility Beyond Binance*: Used in DeFi projects, NFT ecosystems, and other blockchain platforms.

*Key Features:*

- *Tokenomics*: BNB has a deflationary mechanism with regular coin burns to reduce supply and increase value.

- *Blockchain*: BNB operates on two interconnected blockchains: BNB Beacon Chain (for governance) and BNB Smart Chain (for smart contracts).

- *Market Performance*: Currently ranked #5 in market capitalization, with a market cap of around $94.6 billion.

*Current Price:*

- *BNB Price*: Around $671.53, with a 0.68% increase in the last 24 hours.

- *Market Cap*: $94.6 billion.

- *24-hour Trading Volume*: $1.85 billion ⁴.

*Where to Buy:*

- *Binance*: The most popular exchange for buying and trading BNB.

- *Other Exchanges*: CoinW, HTX, and more ².$BNB