BNB is the native token of the decentralized BNB Chain, where it powers transactions, pays fees, and enables participation in governance. It can also be used on the Binance platform to benefit from advantages such as trading fee discounts, token airdrops, and VIP membership. The BNB burn mechanism involves periodically buying back BNB tokens and permanently destroying them to reduce the total supply. Check the BNB price page for the latest real-time updates on market value and price movements.

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