#FOMCMeeting Binance Coin (Binance Coin - BNB)

* **The largest ecosystem fuel in the trading world:**

BNB is the native currency of the Binance platform, the largest cryptocurrency exchange in the world by trading volume, and it is also the primary currency of the Binance Chain (BNB Chain). BNB started as a token for offering discounts on trading fees, but it has evolved into an integral part of a vast digital ecosystem that includes BNB Smart Chain (BSC) supporting smart contracts and decentralized applications, in addition to various other services offered by Binance.

* **Why is it important?**

* **Strong and diverse utility:** Used to pay trading fees on Binance, gas fees on BNB Chain, participate in new token sales (Binance Launchpad), and earn yields through Binance Earn products.

* **Massive ecosystem:** Benefits from Binance's huge user base and the rapid growth of BNB Chain in areas like DeFi, NFTs, and GameFi.

* **Burn mechanism:** Binance periodically burns amounts of BNB to reduce the total supply, aiming to increase the currency's value in the long term.

* **High liquidity:** Enjoys excellent liquidity due to its association with the largest exchange in the world.