BNB Introduction: The Core Token of the Binance Ecosystem
BNB (Binance Coin) is the platform token launched by Binance Exchange in 2017, initially based on the Ethereum ERC-20 standard, and later migrated to Binance Chain. As the core of the Binance ecosystem, BNB has multiple uses, including paying transaction fees, participating in Launchpad projects, DeFi applications, and more. With the expansion of the Binance ecosystem, the application scenarios of BNB continue to enrich, and its market value has consistently ranked among the top five in cryptocurrency for a long time. Its deflationary mechanism (regular destruction) also enhances scarcity, attracting a large number of investors' attention.