$BNB About $BNB (Binance Coin)

$BNB is the native cryptocurrency of the Binance ecosystem, launched by Binance, one of the world's largest cryptocurrency exchanges.

🔹 Key Facts:

Launched: July 2017

Initial Use: Originally created as an ERC-20 token on Ethereum, later migrated to its own blockchain (Binance Chain, then BNB Smart Chain).

Ticker: BNB

Current Ecosystem: Operates on the BNB Chain, which includes:

BNB Beacon Chain (governance)

BNB Smart Chain (BSC) (EVM-compatible smart contracts)

🔹 Main Uses:

Trading fee discounts on Binance Exchange

Gas fees on BNB Smart Chain

Token sales on Binance Launchpad

Payment for travel, shopping, gaming, etc.

DeFi applications and yield farming

**NFT ecosystem