$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