$BNB

BNB Coin: The Lifeblood of the Binance Platform

The BNB Coin (Binance Coin) is more than just a digital currency; it is the lifeblood that fuels the comprehensive Binance ecosystem. Launched in 2017, BNB was initially an ERC-20 token on the Ethereum blockchain before migrating to its own Binance blockchain, known as Binance Smart Chain (BSC).

BNB boasts numerous use cases, making it a multifaceted coin. Users can pay reduced trading fees on the Binance platform using BNB, providing a significant incentive for traders. Furthermore, BNB is used in various decentralized applications (dApps) built on BSC, and for staking.