#bnb #squrepost #BinanceTurns8庆祝

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, launched in 2017 through an ICO that raised $15 million in BTC and ETH. Initially an ERC-20 token, BNB migrated to Binance Smart Chain (now BNB Chain) in 2019 for faster trading. BNB's uses include ¹ ²:

- *Transaction Fees*: Paying fees on the Binance exchange and BNB Chain.

- *Governance*: Participating in on-chain governance decisions.

- *Strategic Reserve Asset*: Serving as a reserve asset in the BNB ecosystem.

BNB's current price is around $693, with a market cap of $99.87 billion and a 24-hour trading volume of $1.83 billion ¹.