#MyStrategyEvolution Le *BNB (Binance Coin)* is the native cryptocurrency of the *Binance* platform, one of the largest crypto exchanges in the world.
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🔍 What is BNB used for?
1. *Reduce trading fees on Binance*
→ By paying fees with BNB, you benefit from *discounts*.
2. *Participate in project launches (Launchpad)*
→ BNB is often required to access new tokens in presale.
3. *Staking & DeFi*
→ You can *earn interest* by depositing your BNB in pools or by lending it.
4. *Transaction fees on BNB Smart Chain (BSC)*
→ If you use BSC (Binance's blockchain), BNB is used to *pay gas fees*.
5. *Real-world usage*
→ Accepted for payments, crypto cards, games, travel, etc.
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📈 Key information
- *Created in 2017*
- Initial supply: 200 million tokens (deflation expected)
- *Quarterly burns*: Binance destroys a portion of BNB to reduce supply → potentially bullish effect on price.
- *Blockchain*: BNB Chain (formerly Binance Smart Chain)