$BNB BNB, originally known as Binance Coin and now rebranded as "Build and Build," is the native cryptocurrency of the BNB Chain ecosystem, which was developed with the support of the leading cryptocurrency exchange, Binance.

Here's a breakdown of BNB and its ecosystem:

What is BNB?

* Utility Token: BNB started as a utility token for the Binance exchange, primarily offering users discounts on trading fees.

* Ecosystem Fuel: Its utility has significantly expanded. Today, BNB powers the BNB Chain ecosystem, which includes the BNB Smart Chain (BSC).

* Decentralized Finance (DeFi): BNB is crucial for participating in DeFi activities like staking and yield farming on BSC and other decentralized exchanges like PancakeSwap.

* Governance: BNB holders can participate in the governance of the BNB Smart Chain by voting on proposals that influence the network's development.

* Payments: It can also be used as a means of payment with various merchants and services that accept cryptocurrencies.

BNB Smart Chain (BSC):

* High-Performance Blockchain: Launched in 2020, BSC is a blockchain network known for its fast transaction times and low transaction costs.

* Smart Contract Functionality: Unlike the earlier BNB Beacon Chain (which it's now set to absorb), BSC supports smart contracts, enabling developers to create various decentralized applications (DApps), including blockchain games, DeFi protocols, and more.