BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, originally launched as Binance Coin. It was first created on the Ethereum blockchain as an ERC-20 token in 2017 but later migrated to Binance’s own blockchain, BNB Chain. BNB is used to pay for trading fees on Binance at a discount, participate in token sales, power smart contracts, and more. Over time, BNB has evolved beyond just an exchange token into a key component of a growing blockchain platform. Its utility and integration across DeFi, NFTs, and dApps make it a major player in the crypto world.
