BNB (Build and Build) is the native cryptocurrency of the BNB Chain (formerly Binance Smart Chain), developed by Binance, one of the world’s largest crypto exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to its own blockchain. It is used to pay trading fees on Binance, participate in token sales, pay for transaction fees on BNB Chain, and more. BNB also supports smart contracts and decentralized apps (dApps). It has a burn mechanism that reduces supply over time, increasing its scarcity. BNB plays a central role in Binance’s growing crypto ecosystem.
