$BNB Here's a brief overview of BNB (Binance Coin):
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🔹 What is BNB?
BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as Binance Coin. It was initially created to offer trading fee discounts on the Binance exchange but has since evolved into a multi-purpose utility token across Binance’s platforms.
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🔹 Key Details:
Ticker: BNB
Chain: BNB Chain (formerly Binance Smart Chain & Binance Chain)
Use Cases:
Trading fee discounts on Binance
Gas fees on BNB Smart Chain
Payment for services (travel, games, etc.)
DeFi applications (staking, yield farming)
Launchpad/Token sales on Binance
NFT marketplace usage
Supply Cap: Max supply of 200 million BNB
Binance conducts regular quarterly burns to reduce supply (BNB Auto-Burn)
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🔹 BNB Chain Ecosystem:
1. BNB Beacon Chain (BEP-2): Governance and staking
2. BNB Smart Chain (BEP-20): EVM-compatible, supports DeFi, NFTs, and DApps
3. BNB Greenfield: Decentralized data storage infrastructure (launched in 2023)
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🔹 Price History (as of mid-2025):
ICO Price (2017): ~$0.10
ATH: ~$690 (May 2021)
Recent Range: $500–$600+ (mid-2025) depending on market conditions
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🔹 Why BNB Matters:
One of the top 5 cryptocurrencies by market cap
Widely used in DeFi and CeFi
Integral to Binance’s expanding ecosystem, including BNB Chain, Binance Pay, Binance NFT, and more
Offers real utility beyond speculation
