$BNB Understanding BNB: More Than Just a Coin

BNB, or Build and Build, is the native cryptocurrency of the BNB Chain, a blockchain developed by the Binance exchange. Initially launched as Binance Coin (hence the original ticker), BNB has evolved significantly beyond just a way to pay for trading fees on Binance.

Today, BNB powers the entire BNB Chain ecosystem, facilitating transactions on decentralized applications (dApps), enabling staking for network security, and serving as gas for smart contract executions. Holders can also use BNB for various utilities within the Binance ecosystem, including discounts on trading fees and participation in token sales. Its utility-driven model makes BNB a central component of one of the largest cryptocurrency ecosystems.