📚 Understanding the Basics of BNB Token
What is BNB Token?
BNB (formerly Binance Coin) is the native cryptocurrency of the Binance ecosystem. It was launched in 2017 during Binance’s ICO, initially built on the Ethereum network (ERC-20) before migrating to its own blockchain: BNB Chain.
💡 The Purpose of BNB
BNB was created to be more than just a token. Its original use case was to reduce trading fees on Binance. Today, BNB powers an entire ecosystem—from paying gas fees on BNB Smart Chain to being used in staking, DeFi, GameFi, NFTs, and even travel and shopping.
🔥 Key Utility:
Trading fee discounts
Launchpad access
BNB Chain gas fees
Staking & rewards
Burn mechanism to reduce supply
BNB is not just a coin—it's the engine driving one of the largest crypto ecosystems.
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💬 What do YOU use BNB for? Drop it below!