📘 $BNB: Much more than a currency – Complete guide on the central token of Binance

In the crypto world, many coins come and go. Some spike with momentary hype, while others disappear without a trace. But there are certain tokens that have demonstrated not only resilience but also real utility and sustained growth. One of them is $BNB.

If you are starting in cryptocurrencies or want to better understand the Binance ecosystem, learning about BNB is one of the best educational decisions you can make. In this article, we will explore what exactly this token is, how it is used, why it is so important, and what role it plays in the current crypto world.

What is BNB?

BNB is the native token of Binance, the largest cryptocurrency exchange in the world by volume. It was originally launched in 2017 as part of an ICO (Initial Coin Offering), and since then it has evolved significantly.

Initially, BNB was created as an ERC-20 token on the Ethereum network, but over time it migrated to its own blockchain, the Binance Chain, and later to the Binance Smart Chain (BSC) — now called BNB Chain.

What is its function?

Reduce trading fees: If you use BNB to pay fees on Binance, you receive a discount.

Gas token on BNB Chain: It is used to pay network fees in DeFi applications, DApps, and transactions within the BNB Chain.

Participate in Launchpads: Many new projects conduct their initial sales on Binance using BNB as a means of participation.

Payment method: BNB can be used on hundreds of sites to pay for goods and services.

Staking and farming: BNB can be deposited to generate passive yield on Binance Earn or DeFi platforms.

BNB as an investment

Since its launch, BNB has been one of the best-performing tokens historically. Its value has risen from less than $1 in 2017 to hundreds of dollars at the market peak, and it has remained one of the top tokens by market capitalization.

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