BNB is the cryptocurrency of the Binance platform, one of the largest cryptocurrency trading platforms in the world. BNB was initially launched as a token on the Ethereum network (ERC-20) in 2017, but it was later migrated to the Binance Smart Chain (BSC) that was launched in 2020.
BNB is used for various purposes within the Binance platform, such as:
Trading fee discounts: Binance users can pay trading fees using BNB to benefit from discounts.
Investment and staking: It can be used in many projects and activities related to decentralized finance (DeFi) on the BSC network.
Participation in initial coin offerings (IEO): It can be used to participate in initial coin offerings conducted through the Binance platform.
BNB is the cryptocurrency of the Binance platform, one of the largest cryptocurrency trading platforms in the world. BNB was initially launched as a token on the Ethereum network (ERC-20) in 2017, but it was later migrated to the Binance Smart Chain (BSC) that was launched in 2020.
BNB is used for various purposes within the Binance platform, such as:
Trading fee discounts: Binance users can pay trading fees using BNB to benefit from discounts.
Investment and staking: It can be used in many projects and activities related to decentralized finance (DeFi) on the BSC network.
Participation in initial coin offerings (IEO): It can be used to participate in initial coin offerings conducted through the Binance platform.
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