Binance Coin (BNB)
Introduction to Binance Coin
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem. Launched in 2017, BNB was initially created as an ERC-20 token on the Ethereum blockchain before migrating to Binance's own blockchain, Binance Chain.
How [BNB](https://www.binance.info/en/activity/referral-entry/CPA/together-v3?ref=CPA_00X5GZDB41) Works
BNB is used within the Binance ecosystem for various purposes, including trading fee discounts, participation in token sales on Binance Launchpad, and transaction fees on Binance Chain and Binance Smart Chain (BSC).
BNB's Impact and Use Cases
BNB has become a versatile and widely-used cryptocurrency. It powers the Binance Smart Chain, a popular blockchain for DeFi projects due to its low transaction fees and high throughput. BNB is also used for staking and earning rewards on various Binance platforms.
Future of [BNB](https://www.binance.info/en/activity/referral-entry/CPA/together-v3?ref=CPA_00X5GZDB41)
The future of BNB is closely tied to the success of the Binance ecosystem. As Binance continues to expand its services and reach, BNB's utility and value are likely to grow. Ongoing innovations and the increasing adoption of Binance Smart Chain ensure BNB's continued relevance in the cryptocurrency space.