Binance Coin ($BNB): A Key Player in Crypto

Binance Coin ($BNB) is the native cryptocurrency of Binance, one of the largest crypto exchanges globally. Launched in 2017, $BNB initially operated on the Ethereum blockchain but later migrated to Binance’s proprietary blockchain, the Binance Chain.

$BNB serves multiple purposes, including reducing trading fees, facilitating transactions, and participating in token sales on Binance Launchpad. Additionally, it powers the Binance Smart Chain (BSC), a hub for decentralized applications (dApps) and DeFi projects.

With a capped supply of 200 million tokens, periodic burns reduce $BNB’s circulating supply, boosting its value over time. As Binance expands, $BNB remains integral to its ecosystem, appealing to traders and developers alike.