In the crypto world, BNB or Binance Coin is one of the most popular crypto assets after BTC (Bitcoin) and ETH (Ethereum). But recently there has been a scam about BNB where ordinary people certainly don't understand the difference between real BNB and fake BNB.

OK.. I will explain a little about what BNB is?

BNB is the native coin of Binance Chain and Binance Smart Chain which supports the Binance ecosystem.

So what are the uses of this BNB coin? BNB has several uses, including:

1.Pay trading fees on Binance exchange

2.Pay transaction fees on Binance Chain and Binance Smart Chain.

3.Pay for services and goods for purchases in stores and online (for example using Binance Card and Binance Pay)

4.Book hotels, flights, etc. on Travala.com

5.Community utility tokens in the Binance Smart Chain ecosystem (such as Games and DApps)

6.To participate in the Binance Launchpad and Binance Launchpool.

7.Donate to Binance Charity.

BNB was launched via ICO (Initial Coin Offering) on ​​June 26 to July 3 2017, exactly 11 days before the Binance Exchange opened for trading. BNB was initially based on the Ethereum network, namely BNB ERC-20, then exchanged for BNB BEP-2 on the Binance Chain network which was launched on April 18 2019 with a ratio of 1:1. Then Binance launched the Binance Smart Chain network in September 2020 so now we can also find BNB-BEP20 on the Binance Smart Chain network.

Transaction fees using the BEP-20 network are cheaper.