Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges globally. Initially launched as an ERC-20 token on the Ethereum blockchain, BNB has since migrated to Binance's own blockchain, Binance Chain. BNB serves various purposes within the Binance ecosystem, including paying for trading fees, participating in token sales on Binance Launchpad, and accessing various services within the Binance platform. BNB holders also enjoy discounts on trading fees when using BNB to pay. Moreover, Binance periodically conducts token burns, where a portion of BNB tokens is permanently removed from circulation, helping to increase the token's scarcity. Binance Coin has seen significant growth in both adoption and price since its inception, becoming one of the top cryptocurrencies by market capitalization. Additionally, BNB is used in Binance Smart Chain, a parallel blockchain that enables smart contract functionality and decentralized applications, further expanding the utility and potential of the BNB token.#write2Eran #PEPE‏ #altcoins #BinanceLaunchpool #BlackRock