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BNB (Binance Coin) is the native cryptocurrency of Binance, one of the largest cryptocurrency exchanges in the world. It was originally created as an ERC-20 token on
1. Transaction Fees: It is primarily used to pay for transaction fees on the Binance exchange at a discount.
2. Token Utility: It is used within Binance's ecosystem, including Binance Smart Chain (BSC), for applications like staking, yield farming, and more.