, previously known as Binance Coin, is a cryptocurrency token created and issued by the cryptocurrency exchange Binance.

Key points:

* Utility token: BNB was initially designed to facilitate trading on the Binance exchange by providing reduced trading fees for users paying with BNB.

* Native token of BNB Chain: BNB has evolved into the native token of BNB Chain, a blockchain platform developed by Binance.

* Uses of BNB:

* Transaction fees: Pay transaction fees on the Binance exchange, often at a discounted rate.

* Governance: Participate in governance decisions on BNB Chain.

* Staking: Earn rewards by staking BNB on BNB Chain.

* Payments: Make payments for goods and services at various merchants that accept BNB.

* DeFi: Engage in decentralized finance (DeFi) applications built on BNB Chain.

BNB Chain:

BNB Chain is a blockchain platform that supports the creation and deployment of smart contracts, similar to Ethereum. It offers faster transaction speeds and lower fees compared to some other blockchains.

In summary, BNB has become a versatile cryptocurrency with numerous use cases in the Binance ecosystem and beyond #BNB