Binance Coin (BNB) is a cryptocurrency created by the Binance cryptocurrency exchange. It was initially issued as an ERC-20 token on the Ethereum blockchain but has since migrated to Binance's own blockchain, Binance Chain. BNB has various use cases within the Binance ecosystem, such as discounted trading fees, participation in token sales on Binance Launchpad, payment for goods and services, and more. It has gained popularity for its utility and the growing Binance platform, making it one of the most widely used cryptocurrencies in the market.
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