$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, initially launched in 2017. It is used for various purposes within Binance's platforms and beyond. Here's a brief overview:

Key Features of BNB:

1. Utility Token:

Used to pay trading fees on Binance Exchange, offering discounts.

Powers the Binance Smart Chain (BSC), supporting decentralized apps (DApps), smart contracts, and token transactions.

2. Ecosystem:

Integral to Binance's decentralized exchange (DEX) and Binance Chain.

Used in Binance Launchpad for token sales and other Binance services.

3. Burn Mechanism:

Binance periodically burns (destroys) BNB tokens to reduce supply and increase value.

4. Use Cases Beyond Binance:

Payment for goods and services.

Participation in Initial Coin Offerings (ICOs) on Binance.

5. Market Position:

One of the top cryptocurrencies by market capitalization.

Current Status:

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