$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance platform. It was initially launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance Chain, Binance's own blockchain. BNB is used to pay for transaction fees on the Binance exchange, participate in token sales on Binance Launchpad, and more.

Here are some key features of BNB:

1. Fee Discounts: BNB holders can use the token to pay for trading fees on Binance and receive discounts.

2. Token Burn: Binance periodically burns (destroys) a portion of BNB to reduce its total supply, which is intended to increase the token's value over time.

3. Utility: Beyond trading fee discounts, BNB can be used in various applications, including online services, travel bookings, and financial services.

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