$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, including the Binance exchange and Binance Smart Chain (BSC). It was originally launched in 2017 as an ERC-20 token on the Ethereum blockchain but later migrated to Binance’s own blockchain.

Here are key details about BNB:

Uses of BNB

1. Transaction Fees: BNB is used to pay for trading fees on Binance at a discounted rate.

2. Gas Fees: It’s used as gas on the Binance Smart Chain.

3. Utility Token: Used in token sales, DeFi apps, staking, and more within the Binance ecosystem.

4. Burn Mechanism: Binance regularly burns BNB to reduce its supply, increasing scarcity and potentially boosting its value.

Current Status

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