$BNB
What is BNB Token?
BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, initially launched as Binance Coin during an Initial Coin Offering (ICO) in 2017. It was initially built on the Ethereum blockchain (ERC-20) but later migrated to Binance’s own blockchain, BNB Chain (formerly Binance Smart Chain).
Key Features of BNB:
1. Utility Token:
• Used to pay trading fees on Binance with discounts for users.
• Supports transactions and gas fees on the BNB Chain.
2. Versatile Use Cases:
• Pay for travel services (e.g., flights and hotels).
• Participate in token sales on Binance Launchpad.
• Earn passive income through staking and liquidity farming.
3. Burn Mechanism:
• Binance conducts regular BNB burns to reduce its total supply, enhancing scarcity and potentially increasing its value over time.
4. Ecosystem Growth:
• Central to the Binance ecosystem, including DeFi applications, NFTs, gaming platforms, and more.
While #BNB is still available in cheap, it is a strong contender after
