Binance Coin
BNB is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. BNB was launched in 2017 as part of Binance's initial public offering (ICO).
BNB Features:
1. Transaction Fees: They are used to reduce trading fees on Binance.
2. Periodic Burning: Binance burns a certain percentage of BNB periodically to reduce supply and increase value.
3. Multiple Uses: They can be used to pay for e-commerce, book flights, and even as an investment vehicle.
BNB Evolution:
Initially, BNB was based on the ERC-20 network, but later moved to its own network, Binance Chain, which improved its speed and efficiency.