Binance Coin (BNB)
Build and Build (BNB), formerly known as Binance Coin, is a utility token used on the Binance cryptocurrency exchange platform. In 2017, BNB was introduced as an ERC-20 token based on the Ethereum blockchain. The main function of BNB is to reduce trading fees for users on the Binance platform.
Binance's role has expanded over time. BNB has developed its own blockchain, Binance Chain. Then, BNB introduced the BNB Chain. This is a combination of Binance Smart Chain (BSC) with BNB Chain. It allows BNB to do more things, like vote and participate in decentralized finance (DeFi).
