What is BNB?

BNB is the native cryptocurrency of BNB Beacon Chain and BNB Smart Chain, supporting the BNB Chain ecosystem. Launched in 2017 with an Initial Coin Offering (ICO), BNB was initially created as an ERC-20 token on the Ethereum network, but later migrated to Binance Chain (BEP-2). BNB's supply is reduced by periodic "coin burns". This process is used to keep the supply under control.

What is BNB Used For?

BNB has various uses in the Binance ecosystem. It can be used in many areas such as paying transaction fees on the Binance exchange, trading on Binance DEX, and paying for travel and shopping expenses. BNB is also used in many decentralized applications (DApps) and projects running on Binance Smart Chain.

Binance users can benefit from special discounts when they pay their transaction fees with BNB. Users who trade frequently on Binance can reduce their transaction costs by taking advantage of these discounts.

Where to Buy BNB?

You can usually buy BNB from secondary markets, namely Binance.com and other cryptocurrency exchanges. To buy BNB, you can create an account on Binance and buy BNB using crypto or fiat currencies.

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