BNB$BNB
BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges.
🔹 Main Points about BNB:
Launched in 2017 through an Initial Coin Offering (ICO).
Uses:
Pay trading fees on Binance at a discount.
Used in Binance Smart Chain (BSC) for gas fees.
Accepted for payments, travel bookings, online services, and more.
Network: Works on BNB Chain (combination of Binance Chain + Binance Smart Chain).
Supply: BNB has a limited supply, and Binance regularly “burns” (destroys) some coins to reduce circulation and increase scarcity.
👉 In simple words: BNB is Binance’s own coin, used for trading, payments, and powering its blockchain ecosystem.
BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges.
🔹 Main Points about BNB:
Launched in 2017 through an Initial Coin Offering (ICO).
Uses:
Pay trading fees on Binance at a discount.
Used in Binance Smart Chain (BSC) for gas fees.
Accepted for payments, travel bookings, online services, and more.
Network: Works on BNB Chain (combination of Binance Chain + Binance Smart Chain).
Supply: BNB has a limited supply, and Binance regularly “burns” (destroys) some coins to reduce circulation and increase scarcity.
👉 In simple words: BNB is Binance’s own coin, used for trading, payments, and powering its blockchain ecosystem.