BNB - Page 6

BNB, or Binance Coin, is a cryptocurrency originally launched as an ERC-20 token on the Ethereum blockchain in July 2017 by the Binance exchange. It was created to facilitate trading on the Binance platform and to provide various benefits to users, such as reduced trading fees and participation in token sales on Binance Launchpad.BNB has since transitioned to its own blockchain, known as Binance Chain, and further evolved into Binance Smart Chain (BSC), a platform that supports smart contracts and decentralized applications (dApps). BNB can be used for various purposes within the Binance ecosystem, including payment for transaction fees, trading, and staking. Additionally, BNB is often used in decentralized finance (DeFi) applications and for generating yield in various protocols.The use of BNB can also extend beyond the Binance exchange to various crypto services, merchants, and platforms, enhancing its value and utility in the broader cryptocurrency space.

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