$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance exchange. Key points include:
Use Cases:
Trading fee discounts
Staking
Token sales on Binance Launchpad
Blockchain: Originally an ERC-20 token, now operates on the Binance Smart Chain (BSC).
Burn Mechanism: Binance periodically burns BNB to reduce supply.
Governance: BNB holders have some influence over network decisions.
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