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Binance's Native Token: BNB is the cryptocurrency that powers the BNB Chain ecosystem, which includes BNB Smart Chain and BNB Beacon Chain. Utility on Binance Exchange: BNB was initially created to offer trading fee discounts on the Binance exchange. Ecosystem Expansion: BNB has expanded beyond its initial use case, becoming a core part of the Binance ecosystem and playing a role in various aspects like decentralized exchanges (DEX), token launch platforms, and more. BNB Chain: The BNB Chain is a blockchain network developed by Binance, offering a faster and cheaper alternative to Ethereum for decentralized applications (dApps) and smart contracts. BNB, originally Binance Coin, is a cryptocurrency created by the Binance exchange. It was initially launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, now known as BNB Chain. BNB is used as the native token of the BNB Chain ecosystem and also provides benefits on the Binance exchange, such as discounted trading fees.
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BNB, originally Binance Coin, is a cryptocurrency created by the Binance exchange. It was initially launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance's own blockchain, now known as BNB Chain. BNB is used as the native token of the BNB Chain ecosystem and also provides benefits on the Binance exchange, such as discounted trading fees. Binance's Native Token: BNB is the cryptocurrency that powers the BNB Chain ecosystem, which includes BNB Smart Chain and BNB Beacon Chain. Utility on Binance Exchange: BNB was initially created to offer trading fee discounts on the Binance exchange. Ecosystem Expansion: BNB has expanded beyond its initial use case, becoming a core part of the Binance ecosystem and playing a role in various aspects like decentralized exchanges (DEX), token launch platforms, and more. BNB Chain: The BNB Chain is a blockchain network developed by Binance, offering a faster and cheaper alternative to Ethereum for decentralized applications (dApps) and smart contracts.
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