$BNB 💸 $BNB — Binance Coin Overview

$BNB is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world.

---

🔍 Key Facts:

Feature Details

Token Name Binance Coin (BNB)

Launched 2017 (ICO era)

Initial Use Trading fee discounts on Binance

Current Use Gas fees (BNB Smart Chain), staking, DeFi, NFTs

Network Binance Smart Chain (BSC) & BNB Beacon Chain

Ticker $BNB

Total Supply Originally 200 million; quarterly burns reduce supply

Founder Changpeng Zhao (CZ)

---

🔥 Use Cases:

Pay trading fees on Binance with discounts.

DeFi protocols on Binance Smart Chain (like PancakeSwap).

NFT purchases, gaming (GameFi), and staking.

Cross-chain transactions on BNB Chain.

BNB Vault, Launchpad participation, and liquidity farming.

---

🔥 Tokenomics:

BNB uses "auto-burn" mechanisms to reduce circulating supply.

BNB burns aim to eventually destroy 100 million BNB.

Deflationary by design, supporting long-term value.

---

⚠️ Risks & Considerations:

**Centralization concerns