BNB

BNB, short for Binance Coin, is a cryptocurrency native to the Binance cryptocurrency exchange platform. It was launched in 2017 as part of Binance's Initial Coin Offering (ICO). BNB is primarily used to pay transaction fees on the Binance platform, including trading fees, withdrawal fees, and asset listing fees.

Some use cases of BNB include:

• Fee Discounts: Binance users who pay trading fees with BNB can receive significant discounts, encouraging its use on the platform.
• Participation in ICOs: Binance occasionally hosts token sales for new projects on its Launchpad platform, where investors can participate using BNB.
• Staking and DeFi: BNB can be used in various DeFi protocols for staking, lending, and other activities.
• Purchases and Payments: Some merchants and service providers accept BNB as a form of payment.

In summary, BNB is a multifunctional cryptocurrency that has proven to be useful both within and outside the Binance ecosystem.