BNB Coin (BNB),
which means "Build and Burn
" (Build and Burn)
is a highly significant and popular digital asset (Digital Asset) in the world of cryptocurrency.
The BNB Coin was launched in 2017 by the world's largest cryptocurrency exchange, Binance.
BNB
a "utility token"
(Utility Token) serves as a utility token. Its primary purpose was to obtain discounts on trading fees on the Binance platform. Users are charged less when they use BNB to pay for fees.
Over time, the use of BNB has expanded significantly beyond the Binance ecosystem. It is now used as the primary currency for various applications (DApps), games, and decentralized finance (DeFi) projects on the Binance Smart Chain (BSC), now known as BNB Chain.
In terms of market capitalization, BNB consistently ranks among the top cryptocurrencies (after Bitcoin and Ethereum), indicating its strong position in the crypto market.
In summary, BNB is not just an exchange token but the backbone of a complete blockchain ecosystem, making it an attractive asset for both crypto investors and users.