BNB overview | Token utility across the BNB Chain ecosystem
BNB (ticker: BNB) is the native token of the BNB Chain ecosystem, originally launched by Binance and now serving roles beyond exchange fee reduction. This resource explains its origins, how it supports the network's operation, the value it offers to users and developers, and the considerations you should evaluate if you are thinking of adding BNB to your digital asset strategy.
BNB is the native cryptocurrency of the BNB Chain, originally created by Binance. It is used for paying trading fees, participating in token sales, staking, and governance across the ecosystem.
The BNB Chain consists of two networks: the BNB Beacon Chain for governance and the BNB Smart Chain (BSC) for smart contracts. Together they support decentralized apps, staking, and DeFi protocols.
BNB allows users to get discounts on trading fees, pay for services, and access Binance Launchpad token sales. It also serves as collateral for futures and margin trading.
BNB can be stored in wallets that support the BNB Smart Chain, such as Trust Wallet, MetaMask, or hardware wallets like Ledger. Always back up your seed phrase and enable security features.
While both support smart contracts, BNB Chain focuses on speed and low fees. Ethereum prioritizes decentralization and broad developer participation, often resulting in higher transaction costs.
BNB's utility across multiple use cases — including trading, staking, and governance — gives it value. Its token burns, supply limits, and integration in the Binance ecosystem help support long-term demand.
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