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Disclaimer: All Forex and cryptocurrency forecasts, analyses, and market reviews on this website are for informational purposes only and do not constitute investment advice. Trading and investing involve risks of capital loss. See our full disclaimer.BNB is the native cryptocurrency of the BNB Chain ecosystem, which includes two main parts: • BNB Smart Chain (BSC) – the blockchain where smart contracts and decentralized apps (DApps) run. • BNB Beacon Chain – the chain that handles governance and staking. When Binance launched BNB in 2017, it started as an ERC-20 token on Ethereum. Later it moved to Binance’s own blockchain and became the “fuel” of the network. In 2022, the name changed from Binance Coin to simply BNB (Build and Build). What BNB is used for • Paying fees: On BNB Smart Chain, you need BNB to pay gas fees every time you send a transaction or interact with a smart contract. • Staking and governance: Holders can stake BNB to support the network and take part in decisions. • Trading discounts: On the Binance exchange, users who pay trading fees in BNB get discounts. • Ecosystem utility: BNB is also used on services like Binance DEX, Binance Launchpad, and many DApps built on BNB Smart Chain.
© 2009-2025 FORECK.INFO All rights reserved
Disclaimer: All Forex and cryptocurrency forecasts, analyses, and market reviews on this website are for informational purposes only and do not constitute investment advice. Trading and investing involve risks of capital loss. See our full disclaimer.