BNB
a.k.a. Binance Coin
The native coin of the BNB Chain blockchain, created by the Binance exchange and once called Binance Coin.
In plain English
The native coin of the BNB Chain blockchain, created by the Binance exchange and once called Binance Coin.
BNB, originally Binance Coin, was launched by Binance in 2017 through an ICO. It started as a discount voucher for trading fees on the exchange and grew into the fuel of BNB Chain, where it pays transaction fees for apps such as PancakeSwap.
Binance regularly burns BNB, destroying coins to shrink the supply. Because the coin is so closely tied to one company, news about Binance tends to hit BNB's price directly.
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