Binance Coin (BNB)

Binance Coin (BNB) is the digital currency of the Binance platform, one of the world's largest cryptocurrency exchanges. It was initially created to help users reduce trading fees on Binance but has since expanded its use. BNB can be used for various purposes, such as paying for transaction fees, purchasing goods and services, participating in token sales on Binance Launchpad, or powering decentralized applications on the Binance Smart Chain. Its value is influenced by the platform's popularity, demand, and its utility within the Binance ecosystem. BNB operates on blockchain technology, offering fast, secure, and transparent transactions.