Role of BNB token in the ecosystem
The Role of BNB Token in the Ecosystem BNB (Build and Build) token serves as the cornerstone of the Binance ecosystem, driving utility and fostering growth across multiple platforms and services. Originally launched as an ERC-20 token during Binance’s 2017 initial coin offering (ICO), BNB transitioned to Binance Chain in 2019 and now operates as the native token of the Binance Smart Chain (BSC) and Binance Chain. One of BNB’s primary functions is to power transactions on BSC, a high-performance blockchain enabling decentralized applications (dApps) and smart contracts. Users benefit from reduced transaction fees when paying in BNB, making it an attractive choice for developers and traders alike. BNB is also widely used within the Binance exchange for trading fee discounts, staking, and participating in token sales on Binance Launchpad. Beyond Binance’s platform, BNB has gained adoption in various real-world applications, including travel bookings, payment gateways, and enter...