BNBUSD
BinanceCoin
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About BNBUSD
Layer 1 (Exchange Token / Smart Chain)
Jul 8, 2017
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BNB, short for Binance Coin, is the native cryptocurrency of the Binance exchange, launched in 2017 as an ERC-20 token before migrating to Binance’s proprietary blockchains, Binance Chain and later Binance Smart Chain (now part of the Binance Web3 Ecosystem). It facilitates trading fees on Binance, enables participation in initial exchange offerings (IEOs), and supports decentralized finance (DeFi) and dApps. As one of the largest cryptocurrencies by market cap, BNB operates on a proof-of-stake model, with periodic token burns to reduce supply. Its utility extends across trading, staking, and cross-chain transactions, maintaining a central role in Binance’s ecosystem.
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