BNB

BNB is the native token of the Binance ecosystem, used for fees, staking and applications on BNB Chain.

BNB is the native utility token of the Binance ecosystem and is used for trading fee discounts, staking, governance and interacting with decentralized applications on BNB Chain.

The native utility token for the Binance ecosystem. It uses a Proof of Staked Authority (PoSA) consensus on its smart chain, where a limited number of validators process transactions, resulting in high speed and very low costs for users.

Ecosystem Utility: Used to receive trading fee discounts on the Binance exchange and to pay for transaction fees on the BNB Smart Chain, which hosts thousands of dApps and DeFi projects.

Exchange-Driven Utility: Uses a "burn" mechanism where Binance uses profits to destroy tokens until 100M remain. It is used for trading fee discounts on Binance and serves as the native gas token for the BNB Smart Chain dApp ecosystem.