BNB (Binance Coin)
Native token of Binance exchange — fee discounts, BNB Chain ecosystem.
BNB is a cryptocurrency created by Binance exchange in 2017. Originally an ERC-20 token, now the native token of the BNB Chain network.
Main uses:
•25% discount on trading fees on Binance (when paying with BNB)
•Gas token for BNB Chain and opBNB
•Staking and yield farming in BNB ecosystem
•Launchpad participation — new projects select BNB holders
•Burn mechanism — Binance quarterly burns BNB from revenue
BNB Chain: fast, cheap network compatible with EVM. Popularity: PancakeSwap DEX, Venus lending.
Criticisms: centralization — Binance controls large portion of validators.