BNB is the core cryptocurrency of the Binance ecosystem and plays a key role beyond just trading discounts. It powers BNB Chain and BNB Smart Chain, where it is used for transaction fees, staking, and governance. BNB is widely used in DeFi platforms, NFT marketplaces, gaming projects, and Web3 applications. One of its standout features is the automatic token burn system, which gradually reduces the total supply. This deflationary mechanism is designed to support long-term value growth while maintaining a fast, efficient, and scalable blockchain environment for users and developers around the world.
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BNB is the core cryptocurrency of the Binance ecosystem and plays a key role beyond just trading discounts. It powers BNB Chain and BNB Smart Chain, where it is used for transaction fees, staking, and governance. BNB is widely used in DeFi platforms, NFT marketplaces, gaming projects, and Web3 applications. One of its standout features is the automatic token burn system, which gradually reduces the total supply. This deflationary mechanism is designed to support long-term value growth while maintaining a fast, efficient, and scalable blockchain environment for users and developers around the world.