About BNB (Build and Build): The Utility Token Powering the BNB Chain Ecosystem
BNB is the native token of the BNB Chain — a fast, scalable, and low-cost blockchain ecosystem originally launched by Binance. Once known as Binance Coin, BNB has evolved into a core utility token that powers smart contracts, DeFi apps, games, and more.
The BNB token is used across a wide range of applications — from paying gas fees to participating in governance and earning yield.
What Is BNB?
BNB is a utility and governance token used within the BNB Chain ecosystem, which includes:
- BNB Smart Chain (BSC): EVM-compatible chain for smart contracts and DeFi
- BNB Beacon Chain: Handles governance and staking
- BNB Greenfield: A decentralized data storage network
Originally launched in 2017 as a discount token for Binance trading fees, BNB has since become one of the most widely used tokens in Web3 — supporting everything from DeFi protocols and NFTs to GameFi and infrastructure.
Key Features of BNB
-
Low-Cost Transactions: BNB Chain offers extremely low fees compared to Ethereum, making it ideal for high-frequency usage.
-
High Performance: The network supports high throughput and fast block times, ideal for scalable dApps.
-
BNB Burn Mechanism: BNB has an automatic burn process that reduces supply over time, adding deflationary pressure to the token.
-
Staking and Delegation: Users can stake BNB or delegate to validators to secure the network and earn rewards.
-
Wide Ecosystem Support: BNB is accepted across thousands of dApps, including PancakeSwap, Venus, and more — making it a central asset in DeFi and Web3.
BNB plays a foundational role in one of the most active blockchain ecosystems, offering speed, affordability, and strong developer support.
⭐ More about Binance Coin’s current market performance, technical trends, fundamentals, and recent developments find on altFINS.
