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The BNB crypto coin is a digital currency created by the Binance cryptocurrency exchange. It is an ERC20 token that is used to pay for fees on the Binance exchange and can also be used to purchase goods and services from merchants who accept it. BNB has become one of the most popular cryptocurrencies in the world and is currently ranked in the top 10 of all cryptocurrencies by market capitalization.
The BNB coin was launched in 2017 and was initially used as a way to pay fees on the Binance exchange. Fees on the Binance exchange are paid in BNB and are discounted depending on the amount of BNB held in a user’s wallet. This has led to many users holding BNB in order to take advantage of the discounts.
The BNB coin has also been used to fund Initial Coin Offerings (ICOs) on the Binance Launchpad platform. The BNB coin can be used to purchase tokens during an ICO and is also used to pay for listing fees on the Binance exchange.
The BNB coin has also been used to create a decentralized exchange (DEX) called Binance DEX. This DEX allows users to trade cryptocurrencies without having to trust a third-party exchange. This has made it easier for users to trade cryptocurrencies without having to worry about their funds being stolen or hacked.
The BNB coin has been able to gain a lot of traction in the cryptocurrency world due to its low transaction fees, high liquidity, and the discounts offered for holding BNB. It is also popular due to the fact that it is used to fund ICOs on the Binance Launchpad platform.
Overall, the BNB coin is a popular cryptocurrency that is used to pay for fees on the Binance exchange and to purchase goods and services from merchants who accept it. It is also used to fund ICOs on the Binance Launchpad platform and to create a decentralized exchange (DEX). The BNB coin has been able to gain a lot of traction in the cryptocurrency world due to its low transaction fees, high liquidity, and the discounts offered for holding BNB.