Binance Coin (BNB) is a cryptocurrency that was created to be used on the Binance platform. It was first issued in 2017 as an ERC-20 token on the Ethereum blockchain and later migrated to its own Binance Chain blockchain in 2019.
BNB has many benefits for users of the Binance platform. For example, Binance offers a discount to its users for trading fees on the platform if they use BNB to pay for those fees. This has made BNB a valuable addition to many people's crypto portfolios.
In addition to its use as a payment method on the Binance platform, BNB can be used to participate in Initial Exchange Offerings (IEOs) on the Binance Launchpad. It can also be used to buy virtual gifts and other items on the Binance platform.
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