What Is BNB Coin?
BNB coin is a digital token created by the leading cryptocurrency exchange, Binance. It was initially launched as an ERC-20 token on Ethereum’s blockchain in 2017 and then migrated to its own mainnet (the Binance Chain) in April 2019. The primary use of the token is to pay for trading fees incurred when using the platform but it also serves other purposes such as staking rewards and discounts for users who hold large amounts of coins. As a result, many investors have been attracted to buying up these tokens due to their utility value within the larger ecosystem that operates around them. In addition, some people speculate that they may appreciate in value over time if more services are added onto the platform or its popularity increases further down into mainstream adoption levels.
