BNB (Build and Build) is the native cryptocurrency of the Binance ecosystem, which includes the Binance cryptocurrency exchange and its blockchain platforms. It was initially launched in 2017 as an ERC-20 token on the Ethereum blockchain and later migrated to Binance's own blockchain, Binance Chain, and later to the Binance Smart Chain (BSC), now collectively known as the BNB Chain.

### Key Features of BNB:

1. **Utility Token**:  

   - Used for paying transaction fees on the Binance exchange and BNB Chain, often with discounts.

   - Accepted by various merchants and platforms as a payment method.

2. **Token Burn**:  

   Binance periodically burns (destroys) a portion of the BNB supply to reduce its total circulating supply, aiming to increase scarcity and value over time.

3. **Ecosystem Integration**:  

   - Used in DeFi applications, staking, liquidity pools, and as gas fees for transactions on the BNB Chain.

   - Supports applications such as decentralized exchanges (DEXs), games, and NFTs on the BNB Chai4. 4..**

Cross-Chain Compatibility**:  

   BNB supports cross-chain transfers and interoperability, allowing it to work across multiple blockchain platforms.

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