A few years later, the BNB project evolved into the utility token of the BNB Chain network, where you can use BNB to pay for blockchain fees and engage with decentralized finance (DeFi) products. BNB Chain operates with a community-driven approach, allowing anyone to become a network validator through BNB stakes.
BNB has multiple use cases. It's used as a utility token that can be used to:
Pay for transaction fees on the BNB Chain;
Community utility token on the BNB Chain ecosystem (used in games, DApps, etc.);
Donate via Binance Charity;
Provide liquidity on DeFi platforms;
A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronolo...
A digital currency that is secured by cryptography to work as a medium of exchange within a peer-to-peer (P...
A marketplace for cryptocurrencies where users can buy and sell coins.