BNB

A few years later, the BNB project was rebranded and taken over by the BNB Chain community. While Binance introduced the original idea and remains a supporter, its vision for BNB Chain (and the BNB token) was for the network to be decentralized and independent. 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;

• Pay for goods and services for both online and in-store purchases (e.g., using Binance Pay);

• Community utility token on the BNB Chain ecosystem (such as games and DApps);

• Participate in token sales hosted on the Binance Launchpool;

• Donate on Binance Charity;

• Provide liquidity on DeFi platforms;

• Give Binance users discounts on trading fees (check the Fees page for more details).