Binance Coin (BNB) is the coin issued by Binance exchange in June 2017. BNB powers the Binance Chain as its native chain token and is used to pay fees on the Binance DEX, issue new tokens, send/cancel orders, transfer assets and other use cases. BNB was initially based on the Ethereum network but is now the native currency of Binance's own blockchain, the Binance chain.
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