BNB Token

Definition ∞ The BNB Token functions as the native cryptocurrency for the Binance ecosystem, operating across both the Binance Chain and Binance Smart Chain. It provides utility for users, offering discounts on trading fees, access to token sales, and serving as a medium for various decentralized applications. BNB is a fundamental component underpinning Binance’s operational and growth strategies.
Context ∞ The BNB token’s significance extends beyond a simple exchange utility coin; it supports a wide array of decentralized finance (DeFi) applications and non-fungible token (NFT) platforms on the Binance Smart Chain. Its utility and market performance are regularly discussed in relation to Binance’s strategic initiatives and the broader expansion of its blockchain infrastructure. This token plays a central role in the platform’s long-term vision.