BNB was first developed through erC-20 token in Ethereum ICO (initial coin offering), and has become the original token of Binance Chain and Binance Smart Chain in the later stage. There are three main forms of BNB in the market: Bep-2 BNB in the binance chain. Bep-20 BNB in binance smart chain. Erc-20 BNB in the Ethereum network.

Binance coin (BNB) serves the binance ecosystem and is the original token of binance chain and binance smart chain.

In April 2019, binance chain was launched to solve the problem of high-frequency decentralized trading. BNB became its native token, which was exchanged with ERC-20 BNB in the form of 1:1 and no longer hosted on Ethereum. However, due to the limitations of the blockchain system, binance chain was designed at the beginning. The smart contract function has been abandoned. In 2020, DeFi began to break out. In response to this trend, Binance launched Binance Smart Chain to support the function of Smart contract, which is compatible with EVM. Its original token is BEP-20 BNB.

Binance chain provides guarantee for efficient and fast de-central exchange (DEX) in the form of order book. Binance smart chain serves for DeFi, NFT and other on-chain applications.

Pay transaction fees of binance trading platform; Pay transaction fees of Binance DEX (decentralized trading platform); Pay the transaction fees of binance chain; Pay transaction fees of binance smart chain; Pay for goods and services purchased online and in physical stores (such as using Binance or Binance payment); Booking hotels and flights through Travala.com; Community utility tokens (such as games and DApps) of binance smart chain ecosystem; Participate in token sales hosted by Binance Launchpad; Donate to Binance charity; Inject liquidity into binance liquidity mining.

Coin security chain: PoS and Byzantine fault tolerance (BFT). Binance smart chain: Proof of Staked Authority (PoSA).

The ecology is thriving and BNB is widely used.

Binance's breaking ability is strong, and the platform business is impacted by DEX, so it immediately re-creates an "Ethereum". By creating a new "Ethereum", it gives feedback to Binance and BNB, and happens to be congested with Ethereum, so the outbreak of BSC is stable.

Binance is not only the world's largest centralized exchange, but also the industry leader in the public chain circuit, binance Intelligent Chain (BSC), with a huge ecosystem and users. BNB is also considered the most widely used cryptocurrency.