What is BNB?
BNB is the native token of the Binance ecosystem, powering the BNB Chain (formerly Binance Smart Chain) and offering fee discounts on the Binance exchange. Originally launched as an ERC-20 token in 2017, BNB migrated to its own blockchain and has become one of the largest cryptocurrencies by market capitalization.
BNB Chain hosts a thriving DeFi ecosystem with lower fees than Ethereum, making it popular for traders and developers. Binance regularly burns BNB tokens, reducing supply over time.
How Vela Will Monitor BNB
When Vela adds BNB support, you will receive 24/7 monitoring with clear trading signals. Vela will track price trends, momentum, and key levels to help you make informed trading decisions.