$BNB BNB (Binance Coin) is the main cryptocurrency of the BNB Chain ecosystem, originally launched by Binance. Here are some key points about BNB:

1. Main Functions of BNB

Transaction Fees: Used to pay transaction fees on Binance Exchange and BNB Chain.

Staking: Can be used for staking in the BNB Chain security system.

Launchpad & Token Sales: Used to participate in new projects on Binance Launchpad.

Payments & DeFi: Can be used for merchant payments and in various DeFi applications.

2. BNB Chain Ecosystem

BNB Chain consists of two main parts:

BNB Smart Chain (BSC): Supports smart contracts and DeFi applications.

BNB Beacon Chain: Focuses on governance and staking.

3. Burning Mechanism

BNB has a periodic burning mechanism to reduce the total supply, which can help increase the scarcity and value of the token.