$BNB BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially an ERC-20 token on Ethereum, it migrated to Binance Chain in 2019. BNB serves multiple purposes, including paying transaction fees on Binance Exchange, participating in token sales, and enabling decentralized applications. It also powers the Binance Smart Chain (BSC), a blockchain for smart contracts and DeFi. BNB's value has grown significantly due to its utility and Binance's popularity. With a capped supply of 200 million, Binance periodically burns BNB to reduce circulation, aiming to increase scarcity and value over time.$BNB
