$BNB

$BNB refers to Binance Coin, the native cryptocurrency of the Binance ecosystem. Initially launched as an ERC-20 token on Ethereum, it later migrated to Binance’s own blockchain, Binance Chain. BNB is widely used for trading fee discounts on Binance, participating in token sales, paying transaction fees on Binance Smart Chain (BSC), and various DeFi applications. It has also expanded into real-world use cases like payments and travel bookings. With a deflationary mechanism through periodic token burns, BNB remains a key asset in the crypto space.