$BNB

Binance Coin (BNB) 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 at a discounted rate, participating in token sales on Binance Launchpad, and facilitating transactions on Binance Smart Chain (BSC), a blockchain supporting smart contracts and decentralized apps (dApps). BNB's value has grown significantly due to its utility and Binance's expanding ecosystem. With a capped supply of 200 million coins, BNB also incorporates periodic burns to reduce circulation, enhancing its scarcity and value over time.