$BNB

BNB, formerly known as Binance Coin, is the cryptocurrency that powers the BNB Chain ecosystem. Here's a breakdown of its key aspects:

Origin and Purpose: It was initially launched by the Binance cryptocurrency exchange. It serves as the native token for the BNB Chain. Key Functions: Transaction Fees: BNB is used to pay transaction fees on the BNB Chain. Ecosystem Utility: It plays a crucial role within the broader Binance ecosystem, including: Paying for trading fees on the Binance exchange. Participating in token sales. Being used in various decentralized applications (dApps) on the BNB Chain. Governance: BNB holders can sometimes participate in the governance of the BNB Chain. Tokenomics: BNB employs a "burning" mechanism, where a portion of the tokens are periodically removed from circulation, aiming to increase its scarcity and potentially its value.

In essence, BNB is a utility token that fuels the BNB Chain and offers various benefits within the Binance ecosystem.