$BNB *BNB* refers to *Binance Coin*, which is the native cryptocurrency of the *Binance* exchange. It is used for various purposes on the Binance platform and has a range of utilities within the Binance ecosystem.

Key Information about *BNB on Binance*:

1. *Utility Token*:

- *BNB* can be used to pay for *trading fees* on Binance at a discounted rate, which makes it a popular choice among frequent traders.

- It can also be used for *transaction fees* on the *Binance Smart Chain (BSC)*, a blockchain developed by Binance for decentralized applications (dApps) and smart contracts.

2. *Staking and Earning*:

- Binance offers users the ability to *stakeBNB* and earn rewards. It can also be used in various *Binance Earn* products like savings or launchpad investments.

3. *Token Burn*:

- Binance periodically conducts a *token burn* of *BNB* to reduce the total supply, with the goal of increasing the scarcity and value of the token. This burn is usually done quarterly.

4. *Use Cases*:

- Apart from trading fee discounts, *BNB* is used in *Binance Launchpad* (for new token sales), and *Binance Launchpool* (where users can stakeBNB to earn rewards or new tokens).

5. *Trading on Binance*: