$BNB
BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, launched in 2017 by the Binance exchange platform. Initially created as an ERC-20 token on Ethereum, it migrated to the Binance Chain and then to the Binance Smart Chain (BSC), a blockchain for smart contracts and dApps. BNB is used to pay transaction fees on Binance with discounts, participate in token sales, and operate in DeFi, NFTs, and games on BSC. Its supply is periodically reduced through token burns, increasing its scarcity. BNB is one of the leading cryptocurrencies by market capitalization, enabling fast and cost-effective transactions.