$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, the world's largest crypto exchange.

Launched in 2017, BNB initially offered discounted trading fees on the Binance platform.

However, its utility has significantly expanded, making it a cornerstone of the broader BNB Chain, which includes the BNB Smart Chain (BSC).

Today, BNB powers transactions on the BNB Chain, facilitating fast and low-cost smart contracts and decentralized applications (dApps).

Beyond gas fees, BNB enables participation in token sales on Binance Launchpad, staking for rewards, and serves as a payment method for various goods and services.

Binance also implements a quarterly "burn" mechanism, reducing BNB's supply to potentially increase its value.

This multifaceted utility makes BNB integral to Binance's extensive crypto ecosystem.