$BNB

BNB (100 words)

BNB, originally known as Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the world's largest crypto exchanges. Launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. It serves multiple purposes: trading fee discounts, participation in token sales, and powering decentralized applications. BNB has grown beyond just an exchange token, becoming integral to DeFi projects, NFTs, and more. Its supply is regularly reduced through quarterly burns, enhancing scarcity. With strong backing from Binance and expanding utility, BNB remains a significant asset in the broader cryptocurrency landscape.