$BNB
BNB: Powering the Binance Ecosystem
BNB (Binance Coin) is the native cryptocurrency of the Binance platform, one of the world's largest cryptocurrency exchanges. Originally launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance’s own blockchain, BNB Chain. BNB is used to pay trading fees on Binance at discounted rates, participate in token sales on Binance Launchpad, and power various DeFi and NFT applications on its network. It also serves as a utility token across many dApps. With a deflationary model through periodic coin burns, BNB continues to grow as a vital asset in the crypto ecosystem.
