$BNB

**BNB (Binance Coin)** is the native cryptocurrency of the Binance ecosystem, launched in July 2017 through an Initial Coin Offering (ICO) by Binance, one of the world's largest cryptocurrency exchanges.

### Primary Uses of BNB:

- **Trading Fee Discounts:** Holders get reduced trading fees on the Binance exchange, encouraging users to use BNB for transactions.

- **Transaction Fees on BNB Chain:** BNB is the gas fee for transactions, smart contracts, and decentralized finance (DeFi) apps on the BNB Chain.

- **Participation in Token Sales:** Used on Binance Launchpad for investment opportunities in new crypto projects.

- **Payment Method:** Accepted by various merchants and available within Binance Pay and Binance Card to pay for goods and services.

- **Staking and DeFi:** Used in staking, lending, borrowing, and yield farming within the BNB ecosystem, allowing holders to earn rewards.

- **Governance:** Enables holders to vote on proposals affecting the Binance ecosystem and network development.

### Special Features:

- **Coin Burns:** Binance periodically buys back and destroys BNB tokens to reduce supply and increase value.

- **Ecosystem Role:** BNB is central to Binance's multi-platform network, including Binance Labs, Binance Charity, and Binance Academy.

- **Liquidity and Market Presence:** BNB ranks among the top five cryptocurrencies by market cap and enjoys high liquidity and trading volume globally.

In summary, BNB is a versatile utility token that powers a wide range of services within the Binance ecosystem, combining trading fee incentives, blockchain transaction utility, governance rights, and practical payment functions.