$BNB BNB : A Quick Overview

BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchange platforms in the world. Initially launched as an ERC-20 token on the Ethereum blockchain in 2017, it later migrated to its own blockchain, the Binance Chain, and then to the Binance Smart Chain (now BNB Chain).

BNB has multiple uses: it allows for reduced transaction fees on Binance platforms, participation in token sales (Launchpad), and governance of the BNB Chain. It is also used for gas fees on the BNB Chain and for various decentralized applications (dApps) built on this rapidly growing ecosystem. Its value is intrinsically linked to the expansion and adoption of the Binance ecosystem.