$BNB BNB is the native cryptocurrency of the Binance ecosystem. Here’s a concise and straightforward summary:

---

### 🧠 What does BNB represent?

BNB (originally Binance Coin) was born in 2017 as an **ERC-20** token on Ethereum, but later migrated to its own chains: **Binance Chain** and **Binance Smart Chain (BSC)**.

---

### ⚙️ What is it used for?

BNB has multiple functions both within and outside of Binance:

- **Discounts on fees** if you use it to pay on the exchange.

- **Participation in new token launches**.

- **Staking** to generate rewards.

- **Payment in DeFi platforms**, Web3 games, and merchants that accept crypto.

- **Gas for transactions** on Binance Smart Chain (similar to how ETH is used on Ethereum).

---

### 🔥 What makes it special?

Binance conducts **periodic burns of BNB**, reducing its total supply. This creates a deflationary dynamic that can positively affect its long-term value.