#CryptoClarityAct BNB (originally “Binance Coin”) is now the native token of the BNB Chain, a Layer‑1 ecosystem launched in April 2019 after migrating off Ethereum .

Its primary functions include covering gas fees on BNB Beacon Chain and BNB Smart Chain, powering DeFi apps, and enabling on‑chain governance .

BNB also offers perks on Binance’s exchange—like trading‑fee discounts—and access to Launchpad token sales .