$BNB

BNB OverviewBNB (Build and Build) is the native cryptocurrency of the BNB Chain ecosystem, originally created by Binance, the world's largest cryptocurrency exchange by trading volume. Initially launched as an ERC-20 token on Ethereum in 2017, BNB later migrated to Binance's own blockchain infrastructure, which includes BNB Beacon Chain and BNB Smart Chain (BSC).BNB serves multiple utilities within the Binance ecosystem, including reduced trading fees on the exchange, participation in token sales through Binance Launchpad, and payment for various services. On BNB Smart Chain, it functions as the network's gas token, powering transactions and smart contract executions similar to how ETH operates on Ethereum.The token features a deflationary mechanism through quarterly burns, where Binance destroys BNB tokens based on trading volume, gradually reducing total supply. BNB Smart Chain has become a popular alternative to Ethereum due to lower transaction fees and faster processing times, hosting numerous DeFi protocols, NFT marketplaces, and decentralized applications, making BNB integral to one of crypto's largest ecosystems.