$BNB Binance Coin (BNB) is the native cryptocurrency of the BNB Chain (including Binance Chain and Binance Smart Chain). It serves as a highly versatile token with uses such as paying transaction fees, participating in smart contracts, staking, and governance within the BNB ecosystem .
BNB also offers utility on the Binance exchange, including trading fee discounts, access to exclusive token sales, and more .
A notable feature is its burn mechanism—Binance periodically buys back and burns BNB, reducing its total supply to create scarcity over time .