$BNB

BNB

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BNB (BNB) is the native cryptocurrency of the Binance ecosystem. It originally launched on the Ethereum network as an ERC-20 token. BNB was later migrated to Binance Chain and now powers Binance Smart Chain (BSC). It is used to pay for transaction fees on Binance Exchange and BSC. Users get a discount on trading fees when paying with BNB. It is also used in Binance Launchpad, DeFi, and many dApps. Binance burns BNB tokens quarterly to reduce supply and increase scarcity. The maximum supply is 200 million but decreases with each burn. BNB has grown to become one of the largest cryptocurrencies. It offers utility across trading, travel bookings, and virtual gifts.
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