$BNB

BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token on Ethereum, BNB later migrated to Binance Chain, Binance’s proprietary blockchain. BNB has a wide range of uses within the Binance ecosystem, including reduced trading fees, participation in token sales on Binance Launchpad, and payment for transaction fees on Binance Smart Chain (BSC), a blockchain optimized for decentralized applications.

BNB is also used in various real-world applications, such as travel bookings, payments, and financial services. Binance conducts regular coin burns to reduce BNB’s total supply, enhancing its scarcity and value over time. With its utility and growing adoption, BNB has established itself as one of the top cryptocurrencies in terms of market capitalization.