$BNB BNB is short for Binance Coin, a cryptocurrency launched by Binance, one of the world's largest cryptocurrency exchanges. It was originally created based on the Ethereum blockchain (ERC-20 token), but later migrated to Binance's own blockchain platform, Binance Chain.

BNB's uses

1. Transaction fee discounts: Use BNB to pay transaction fees on Binance Exchange to enjoy certain discounts.

2. Participating projects: In the new coin sales (Launchpad) launched by Binance, BNB is often used as a means of payment for purchasing new tokens.

3. DeFi applications: In the decentralized finance (DeFi) ecosystem, BNB is widely used for activities such as liquidity mining and staking.

4. Payment tools: Some platforms and merchants accept BNB as a payment method.

5. Burning mechanism: Binance regularly repurchases and destroys a certain amount of BNB to reduce its circulating supply, thereby increasing scarcity.