$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. Originally, BNB was launched in 2017 as an ERC-20 token on the Ethereum blockchain, but it later migrated to Binance's own blockchain, Binance Chain, when it was introduced in 2019.

BNB has several use cases within the Binance ecosystem:

1. Trading Fee Discounts: Binance users can pay for trading fees on the platform using BNB and receive discounts, which incentivizes its use within the exchange.

2. Staking: BNB can be staked in various DeFi (Decentralized Finance) applications on the Binance Smart Chain (BSC), offering users additional opportunities for earning rewards.

3. Payments and Transactions: BNB is used in numerous dApps (decentralized applications) built on Binance Smart Chain, including gaming, decentralized finance, and NFT platforms.

4. Token Burn: Binance conducts regular token burns, where a certain number of BNB coins are permanently removed from circulation, reducing the total supply and theoretically increasing scarcity.

5. Launchpad: BNB is used for participating in Initial Exchange Offerings (IEOs) on the Binance Launchpad, giving holders access to new token projects.

BNB has grown significantly in value and adoption due to its utility and the expansion of the Binance platform and its ecosystem.$BNB