$BNB

BNB is a coin that powers the BNB Chain ecosystem. You can buy, sell and trade BNB like any other crypto asset, but you can also use it in a wide range of additional ways.

It's worth noting that BNB was released in 2017 as a token, but it has since grown into a well-established coin with its own unique features (no, a token and a coin are not the same thing).  It was launched during an Initial Coin Offering (ICO) as a way to raise capital for Binance.



As a token, BNB was initially launched on the Ethereum network based on the ERC-20 token standard. However, once Binance launched its own blockchain, BNB became the native coin of the BNB Chain. Hence, as of writing, there are three versions of the asset, which I'll discuss later.

As a cherry on top, BNB might also be seen as an investment in a broader sense, too. Binance is committed to furthering the reach and capability of decentralized networks, and you can probably guess what holds a special spot when it comes to transactions and innovations of Binance-related networks and platforms.