$BNB Coin is the native cryptocurrency of Binance, one of the world's largest cryptocurrency exchanges. Initially launched in 2017 as an ERC-20 token, BNB later migrated to Binance's proprietary blockchain, Binance Chain. It is primarily used for transaction fee discounts on Binance, staking, and participating in Binance Launchpad events. BNB also powers the Binance Smart Chain (BSC), enabling smart contracts, decentralized applications, and DeFi projects. Its utility extends to travel bookings, payments, and more. With a capped supply of 200 million tokens and regular coin burns, BNB is a key player in the global crypto ecosystem. #BNB