$BNB

Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on the Ethereum blockchain. It transitioned to Binance's own blockchain, Binance Chain, in 2019. BNB was initially created to facilitate transactions and offer discounted trading fees on the Binance cryptocurrency exchange. Over time, its utility has expanded, making it a versatile token used for various purposes, including staking, paying transaction fees on Binance Smart Chain (BSC), and participating in token sales on Binance Launchpad.

BNB has a deflationary model, where Binance conducts periodic "burns" to reduce the circulating supply and increase its value over time. Beyond the Binance ecosystem, BNB is widely accepted for payments, booking travel, and more. It has grown into one of the largest cryptocurrencies by market capitalization, reflecting its importance in the blockchain and crypto space.