$BNB

$BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, originally launched in 2017 as an ERC-20 token on the Ethereum blockchain before migrating to Binance’s own blockchain, Binance Chain. It serves as a utility token with various use cases, such as:

Trading Fee Discounts: Users who pay trading fees on Binance using $BNB receive discounts.

Token Launch Participation: is often required to participate in Binance Launchpad token sales.

Staking and DeFi: Users can stake to earn rewards or use it in decentralized finance (DeFi) applications.

As Binance grows, remains a cornerstone of its ecosystem.