$BNB

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem, one of the world’s largest cryptocurrency exchanges. Launched in 2017, BNB was initially created as an ERC-20 token on the Ethereum blockchain before migrating to Binance's proprietary blockchain, Binance Chain.

BNB plays a crucial role within the Binance ecosystem, offering benefits such as reduced trading fees, participation in token sales on Binance Launchpad, and payment for transaction fees on Binance Chain. It has also expanded its utility beyond the Binance platform, being accepted for payments, travel bookings, and as collateral in decentralized finance (DeFi) platforms.

A significant feature of BNB is its deflationary mechanism. Binance conducts regular coin burns, reducing the total supply and increasing scarcity, which may enhance its value over time. As Binance expands its ecosystem, including ventures in NFTs, DeFi, and blockchain solutions, BNB remains a cornerstone of its growth and innovation.