#BNB is the native token of the BNB Chain ecosystem, which includes BNB Smart Chain (BSC) and BNB Beacon Chain. On BNB Smart Chain, BNB is used to pay transaction fees and participate in the network's consensus mechanism.

BNB is also used as a utility token that allows users to receive discounts on transaction fees when trading on the centralized cryptocurrency exchange Binance. Over time, Binance has expanded the utility of BNB, integrating it into various aspects of the Binance ecosystem, such as its decentralized exchange (Binance DEX), its token launch platform (Binance Launchpad), and more.