$BNB BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem. Launched in 2017 as an ERC-20 token on the Ethereum blockchain, it later migrated to its own network, Binance Chain. It is used to pay fees on the Binance platform with discounts, participate in token launches (IEOs), and conduct transactions on Binance Smart Chain (BSC), a network compatible with smart contracts. BNB is also used for payments, travel bookings, and more. Binance conducts periodic burns of BNB to reduce its supply and increase its scarcity. Its adoption has grown, solidifying it among the top cryptocurrencies in the market. It would be interesting to understand that Binance positioned it very well in the market due to its transformation into a well-known blockchain, allowing it to create its own currency.