#TokenReserve BNB, formerly known as Binance Coin, is the cryptocurrency of the Binance ecosystem. It was initially created as an ERC-20 token on the Ethereum blockchain in July 2017 but later migrated to its own blockchain, the BNB Chain, in 2019.

BNB has several uses within the Binance ecosystem, including:

* Paying for fees on the Binance exchange: Users can get a discount on trading fees when they pay with BNB.

* Participating in token sales on Launchpad: BNB holders can participate in token sales for new projects launching on the Binance platform.

* Powering the BNB Chain: BNB is the native token of the BNB Chain, which is used for building decentralized applications (dApps).

* Staking: BNB can be staked to earn rewards.

BNB has seen significant price appreciation since its launch, making it a popular cryptocurrency among investors.