$BNB

$BNB (Binance Coin) is the native cryptocurrency of Binance, one of the world’s largest crypto exchanges. Initially launched on the Ethereum blockchain as an ERC-20 token, BNB later migrated to Binance Chain and Binance Smart Chain (BSC).

Key Uses of BNB:

Trading Fee Discounts: Users get reduced fees when paying with BNB on Binance.

Transaction Fees: Used for gas fees on BSC.

Token Sales: Used in Binance Launchpad for new project investments.

Staking & DeFi: Supports liquidity pools, yield farming, and staking.

Payments: Accepted by merchants and platforms for various services.

BNB’s value is influenced by Binance’s quarterly burn mechanism, where a portion of the supply is permanently removed to reduce inflation.