$BNB
BNB (Binance Coin) is the native cryptocurrency of the Binance exchange, originally launched as an ERC-20 token on Ethereum in 2017 before transitioning to Binance's own blockchain, Binance Chain. Initially, BNB was used to pay for transaction fees on Binance, offering users discounts. Over time, BNB has evolved, enabling various use cases like participating in token sales on Binance Launchpad, staking, and even paying for goods and services. BNB’s value has risen due to its utility within the Binance ecosystem and the broader blockchain industry. It plays a vital role in the platform’s decentralized finance (DeFi) ecosystem.
