$BNB BNB, formerly known as Binance Coin, is the native cryptocurrency of the Binance ecosystem. Launched in 2017 through an Initial Coin Offering (ICO), BNB was initially created as a utility token to pay for trading fees on the Binance exchange at a discounted rate. Over time, its use cases expanded significantly. BNB powers the Binance Smart Chain (BSC), a blockchain platform designed for decentralized applications (dApps) and smart contracts, competing with Ethereum. BNB is used for transaction fees, staking, and participating in token sales on Binance Launchpad. With a limited supply and periodic token burns, BNB has become one of the top cryptocurrencies by market capitalization, playing a vital role in the growing Binance ecosystem and the broader crypto industry.#