$BNB
BNB, or Binance Coin, is the native cryptocurrency of the Binance ecosystem, launched in 2017 through an Initial Coin Offering (ICO). Initially created as an ERC-20 token on the Ethereum blockchain, BNB later migrated to Binance's own blockchain, Binance Chain. It serves multiple purposes, including paying for trading fees on the Binance exchange at a discounted rate, participating in token sales on Binance Launchpad, and facilitating transactions within Binance's decentralized exchange (DEX). BNB is also used for staking, payments, and accessing various services within the Binance ecosystem. Over time, it has grown into one of the top cryptocurrencies by market capitalization, reflecting its utility and widespread adoption.
