$BNB Binance Coin (BNB) is the token of the Binance cryptocurrency exchange, used to pay trading fees, as well as during IEOs on the Binance Launchpad and for farming on the Launchpool platform. 2

BNB was launched in 2017 before the Binance cryptocurrency exchange went live. Initially, the token operated on the Ethereum blockchain and was an ERC-20 standard token, with a total supply of 200 million, half of which was distributed during the ICO. 2

Some use cases for BNB: paying transaction fees on Binance.com, Binance DEX, and Binance Chain, payments, booking travel accommodations, paying for online services, and financial services.